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YES FOUNDATION Accelerator launches Cohort 1 – 23 Social Enterprises shortlisted

  • 23 Social Enterprises & NGOs were shortlisted from 11,500+ submissions

  • INR 7.5 Crore Grant & 3-year accelerator support awarded to selected organisations

  • INR 10 lakh awarded to top 20 youth social filmmakers

  • Golden Tickets to 27 organisations to facilitate them with mentorship & funding in addition to YES FOUNDATION support¿

September 21, 2018, Mumbai: YES FOUNDATION, the social development arm of YES BANK has selected 23 social enterprises and NGOs for the inaugural cohort of YES! i am the change (YIAC) Grant & Accelerator program. The shortlisted enterprises were awarded a Grant of INR 7.5 crore along with 3-year accelerator support at the annual YES! i am the CHANGE award ceremony held in Mumbai.

The accelerator will support social impact organisations working on Sustainable Development Goals (SDGs) with scalable solution models, helping them achieve higher efficiency and scale, thereby maximising impact. Towards the same, YIAC Grant & Accelerator program partnered organisations such as Our Better World (Singapore), Thomson Reuters Foundation, Asian Venture Philanthropy Network (AVPN), Start-Up Oasis, Upaya Social Ventures, DHFL and NASSCOM Foundation. 27 organisations were also given Golden Tickets from jury members that enables them to access funding, mentoring and support in addition to YES FOUNDATION support.

(L-R): Prerana Langa, CEO, YES FOUNDATION; Arnab Goswami, Founder & MD, Republic TV; S L Kapur, Chairman, Governing Council, YES FOUNDATION; Shri. Subhash Chandra, MP, Rajya Sabha; Francine Pickup, Country Head, UNDP India; Amruta Fadnavis, W/O Hon’ble CM of Maharashtra; Bindu Rana Kapoor, Member, Governing Council, YES FOUNDATION; Radha Kapoor Khanna, Founder, DO IT Ventures; Namita Vikas, Member, Governing Council, YES FOUNDATION; Roshni Kapoor and YES! i am the CHANGE grant winner (Centum Foundation)

These enterprises were shortlisted through a rigorous 3-step selection process. The challenge received an outstanding response of over 11,500 submissions, out of which 714 organisations were shortlisted to submit project proposals for the Grant and Accelerator program. Post evaluation proposals, top 60 organisations were further nominated for final round of the jury pitch to select the final grantees.

The award ceremony also witnessed felicitation of 20 youth filmmakers selected by a 6 member national film jury comprising of Shabana Azmi, Indian Film Actor; Ally Derks, Founder, International Documentary Film Festival, Amsterdam; Paul Pauwels, Director, European Documentary Network amongst others. The top 20 winners were awarded cash prizes up to INR 10 lakh.

Prerana Langa, CEO, YES FOUNDATION said, “India is in a revolutionary phase with the nation’s youth driving social impact by developing innovative solutions to social challenges. Through YES! i am the CHANGE, we are delighted to provide a platform to young changemakers and development sector organisations to accelerate and maximise their social impact.”

Chief Guest, Shri. Subhash Chandra, Hon’ble MP, Rajya Sabha said,” “I congratulate all the winners of YES! i am the CHANGE who have made social films with the purpose of creating a national difference. YES FOUNDATION and Mr. Rana Kapoor have done remarkable work in these five years.”

Francine Pickup, Country Head, UNDP India, said “India represents innovation and change. We need to tap into entrepreneurship and youth to accelerate and achieve the Sustainable Development Goals. YES FOUNDATION’s engagement with youth and social impact organisations to develop innovative and sustainable solution models is highly commendable.”

The Grant & Accelerator program is part of YES FOUNDATION’s flagship YES! i am the change program, launched in 2013 to inculcate the spirit of responsible youth citizenship and drive positive social action through the impactful medium of films.

About YES FOUNDATION:

YES FOUNDATION is the social development arm of YES BANK and works towards a vision of an empowered and equitable India. It focuses on stimulating entrepreneurship and innovative use of media initiatives for social transformation, to enable India’s inclusive growth and development.

About YES BANK

YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

For more information, please visit the Bank’s website at http://www.yesbank.in/

For media queries, please contact:

Mukul Gautam
YES BANK
Email: mukul.gautam@yesbank.in

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Jyothi Goswami
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