Engineers for Social Impact
A unique fellowship program which connects budding engineers with for-profit social enterprises
A few weeks ago, Nitin Rao, a friend and a fellow Bangalorean, contacted me to inform about the launch of ‘Engineers for Social Impact’ (E4SI), a unique fellowship program which intends to connect talented Engineering students from some of the best Engineering schools in India with for-profit social enterprises. I should have posted about E4SI a couple of weeks earlier since the application deadline for this program was 2nd March 2008. Nevertheless, E4SI is an exciting program and I am sure many of you would be interested in reading about it.
Every year, more than 400,000 Engineers graduate from about 3500 Engineering schools in India. However, many of them tend to take up jobs in traditional sectors such as IT and Manufacturing and very few of them are aware of the exciting opportunities that are emerging in the social enterprise sector. E4SI, launched by a group of enthusiastic youngsters led by Nitin, is aimed at addressing the problem of talent crunch among for-profit social enterprises in India. The program is also aimed at providing hands-on social enterprise work experience for current engineering students and it creates awareness of emerging opportunities in the development sector.
E4SI is a highly selective program which accepted applications only from students of a selected group of top Engineering schools (five IITs – Delhi, Bombay, Madras, Kanpur and Kharagpur, three NITs – Surathkal, Warangal and Trichy, BITS Pilani and NSIT Delhi) this year. Five fellows will be selected out of the applicants and they will be placed in partner for-profit social enterprises – Vaatsalya Healthcare, SELCO, Ujjivan, Intellecap and iDiscoveri – for internships. The program boasts of a group of accomplished advisers and the selection process will be conducted by a panel of experts with degrees from London School of Economics, MIT, Yale and Michigan.
Nitin, who himself interned with a for-profit education start-up last summer, is yet to graduate from his Engineering program at NIT Surathkal but has already accomplished a lot in the social enterprise sector (check out his amazing profile). I wish him and his team the very best for this initiative.
tata nano car
The car's trial production at the Singur plant could begin this month or in early August
A big jump in raw material prices since development on the vehicle first began in 2003 and company's decision to hold on to the Rs1 lakh price at the factory gate are huge factors in fixing profitability, they said. All said that the car was unlikely to contribute to the company's fiscal 2009 results, typical when new models are introduced by a car maker. “The break-even depends on the realization and product mix,” said Vaishali Jajoo, analyst with Angel Broking Ltd, Mumbai.