Adani To Institute Prize for Social Enterprise

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The Adani Prize for Social Enterprise was established to promote businesses that help people in India and other developing nations improve their lives. A panel of famous people will select five social entrepreneurs each year who would get up to Rs 5 crore in funding.

The Adani Prize will be India’s most important annual prize for social entrepreneurship.

The Adani Group, India’s fastest-growing conglomerate, will establish the Adani Prize for Social Enterprise, the country’s largest annual social prize. Mr Gautam Adani, Chairman of the Adani Group, made the announcement at the first-ever Adani Green Talks, a talk-series initiative designed to give social entrepreneurs a forum to showcase their ideas and gain support for their work.

The Adani Prize for Social Enterprise will be given to five outstanding social entrepreneurs for their effect in India and other developing countries starting in 2022. The Adani Prize will give the five selected social enterprises a total of Rs 5 crores in investment. An international jury of distinguished persons from several sectors of expertise, including science, business, and governance, will select the winners.

“I am humbled by how social entrepreneurs devote themselves to the difficult, often underappreciated but essential work of helping those who are less privileged. While we must invest heavily in enabling the transition to a greener, low carbon world, that transition must also include plans to enable the social upliftment of people. The green shoots of recovery for the planet can be truly green only if we create a climate of faith and optimism for even the world’s most socially deprived people. I am optimistic that the Adani Prize and the Green Talks series will lay the foundation for this process of discovering social entrepreneurs who are making major impacts and help to fund their best ideas,”

said Mr Gautam Adani, Chairman of the Adani Group. 

Several partners, including corporations, will be invited to join an initiative to develop a joint fund for social entrepreneurs, which will help to increase the number of projects that can be sponsored. As a first step, the Group will launch an open-source innovation platform that will serve as a unifying force for the best ideas from social entrepreneurs around the world.

Five social companies were honoured today at the Adani Green Talks in Ahmedabad, after being chosen from over 25,000 social enterprises that took part in the 2021 TiE Sustainability Summit in October. Pad-Man, healthcare pioneer iKure, prosthetics technologist RoboBionics, automation developer GenRobotics, and DharaviMarket founder Megha Gupta were among those in attendance. Several luminaries, including Costa Rican Ambassador Dr. Claudio Anso Rena and Israel’s Deputy Ambassador Ms Rony Yedi Dia-Clein, attended the first-ever Green Talks.

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