Infosys's - InfYi to promote Social Entrepreneurial dreams
Infosys has taken a step ahead and formed "InfYi", a new initiative within the company through which it will support, and in some cases fund, ideas on social entrepreneurship and convert them to viable business plans.
As stated in The Economic Times,23rd May 2007:
As stated in The Economic Times,23rd May 2007:
The initiative, called InfYi will function as the corporate chapter of the Young India initiative started by the Confederation of Indian Industry. Reflecting that charter, all its members below the age of 35 will be Infoscions.Read the complete article here
The stress won't be on funding but to provide guidance to the Entrepreneurs. Based on the inputs that a project or idea needs, a senior council member will contribute to it. The projects could be in youth affairs, education, healthcare, economy or any other socially-relevant area. So far, InfYi has received 13 project ideas. Three of these will be shortlisted taken from concept to execution. They will be put through the paces by a team which has worked out how to capitalise on opportunities and survive downturns.
Labels: Entrepreneurship, Funding, Technology
posted by Himanshu Sheth @ 5/23/2007 10:22:00 AM
6 Comments
6 Comments:
Oh.! the article is very well and more useful to any body. To get knowledge about the business ideas visit the site business ideas for 2007
Thats actually quite a good piece of information Himanshu.
This will definitely fuse in quite an enthusiasm in the entrepreneurial kids around.
One thing to watch however is how innovative concepts really take off from such a venture. This is Infosys - an Indian face, which is very very bureaucratic in nature.
Hey Piyush,
We need to check how well this will pick up and also how much would the Infosys management guys contribute to this idea and till what extent?
-Himanshu
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