Aashray - Promotion of Social Enterprises Foundation (Aashray Incubator) is a platform for supporting technological and social ventures. Its objectives are aligned with, and strengthen Government of India's policies/ imperatives and initiatives such as "Make in India" and "Start-up India, Stand up India", which are focussed on nurturing start-ups and entrepreneurs. It is an exceptional techno-social business incubator because of its focus on social impacts of technological and social innovations, especially in the lives of people at the median and bottom levels of the economic Pyramid.
Incube Ventures and Saath Livelihoods have promoted Aashray Incubator together with knowledge partners - Entrepreneurship Development Institute of India (EDI) and Ashoka India for promotion of innovations, setting up of social enterprises, and scaling up of innovative ventures and technologies. Aashray Incubator has adopted the following approach for supporting technological and social entrepreneurs from varied sectors:
- Collaborate with research, development and educational institutions to optimally utilise each entity’s respective strengths to enhance the incubation ecosystem.
- Facilitate the financing of start-ups and accelerators through the Aashray Endowment Fund.
Aashray Incubator has been recognized as a Techno Business Incubator (TBI) by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science & Technology (DST), Government of India. DST has also authorized Aashray Incubator to accept CSR grants.
Aashray Incubator, was incorporated as a Section 8 Not-for-Profit Company on 30 July 2014, and possesses registrations under Section 80G and Section 12AA of the Income-tax Act 1961 - thereby making donations to the Aashray Endowment Fund tax deductible.
Aashray - Promotion of Social Enterprises Foundation (Aashray Incubator) has been approved as a Nodal Institute by Government of Gujarat under the Start-Ups/ Innovation Scheme.
The Aashray Endowment Fund provides individuals and organizations opportunities to participate in the process of incubation of social enterprises - a national priority.