May 23, 2007

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:
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.

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.
Read the complete article here

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At May 23, 2007, 12:32:00 PM , Anonymous Jimm121 said...

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At May 25, 2007, 1:04:00 AM , Blogger Piyush said...

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.

At May 27, 2007, 4:22:00 AM , Blogger Himanshu Sheth said...

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?


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