scale up

MIF SCALE-UP PROGRAM
Building social enterprises

The program is an intensive mentorship engagement, wherein the entrepreneurs work closely with MIF to ascertain and solve critical business challenges they face. The deep rooted mentoring comes from a domain expert (pool of Marico members, internal and external CXO’s, Industry Leaders and student teams from some of the top B-schools in India), who acts as a mentor for the scale up process. The mentors devote their time and experience in developing an implementable course of action. MIF helps replicate the successful prototype over a large scale. This entire process is monitored by MIF through pre-determined milestones. The engagement ends when the challenge is resolved and the organization is ready to scale up operations seamlessly.

APPLY FAQs

DEFINITION OF INNOVATION

At MIF, we believe Innovation is a new & unique solution to a problem OR a substantial improvement on an existing product, service, business process in a way that adds significant value to stakeholder(s) in the value chain.

MIF’s Scale-up program aims to help young ‘innovative’ organisations in accelerating their growth through what we call ‘deep rooted and intensive mentoring’.

We evaluate the organisation on these parameters before getting them on-board on our Program –

Innovation: Is there innovation in the product / service / business process or model?
Impact: Is there substantial impact / value being created from the organisation’s operations?
Scalability: Are the operations scalable and sustainable in the longer term?
Management: Is the Founders’ / management’s attitude and intent in the right place?

CYCLE OF ENGAGEMENT

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Identifying critical business / operational challenges

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Seek insights through mentors and domain experts

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Design prototype of solutions with mentors & domain experts

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Implement solutions identified in the business / operations

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Collaboratively review implemented solutions, improve & Scale Up