Impact Bangalore Report Preview 150dpi

8/12/2019 Impact Bangalore Report Preview 150dpi

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A study of the early stage entrepreneurshipin impact ecosystem

A Sulochana Development Trust Project

2014

IMPACTBANGALORE


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INDEX

Preface ..........................................................................................................

Entrepreneurship, Impact and Ecosystem ................................................

India Story....................................................................................................

Bangalore and Beyond..............................................................................

Stakeholders and Conversations..............................................................

Funds .................................................................................................

Trusts & Foundations............................................................................

Incubators/Accelerators.......................................................................

Networks & Platforms...........................................................................Corporate Sector............................................................................

Social Sector..................................................................................

1

4

10

24

32

34

47

53

6579

89

Impact Bangalore Event: Entrepr

Education in Entrepreneurship...

Co-Working Spaces, Movements

Alternative Models of Developm

Exploring the Role of Industry an

Impact Investing: Our Learning..

Evaluating Models......................

Way Forward.................................

Global Relevance of the Study..

Asia Relevance of the Study.....

Recommendations and Conclus


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Impact Bangalore Report is one among thefirst impact ecosystem studies of a city in India.Bangalore is the city of our choice since it is theunofficial startup capital of India and the IT boomof the last decade has given Bangalore a vibrantstartup ecosystem. We felt there is a strong needto understand and document the dynamics of thisecosystem.In January 2012 the idea of bringing the Hub (nowImpact Hub) to Bangalore was floated. Impact Hubis an international network of co-working spacesthat are part innovation labs, part incubators andpart community centers. When talks of a BangaloreHub began, we applied and became the HubBangalore Candidate Team.

We initiated a feasibility study to examine theviability of bringing the Hub model to Bangalore.We mapped the startup ecosystem - both thecommercial and the social ecosystems - and spoketo key ecosystem stakeholders about the Hub

network and model. While there was widespreadacceptability of the idea, what seemed unviablewere the model and the fee structure. There wasan almost unanimous rejection of the modelprompting us to relook at the study.

During this time, our team of four had grown tobecome nine people who had leveraged theirnetworks and initiated deep conversations withdiverse stakeholders. We concluded that while thecommercial startup ecosystem had naturally taken

PREFACE

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centre stage, there was emergence of an impactecosystem which also needed due attention. Wewere also curious to know whether the impactecosystem was mere hype or was it for real.Thus, we began the process of investigation. Ourattempt in this project was to go beyond the factreporting work done in previous market s tudies,and share ground realities and local stakeholderperspective. We also wanted to understandthe players, regional as well as national, in thisecosystem, what challenges and opportunities dothey see, and how they want to/are influencing theecosystem. Interestingly, the insights in this reportare not just about what views we have shared butalso how these stakeholders think/approach theirinvolvement in the ecosystem reflecting the currentstate of the ecosystem.

We started with primary research, organized afew events and participated in events organizedby other communities. We mobilized peers andfriends, and met and spoke with over 50 key

players in Bangalore - startups, social enterprises,NGOs, incubators, accelerators, impact investors,funds, foundations, mentors, online communities,support organizations, academic institutions, co-working spaces, industry bodies, philanthropists,and corporates.

In the following pages, we will profile some ofthe key stakeholders and our conversations withthem. We will also cover our research findings, ourcandid observations of people and trends, and of


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WAYFORWARD

ENTREPRE

IMPAND ECO


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INDSTO


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BANGAAND B


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STAKEHAND CONV


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STAKEHOLDERSAND CONVERSATIONS

In conversation with

REPRESENTATIVENAME

Organization Profile

Conversation highlights

Position within the organization

Sector

Website

Organization

Quote by representative

In the months from February to September 2013, we met and spoke with over 50 key players in Bangalorestartup and entrepreneurial ecosystem to understand from them the specific gaps and challenges they copeor identify with and the probable solutions they offer to help make this ecosystem, a robust one.Following pages cover the synopsis of our conservations with each category of ecosystem players and thekey learnings derived.

