BTM Agrim Selects Mahakash Limited to Its Incubation Center.Company Plans to Develop Innovative Model for Power Distribution STAMFORD, Conn. & LONDON -- BTM BTM See: Book to market. Agrim, a subsidiary of BTM Corporation, is pleased to announce selection of Mahakash Limited to its Incubation incubation /in·cu·ba·tion/ (in?ku-ba´shun) 1. the provision of proper conditions for growth and development, as for bacterial or tissue cultures. 2. Center. Mahakash is developing an innovative new business model for distribution of electricity through the use of fuel cell technology. BTM Agrim (pronounced o-gry-m) innovates social business models by converging business and technology through its solution and incubation centers. The BTM Agrim Incubation Center draws upon BTM360(TM) - the proven management framework and analytics of BTM Corporation - for business model innovation, on-demand entrepreneurial experts, and best practices derived from diverse social business successes and the global academic community. BTM Agrim will work with Mahakash to define the architecture, go-to-market strategy, commercialization, and investment management of the project. The initial incubation effort for Mahakash is comprised of a phased-out package of a CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. grant, a soft loan and quasi-equity disbursements that will see the project through its various stages. BTM Agrim is also working closely with the University of East London (body, education) University of East London - (UEL) A UK University with six academic Faculties: Design and The Built Environment, East London Business School, Institute Of Health and Rehabilitation, Faculty Of Science, Social Sciences and Technology. http://uel.ac.uk/. Knowledge Dock Business Incubation Centre and the London Development Agency The London Development Agency (LDA) is the Regional Development Agency for Greater London, England. It is a functional body of the Greater London Authority. Its purpose is to promote London's economy. . Expressed by Farhad Mahmud, Managing Director of BTM Agrim, "More than 50% of the developing world does not have access to electricity. Mahakash intends to challenge the traditional distribution paradigm by creating a new franchise model based on fuel cell technology that can open up the possibility of power distribution in remote areas." "This new type of business, called the 'social business' or 'social enterprise,' is a hybrid of for-profit and not-for-profit organizations. In fact, it might be considered the ultimate innovation and adaptability challenge," said Faisal Hoque, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BTM Corporation. BTM Agrim's Incubation Center provides a multi-disciplinary collaborative environment for social entrepreneurship Social entrepreneurship is the work of a social entrepreneur. A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change. that leads to significant changes in the social, political and economic contexts for poor and marginalized groups. It drives core innovations, leadership, organization, and upward scaling by converging business and technology. About BTM Agrim BTM Agrim, a subsidiary of BTM Corporation, innovates social business models by converging business and technology. The solutions of BTM Agrim create concept to commercialization of products and services by working with Global 2000 companies, governments, NGOs and social entrepreneurs A social entrepreneur is an entrepreneur who works to increase social capital, often by founding humanitarian organizations. Historical examples of leading social entrepreneurs
For more about BTM Agrim, visit: http://btmagrim.btmcorporation.com/Home/. For more about BTM Corporation, visit: http://www.btmcorporation.com/Home/. |
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