ISB Envision is an initiative undertaken by ISB in collaboration with the US Consulate General in Hyderabad. It is a nation-wide accelerator program to identify promising start-ups that are leading the charge on innovation and excellence. The program is designed by the Center for Innovation and Entrepreneurship (CIE) and its incubation arm, DLabs at ISB that looks to nurture and support start-ups that can bring about real change in various areas like smart cities, climate change, education and women’s empowerment. The point of this initiative is to create socially responsible entrepreneurs who look to bring about sustainable change in the country.
The US consulate’s involvement is part of their commitment to strengthen US relationships in India. Under the leadership of Consul General Katherine Hadda, the United States Consulate General in Hyderabad works toward fostering U.S. interests and the U.S.-India bilateral relationship in the states of Telangana, Andhra Pradesh and Odisha. This is achieved by participating in cultural relations with government officials, the business community, and the general public.
ISB Envision has two categories: Start-up Initiate and Start-up Advance. The Initiate category is primarily for the student domain where students are invited to create business plans to tackle the challenges faced on a daily basis. Advance is for start-ups in the Social Innovation and Technology Domain which have been in business for 6 months and above. The idea is to be able to mentor and provide opportunities of funding and growth.
In each of the categories, 10 start-ups will compete for the coveted 5 positions that will attend a three month boot camp, mentorship programs and access to Angel and VC funds. The members will also receive guidance from mentors and the ISB alumni network.
Dean Rajendra Srivastava said that the initiative was founded with the idea to help entrepreneurs develop creative solutions to challenges and opportunities in the economy, overcome problems facing society and create value for the country and our people.