Asia Centre for Enterprise
Atlas Economic Research Foundation and Centre for Civil Society are launching a social change seed fund to identify and support individuals and organisations that promote liberal ideas and policies in Asia. The fund, Asia Centre for Enterprise (ACE) will play the role in Asia that Atlas Foundation plays globally, acting as a mentor and intellectual angel investor.
The main objective of ACE is to provide encouragement to young idealists and activists who are able to take or develop projects under their leadership and are able to execute them. Grants will be awarded to promote liberal philosophy as well as solutions to the social and economic problems, including in the fields of Education, Livelihood, Environment and Governance.
ACE will act as an angel investor offering training and guidance to liberal intellectual entrepreneurs to build and scale their organizations. By building a network of liberal idea leaders, ACE will foster a platform that leverages global experience and expertise to mobilize Asian social entrepreneurs to become change agents.
Grant applicants, who could be individuals or young organizations, will be tested on an action plan showing how they would address the problem with a liberal approach and how they would create a sustainable solution. Depending on the project, the grant would be anything from Rs 50,000 to Rs 500,000 ($1000 to $10,000) for the term up to 18 months. The intellectual entrepreneurs that may be incubated and supported by ACE don’t all have to be think tanks or policy activists; they could be documentary makers, playwrights, or indeed teachers and professors that use other forms of discourse through which they can take the message of free minds and free markets to a larger audience.
Through an active search and educational agenda, ACE will:
- Search for young people who could be candidates for intellectual entrepreneurship, committed liberals who have good ideas and willingness to implement projects;
- Organise programs to develop their understanding, capacity and skills through seminars/ colloquia/ training workshops/ freedom fests; and
- Identify who among them are talented, enterprising and committed and award them ongoing support and bring the successful achievers to the Atlas global network.
ACE will encourage students, faculty, and young professionals in journalism and media, economics and humanities, as well as various forms of art to promote liberal initiatives across India and Asia. Those who have already decided to work in the field of social change, we shall introduce them the liberal approach and support their initial projects through seed capital grants, and help convert them into viable programs and institutions in their own right. This way, we build up an army of Intellectual Entrepreneurs in Asia!
ACE is hiring. Check out current openings!
Fuelling the fire
by Anita Krishnan | 05 May, 2013Nepal Oil Corporation (NOC), which is the only corporation responsible for the smooth flow of petroleum products in Nepal, also happens to be the government’s largest borrower. It currently shoulders a debt of Rs 16.52 billion and had a cumulative loss of Rs 12.99 billion by the fiscal year 2010-11. Besides this, NOC has an outstanding loan to pay to banks and other financial institutions amounting to Rs 23.23 billion. There have also been several cases where the government has provided billions to NOC to clear its debts with the Indian Oil Corporation.
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