Start Up! - An Introduction
1 like407 views
Start Up! provides angel investment, incubation, and consulting services to social entrepreneurs in India. It helps social ventures launch and scale in a sustainable way by matching entrepreneurs with expertise, tools, and networks. Start Up! works with over 25 social ventures across sectors like livelihoods, education, and health. It offers customized services like incubation programs, strategic planning, and impact assessment to strengthen ventures. Start Up!'s goal is to build an ecosystem that enables many social entrepreneurs to solve problems and create impact in underserved communities.
Start Up! - An Introduction
- 2. INTRODUCTION TO START UP!
- 3. Start Up! is an angel investor, incubator and consultant to social entrepreneurs. We equip social ventures to launch in a way that they can scale, generate impact and be sustainable. Angel Investment Impact Consulting Incubation
- 4. About Us • Start Up Management Consulting Private Limited (Start Up!) launches, strengthens, and scales social enterprises that create lasting impact in underserved communities of India. • Our clients and investees include social entrepreneurs who work across the non-profit , hybrid and for-profit continuum .The majority of our engagements have been in the livelihoods, education, enterprise/entrepreneurship development and health sectors. • The only incubator in the country that operates as a for-profit; the only angel that invests talent and sweat - Start Up! works on a creative revenue model , which includes deferred professional fee and success fee and could take a small equity stake in its investee/incubatee ventures. • As knowledge partners of the Schwab Foundation and Jubilant Bhartia Foundation and Ashoka’s Associate Venture Partner, Start Up assesses and learns from more than 200 social ventures every year. We cross-pollinate this learning to ventures we seed and scale. Since 2009- 5 angel investment, 6 incubations and 23 consulting engagements
- 5. Vision and Mission • Start Up! began its full-time operations in 1 January 2009 and has had an eclectic growth path across legal entities. – Registered as a Trust in Jan 2007 – Launched a partnership in Sept 2009 – Registered as a pvt ltd company in Feb 2011 • Our Vision: An ecosystem that enables multiples of social entrepreneurs to launch their ideas, solve compelling problems and generate impact, wealth and agency in underserved and ultra-poor communities. • Our Mission: • To demystify the business of ‘starting up’ social change ventures; • To scale social enterprises in a way that they generate impact; • To seed first-generation social entrepreneurs in last-mile communities; • To catalyze the influence and resources of business, government and media towards fostering many more social enterprises.
- 6. Organization’s History and Future • Over the past three years, Start Up! has increased its client base to 25 social ventures. • Historically, Start Up! has attracted most work with social entrepreneurs that – Follow a hybrid model or; – Aim to build strong revenue streams and sustainability within their non-profit structure and/or ; – Plan to hive out into business ventures over a period in time. 0 2 4 6 8 10 12 2009 2010 2011 2012 Number of projects Incubation Consulting Angel Investment
- 7. List of partners Anjali Talaash Sumant Jayakrishnan Design Pvt Ltd RACHNA
- 8. What We Do We invest non-financial resources to launch and scale social enterprises. Our investments of time and expertise are geared to put ventures quickly on their feet and make them scale and capital ready How we do it: • Invest our time and services to co-entrepreneur social ventures in the field, with our investees. • Match the passion and domain expertise of our investees with process, plans and the discipline for executing ideas. • Not only provide expertise, tools and networks, but also problem solve and actively operationalize the business model. • Constant questioning of assumptions and reality checks at every turn minimizes trial and error. These ensure that ventures launch with a higher probability of success. • Operate on a flexible revenue model and receive success fee after business starts to generate revenues and/or raises investments and debt. • Bring in mentors, functional experts at negotiated and affordable rates to the entrepreneur. • Provide the start up toolkit with templates and tools Envisioning the Model Identifying markets and customer segments Defining product categories& pricing Detailing the Business Strategy and revenue model Financial Modeling Identifying the best legal structure Getting the business operations right Fundraising Start Up Toolkit
