Jamshedpur: XLRI, Jamshedpur and Santa Clara University (SCU), California, USA, have signed an MoU to promote and foster social entrepreneurship in India.
According to the MoU the two institutes have decided to collaborate where XLRI will be the Indian partner to manage and support Global Social Benefit Incubator (GSBI), the signature programme of Centre for Science, Technology, and Society of Santa Clara University.
However the GSBI is a globally-known incubation programme, which was started by the Santa Clara University in the year 2003. Every year, GSBI screens and selects about 15-20 social ventures from across the globe, and incubates them by providing technical inputs, mentoring support and some grant to make them investor-ready.
On the other hand as GSBI's Indian partner, XLRI Jamshedpur will identify and recommend Indian social entrepreneurs to GSBI for incubation, and access to seasoned Silicon Valley mentors.
In addition, XLRI will also partner with SCU to conduct due-diligence on the Indian applicant to ensure appropriate potential and quality.
Along with this XLRI and SCU also plan to collaborate to develop case-studies of the GSBI's Indian alumni ventures.