Jayashree Industries of Pad Man adjudged as the Social Enterprise of the year award
Hyderabad, October 11, 2021…..The three-day TiE Sustainability Summit (TSS) 2021 concluded recently
It concluded with the presentation of the TSS Social Enterprise Awards. 115 social enterprises were recognized and felicitated. 22% of the award winners were women entrepreneurs.
Jayashree Industries was adjudged as the Social Enterprise of the Year Award. This one social entrepreneur has given women from low-income groups in India dignity, by making it possible for them to afford to buy sanitary towels and provide them with an income at the same time. Arunachalam Murugananthamis the person who changed things. From a poor background in the South of India, he created the world’s first low-cost machine to produce sanitary towels.
The TSS Social Enterprise awards were aimed at recognizing social enterprises worldwide that are focusing on creating a tangible impact on society, communities, as well as setting an example by leading from the front. The social entrepreneurs who use their business processes, innovation, technology to solve problems defined in sustainable development goals (SDGs) defined by the United Nations including affordable and clean energy, agriculture, clean water and sanitation, climate change, education, healthcare, life on land, life underwater, livelihoods, poverty among others.
The criteria for selecting the award winners, according to Mr Kali Prasad Gadiraju, Past President of TiE Hyderabad was Current and Future Social Impact; Demonstration of Leadership, Alignment with SDG, Leadership Potential; Fundability, current funding; Vision and Growth so far; Revenue model and its long term sustainability; Value proposition, Differentiation and Intellectual Property etc.
These 115 were selected out of 30,000 social enterprises registered for the Summit. They were shortlisted in five different phases.
Awards were announced in five categories: TSS Social Enterprise of the year; TSS Transformational Social Enterprise of the year; TSS Innovative Social Enterprise of the Year; Emerging Social Enterprise of the year and TSS Women Social Entrepreneur of the year.
A certificate and a trophy will be door delivered to all award winners.
TiE Hyderabad is also planning to publish a small coffee table book highlighting the award-winning social enterprises and their journey. These coffee table books will be distributed to aligned partners, thus we will put them in front of the right partners, announced Mr Manohar Reddy at the concluding function.
The summit was included on a positive note. It was the world’s largest event in the Sustainability space has saw 40,000 social enterprises, startups and entrepreneurs attending from 64 countries. 30,000 out of 40,000 registered were social enterprises. It was a record and distinction, no one can boast of anywhere in the world.
In the words of Mr Gautam Adani, in his keynote address, “it is the largest entrepreneurship conference, and the largest ever gathering of social enterprises in the world. This is indeed the greatest platform for entrepreneurs”
The theme was aptly coined, ….where entrepreneurship meets sustainability. It had six tracks, 65 sessions, 225 speakers. 200 investors participated.
It was organised by TiE Hyderabad. The theme of the Summit is “where entrepreneurs meet sustainability.
H.E. Dr. Claudio Ansorena, Ambassador, Republic of Costa Rica; Mrs RonyYedidiaClein, Deputy Chief of Mission of Israel; Ms VeredMivtzari, EM Director, Startup Nation Central (SNC), Israel; Shri Jayesh Ranjan, IAS, Principal Secretary of Industries & Commerce (I&C) and IT, Govt of TS graced the summit. Shri Gautam Adani, Chairman, Adani Group addressed virtually. Ms Nikki Haley, Former US Ambassador to the UN give a video address
TiE Hyderabad and TiE Israel and Start-up National Central from Israel have entered an MoU for cooperation, collaboration and exchange on Agriculture, Water and other related sectors.
TiE, Hyderabad will be rolling out a $200 Mn to $300 Mn Social Impact Fund
TiE announced a rural innovators initiative. It is an initiative to nurture and to give a fillip to Rural Innovators and their Innovations. They have also announced Rs. 15crore grant money to support the initiative. A significant amount of this fund is already tied up, Mr Suresh Raju and Mr Kaliprasad announced. These funds will be deployed in rural areas, they added.
The TiE is always ahead of its time. We always work at a gross root level to make that much-desired impact. Towards this direction, the Rural Innovators program will go a long way, said Mr Manohar Reddy, President of TiE Hyderabad.
The TSS CEO Golf Tournament was organized at Hyderabad Golf Club as a run-up to the Summit.
Mr Suresh Raju, Vice President of TiE Hyderabad announced that TiE Hyderabad will be hosting the “TiE Global Summit” next year in December.
For more details about the company, please visit: https://hyderabad.tie.org/tss2021/