- 9. Who do we invest in? Criteria for angel investment: • Enterprises that have been on the ground for 1 year (minimum) • Bring domain experience and social capital to their business idea • Invest own cash into their enterprises • Are ready for equity participation • Experiment actively in the field to ascertain market and growth potential • Lead businesses that require investment of between USD 75,000 to USD 250,000 in the first 3 years RACHNA
- 10. What We Do We offer affordable and customized consulting, coaching and training services for young or early-stage social entrepreneurs. We also incubate incubators! How we do it: • Our incubation offerings are designed to – Build the resilience of entrepreneurs; – Strengthen the impact quotient of early-stage social ventures; – Forge enduring community relationships and trust for the entrepreneur and her team and; – Develop robust strategic, people, finance and execution capabilities in change models. • Adapt the angel investment methodology to the domain and geography of our clients • Operate on a flexible revenue model and receive incubation fee over an extended period of 10-12 months. • Build access to sector specialists, functional experts and mentors. • Provide the start up toolkit with templates and tools 90 day 60 day Accelerated Coaching 120 day
- 11. Who are our incubation partners? What we incubate: • Accelerator programs for social entrepreneurs • Innovative ideas of experienced social intraprenuers with previous experience of leading ventures Talaash Basic Healthcare Services The E3 Challenge Lehar
- 12. What We Do As consultants we get excited about scaling ventures, assessing impact, developing sustainability programs and engaging with social entrepreneurs through due diligence process How we do it: • Consult with ‘scale-ready’ models across domains to accelerate their sustainability, growth and impact. • Services are not limited to idea / report generation and advice. We get excited about field testing/ operationalizing our solutions. • Our skin-in-the game approach ensures that we roll-up our sleeves to problem solve, on-site, with social entrepreneurs and their teams. • Cross-pollinate learnings from clients to our investees and build active connections between the two. Strategic Planning, Business Plan Development & Financial Modeling Assessing impact and developing knowledge products Managing due diligence Market Research on products, services and standards for the fields
- 13. Who are our consulting services clients? Anjali Sumant Jayakrishnan Design Pvt Ltd
- 14. Who We Work With • WHERE ARE THEY FROM?: – 58% are in North India 45% 4% 7% 14% 17% 10% 3% Delhi, North India Hyderabad, South India International Kolkata, East India Mumbai, West India Udaipur, North India Uttarakhan, North India 1 14 8 Cold client Prior relationship Referral • HOW DID THEY FIND START UP?: – Prior relationships make up 61% of clients – 8 have become repeat clients 1 42 2 1 8 6 3 2 0 2 4 6 8 10 12 14 16 18 Eco-system builder/Network Research/advocacy Service provision Mature Growth Early Seed • NATURE OF WORK: – Most mature-stage customers are eco-system builders/ research and advocacy organization or large network bodies – A majority of our Seed and Growth stage customers provide direct services to BoP communities • HOW ACCOMPLISHED ARE THEY?: - 50% of our clients are Ashoka Fellows - 32% have won more than one international award
- 15. Organizational Structure Advisors: • Sushmita Ghosh, President-Emeritus, Ashoka: Innovators for the Public • Anshu Gupta, Founder, Goonj • Ishita Swarup, Serial entrepreneur, CEO and Co-founder, 99 Labels.com • Arpana Kumar Ahuja, PR and Communications Specialist • Payal Randhawa, Director, Social Entrepreneurship, Nand and Jeet Khemka Foundation • Dr Aditi Haldar, Director, Global Reporting Initiative, India • Saloni Malhotra, CEO, Desicrew • VK Madhavan, CHIRAG Start Up! also engages with a rich pool of specialist resource persons who work with us on a project-basis. Advisors Board: Taveesh Pandey Manisha Gupta ManagingDirector: Manisha Gupta Senior Consultant: Swati Awasthy Manager: Saloni Gupta Associate: Pallavi Deshpande Associate: Dipra Dey Senior Consultant: Supriya Dutt Sector Specialists(2) Summer Fellows (3)
- 16. Our Team Start Up! team: • Manisha Gupta • Saloni Gupta • Supriya Dutt • Summer Fellows from US business schools • Associate Legal Partner: • Clarus Law Associates CA Partner: • A.K Nair and Associates
- 17. THANK YOU