Foundation for Innovation and Social Entrepreneurship
The core focus of FISE is on the emerging trend of social entrepreneurship and leverage the quantum of available funding to create a much higher social return. This allows philanthropic capital to fund organisations that are willing to define and accept a stringent impact target. Since these organisations aspire to become self-sustaining through their revenue generating models, it is important they are structured in the similar legal, commercial and corporate governance frameworks as applicable to the traditional for profit business. Infusing business management principles and practices into traditional non-profit sector allows the philanthropic capital to demand a higher social return on their capital allocations.
- Programmes: India Innovation Growth Programme 2.0 (IIGP 2.0) - The IIGP 2.0 is the only public-private partnership of its kind that will invest in over 50 social and industrial innovations, train innovators in world-class commercialisation strategies, offer opportunities for incubation and assist in business development. IIGP 2.0 aims to nurture the Indian innovation ecosystem and contribute to the Government of India’s missions of “Make in India” and “Start-Up India” through a tripartite partnership between Government of India’s Department of Science and Technology, Lockheed Martin and Tata Trusts. Tata Trusts through its Foundation for Innovation and Social Entrepreneurship (FISE) will accelerate and innovate selected innovators, to implement social innovations and provide infrastructure assistance to scale up. It aims to enable entrepreneurs to develop technology-based solutions for the society, as well as to accelerate innovative Indian technologies into the global marketplace through assisting incubation, teaching excellent commercialization strategies and providing elite business development assistance.
Tata Trusts have supported the formation of the Foundation for Innovation and Social Entrepreneurship (FISE).