Over the past decade the social enterprise ecosystem in India has grown steadily, almost in parallel to ours in Britain. Like ours, the evolution of the ecosystem has been uneven, with a surfeit of subsidised capital for early stage start-ups, a splattering of incubation hubs and a small but expanding number of universities that have sought to embed social enterprise in teaching, research, and enterprise activities (or all three).
If London is the UK's social enterprise capital, then Mumbai is India's. The city's Tata Institute of Social Sciences (TISS) launched India's first masters programme in social entrepreneurship in 2007. Last year, it reached an agreement with the Development Bank of Singapore to fund an incubator and provide continuing financial support to its graduates. In a region where incubation for social purpose ventures has expanded over the past 10 years, but where social entrepreneurship has struggled to find legitimate recognition as a field of academic study, this unique combination of the two has served to make social enterprise a viable career choice for young graduates.