Under the banner of ‘Transforming India Initiative,’ a Hyderabad-based social enterprise, ALC, announced the launch of a two-year social entrepreneurship fellowship program. This program will cover topics like how to run an entrepreneurial venture and its experiences in depth. The program includes a six-month learning module followed by an eighteen-month experiential learning module with the founders of social enterprises themselves. The fellows will receive incubation and funding support for a period of six years to set up their own businesses.
CEO of ALC, during the launch of the program, said, “In the current economic scenario, entrepreneurs are the key to job creation. At the same time, they need to evolve solutions that can address the most pressing challenges facing the country today. With this program, we are looking for talented youngsters who have the passion for changing the world. And for this purpose, we will support them. Since its formation in 2005, ALC India, has impacted 65,000 households in 17 states through 300 projects.”
Initiatives like these should be encouraged worldwide to help give rise to startup projects which would not only boost the economy of a country but also provide employment options for the youth.
Source: Times of India
Contributor: Hafsa Ali