Speed

SPEED Refining social entrepreneurship ideas

Profit should not always be the only motive. ‘Doing good’ should also hold an important place in a company's business strategy.

Deloitte’s Human Capital Trends study has revealed an interesting finding - A whopping 86% of surveyed millennial respondents said that the success of a business should be measured in terms of more than just financial performance. In simple words, an increasing number of the global population now believes that the head honchos should do the right thing when it comes to handling social issues. Profit should not always be the only motive. ‘Doing good’ should also hold an important place in a company's business strategy.

SPEED With An Aim

SPEED has been initiated by the GDP Foundation to build, test, and refine social entrepreneurship ideas. It is a platform designed to support the collaboration of undergraduate students (Arts, Commerce & Science), SHG (Self Help Groups), NGOs, and Industry such that it creates livelihood, entrepreneurial opportunities, and CSR in one go. SPEED aims to make this happen with minimal investment or borrowing. The GDP Foundation has been implementing SPEED internally right from its inception.

SPEED Social Startup Bank

The GDP Foundation is always on a lookout for fresh ideas that can change the world. Currently, GDP Foundation has 68 potential projects that have immense potential to spring up as social startups.

SPEED-ing past Year One

A year into our philanthropic venture GDP Foundation has achieved several milestones focusing on initiatives that have started reaping benefits to the society. We have invested time & effort to utilize resources to transform social capital to affect society positively. Social start-ups/entrepreneurs are mentored to understand how a social issue/problem can lead to innovations to maximize social satisfaction. Parivartan Karo Na contest initiative leads to incubation of the participants who are now ready to be featured as entrepreneurs. SPEED @ GDP now focuses on their development by networking and collaborating to convert them into profit-making social enterprises.

The Atma Nirbhar Bharat mission of our Prime minister envisions a growth trajectory to Made in India, which will foster the growth & development of the social start-ups. Growth & Development Platform Foundation (GDP Foundation) thrives to capitalize on this opportunity and contribute to the mission of Atma Nirbhar Bharat.

MR. PARAG VELUSKER Trustee, GDP Foundation