Incubator - UnLtd India
UnLtd India is a section 8 organisation focused to find, support and grow early-stage social entrepreneurs who can build high-impact organisations and grow as catalysts for social change. Founded in 2008, they have incubated 234 social enterprises so far with an average intake of 25 startups every year.
They support early-stage social entrepreneurs in the first 0 – 5 years of their lifecycle. They have currently worked with social entrepreneurs across all sectors: Agriculture, Livelihoods, Education, Environment, Sports, Gender Equality, Health & Well-being, Energy, Water & Sanitation, Financial inclusion, Inclusive Development, and Housing.
Their incubatee model profiles consist of:
- 54% Not-for-profit
- 38% For-profit
- 8% Hybrid
UnLtd India looks for the following in a startup:
- Ideas that are focused solutions to fit specific social problems, address an unmet need or under-served sections of society.
- Ideas that have the potential to create long-term and sustained impact within their communities, at a city/state level and at scale.
- Look for individuals who are open to feedback and can gain from non-financial support.
UnLtd India emphasises on leadership and venture growth. They help startups set milestones and a roadmap to achieve the same. This is done through workshops, building network and partnerships and measuring impact.
They have created programs for the specific need of the funder. It normally entails understanding the problem statement, scouting for innovations in the space, extensive selection process and finally incubate the innovation through its journey. They recommend funders to be actively involved in every stage of the program.
Some of UnLtd India’s supporters include Dasra, Rockefeller Foundation, UK India, EdelGive, KPMG, Bajaj, GIZ, ICICI, JP Morgan and so on.
Some of the startups UnLtd India has incubated (waste management space) include Phool, Aarohana, Sampurnearth, Raddi Connect, etc. 78% of their social entrepreneurs have continued to scale up and raised INR 7500 million in follow on funding.
HQ: Mumbai, Maharashtra