Stakeholders and Conversations

Entrepreneurial

Ecosystem(Bangalore)

Funds

Incubators/Accelerators Networks and Platforms

Corporate Sector Social Sector

33


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IMPEVENBANG

AND ENT

ENTREPR


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EDUCAIN ENTREPR


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COWO

MOVESPA

AND E


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ALT

OF DM


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EXPLORING

OF INDUSTRYTHE ROLE

AND GOVERNMENT


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IMPACTOUR LEARNINGINVESTING:


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EVALU

MOD


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Global relevance of the study

The study of Bangalore ecosystem would berelevant to organizations/ecosystem players inother countries:

A broader view of Bangalore as a city, thekind of organizations and ecosystem playersthat currently exist in India. A better in sighttowards the current gaps/challenges in the

city and impact sector, mindset of individuals/organizations and potential opportunities.

Organizations that want to get involved withthe Bangalore ecosystem, in startup culture,social sector and enterprises. The potentialengagement could be for impact investments,project opportunities, collaboration with localplayers and market understanding.

This study format/approach can be applied toecosystem study of cities across the world tounderstand their local market better for newopportunities. The impact criteria of social,economic, ecological and cultural context canbe applied to any city/region for a more holisticview of opportunities and challenges in thelocal ecosystem.

It is a challenge for the outsider view orapproach to understand Bangalore, or anyparticular ecosystem from the local perspectiveof the city or country. Many organizations/individuals find it confusing/unclear of how tobring positive intervention to local communitieswithout creating imbalances. In its currentstate, it can be complex to navigate throughecosystems in India with such diversity to findrelevant opportunities or collaborate with

aligned organizations. Study of this naturehelps to understand how the organizations/individuals involved in this sector view theirown ecosystems challenges and opportunitiesas survey, statistics or market research givelimited view about the local perspective. Therole of facilitation can be great/relevant to playfor international organizations in Bangalore

ecosystem that can push Bangalore towardspositive impact and development path.

To build long-term strategic partnershipsbetween two ecosystems, we need active localgovernment or country level exchange programbetween sectoral leaders to build collaborativeplatforms. Content, knowledge exchange, andproject collaboration between two ecosystemsfrom different sectors can demonstrate howin pilot entrepreneurship, impact can beaccelerated. Example: Australia India YouthDialogue is an impactful initiative to promotecollaboration between the two countries bybringing young leaders from diverse sectors toconnect and explore opportunities between thetwo countries.

Potential soft landing into Bangalore ecosystemfor business has immense opportunities.Collaboration and project pilots can helpinternational organizations to navigate and findtheir comfort footing in the ecosystem.

Source: www.aiyd.org/

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Asian relevance of the

We wanted to highlight the potential regionalrole the Asian continent can play by engagingthe entrepreneurial capital of India. The Asianregion we will refer below would include SAARCcountries, Middle Eastern countries, South EastAsia and East Asia. The highlights are:

This study could be replicated to otherecosystems in Asian cities to understand themarket better before strategic and businessdecisions are taken. The impact criteria ofsocial, economic, ecological and culturalcontext can be applied more easily in manyAsian countries as some of these countriesshare historical, social or cultural values andpractices with India.

The Bangalore ecosystem study can be appliedto spawn models of collaboration with anothercity in Asia. Interestingly, the context andscope of collaboration between Bangalore andmature ecosystems such as Singapore and TelAviv would be different from that with evolvingecosystems such as Dubai, Bangkok, Jakartaand Manila.

Bangalore impact ecosystem has the potential

to share its learnings, experiences and modelswith smaller countries in the SAARC region.Due to geography proximity and commonsocio-cultural ties, we can pilot ideas andmodels in countries such as S ri Lanka, Pakistan,Afghanistan, Nepal, Bangladesh and Myanmar.The ideas can be in the form of co-workingspaces, incubators, workshops, peer exchangeprograms and we have few examples already incountries like Bangladesh and Nepal. Extendingthe tech startup culture to these ecosystems isalso a possibility.


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Recommendations

We have previously covered key takeaway andobservations in each section of the ecosystemstudy that can be relevant as per the interest ofthe reader. As part of the way forward, the teamhas compiled the top 10 recommendationsfor Bangalore ecosystem amongst many othersuggestions mentioned previously. Theserecommendations are not in any order/ ranking

of priority.


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IMPACTBANGALORE

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