The COVID-19 Pandemic disrupted all aspects of the economy and our lives. The effects of COVID-19 pandemic have been persistent, but it has not stopped the marketplace from investing in what matters. According to the India Impact Investors Council (IIIC) report, education, healthcare, and agricultural sectors in India received $2.6 billion worth of impact investments in 2020. However, there are investment opportunities in other areas that also need attention. India is in great flux and its people are trying to keep up to meet new demands, challenges and needs daily.
With international travel restrictions imposed, local ecosystems have the opportunity to thrive. The pandemic has stripped away the glamour of businesses that had always survived on quick-wins and only those that are able to adapt remain. According to the British Council report, there are at least two million social enterprises in India today, with more than 50% engaged in skills development and another 30% in education. Investors are also betting on early stage enterprises especially in agriculture and healthcare with a 16% rise in seed stage investments in 2020. Local entrepreneurs are therefore rising to the challenge by adapting to the new normal. In addition, the reduced availability of imported products has resulted in the rising popularity of local goods.
Given the background CII is organizing the 3rd edition of Social Enterprise Conclave with a theme ‘Innovate, Invest, Impact – Getting the Growth Back’ to shape the India’s development journey. This Digital Conference will give an effort to create a framework and a conducive environment for Social Enterprise. The Conference will be a blended experience of impact pitching deck, policy dialogue forum, fireside chats.
To promote social entrepreneurship and social innovation as agents of positive social change
To provide a platform for social entrepreneurs, social innovators, NGOs, businesses, investors, academics and the government to engage with one another for cross-sector innovation
To enhance the business capabilities of social enterprises and on the other hand cultivate a purpose-driven mindset among businesses
To promote impact investing and bridge funding bodies and investors with social entrepreneurs and social innovators