Niraj: Welcome to Foundations TV. Today
we will talk about a very interesting topic, a topic that impacts all of us
living in this community, in this society. We are going to talk about Social
Entrepreneurship. Social Entrepreneurship is very unique, in a way that it’s
success is measured on two dimensions. The first dimension being, its positive
impact on society and the community and the second dimension being, obviously,
the financials. This is very different from a business entrepreneurship, where
the success is primarily measured on profit and loss of the venture. So, with
that background, I would like to invite in our studio Mr. Satish Jha, who has
been a serial entrepreneur as in a corporate entrepreneur, a business
entrepreneur as well as a social entrepreneur. He has worked in 5 continents,
was most recently the chairman of “One Laptop Per Child” initiative in India
and most currently is working on is latest social entrepreneurship venture
ECCO. With that, background I would like to welcome Satish.
Satish: Thank you very much. I am happy to
be here.
Niraj: So, Tell us more about ECCO. What exactly are you doing? I have read something about it. It sounds like an interesting concept. Do share with our audience, the background, the motivation behind such an initiative and what is the path you are treading with this.
Niraj: So, Tell us more about ECCO. What exactly are you doing? I have read something about it. It sounds like an interesting concept. Do share with our audience, the background, the motivation behind such an initiative and what is the path you are treading with this.
Satish: In my journey to take ‘One Laptop
Per Child’ to every State, every entrepreneur I knew, and virtually everyone in
the past 5 years that I did that, I realized that India had not created a
product in 60 odd years of its freedom. Early,
in the 90s I had been a chairman of a product creation company, I knew it was
very very difficult, and that’s why India had not done that. But after seeing
OLPC , my thought changed. I thought
that if you can take the principles of OLPC, perhaps you can create something. I
met some people and they were thinking along those lines independently of us.
One investor told me that ‘someone I know has a similar passion as you have
about creating something Indian’. So when the founder came and met me, I was
totally surprised and pleasantly shocked to see this product concept. When I
saw this for the first time, I thought that if this is true, then we can
actually do something in India, where we can imagine, design, manufacture and
create in India. A product that is made in India but make it world class.
Niraj: Really? All global standards
Satish: Exactly. And not only that , but
in every area, we stretched the boundary, stretched the frontiers. Whatever the
solar lamp specs were in the world, this one went a step better. To the extent
the International Corporation of Finance said, ”It is one probably of the finest
solar lamps in the world” And that too designed in India. That is what got me
hooked. And they asked me to join them on the board and finally couple of
months back, made me the chairman because most people don’t understand what product
creation is, it’s complexity. They usually don’t have time to, as they are busy
doing what they do. It’s not that they can’t understand, it is just that this
requires time. Product creation process is difficult and complex and there is
investment required and time is needed for that. Nobody wants to invest in
design in the trader mentality and trader phase. When you approach people, they
say, ”How much can you make and in how short a time?” But this required lot of time. It took almost 2
-3 years, along with couple of million dollars investment. So you have to find
investors to do that. When I saw this, I said, “Now India is entering a new
phase.” And so here I am.
Niraj: So, Given the fact that India has
not designed, produced and manufactured a product solely in India, and you were
the first one, I’m sure you would’ve come across some challenges in terms of
finding the right skills, right mentality, investors etc. So, what were those
challenges to reach to this stage?
Satish: I think first thing is that they
are exceptional people. So this team is of exceptional people. Bowny is the
guy. He is an absolutely exceptional person. He has done a few things before in
life. They were all exceptional. He did not want to leave India. He is a BITS
Pilani topper of two streams. His wife is a BITS Pilani topper as well. So they
are a team who just believe in doing something interesting. His history is such
that for 50 odd generations, they have been the painters to small kings. That
is the recorded history of their family. So they always imagine things. They
created things, they designed things. They are two brothers and they are both
doing different things. But primarily, he is an exceptional individual. It’s
like you can say, India’s new Edison. Though its too early to say that but if I
look at the 6 – 7 things he has done, if only we had a business partner in each
of them, I think he will be one of the most talked about guys from the
developing world.
Niraj: So now, is the product ready?
Satish: Yes, the product is ready and has
reached more than 100,000 people. We have created 3 – 4 versions of it and each
one is very unique. If you charge once , it lasts for 350 hours. I don’t think
you can find another lamp that would do that. We have designed one for Chhatisghar,
we call it ECCO 36, because in Hindi chhatis is 36. It basically looks at the tribal
art, takes the aesthetic forms from there and creates something that show how
tribal forms will look like in modern times.
Niraj: So, you have localized the lamp
design to meet the local needs as well.
Satish: You can say that we have localized
or you can say how we have take the local form and taken it to the next level
of technology driven local forms. So, it is very interesting.
Niraj: This product that has been designed
and built in India, is it primarily for rural sector or government sector? Who
is the real audience for this?
Satish: Basic idea is very simple, that if
you look at the solar power that is available in India, which is several times
more than the power producible with conventional sources. India produces very
little power if you look at per capita consumption . It is about 1/20th
or 1/30th or any other comparable economy. When I say comparable
economy, I mean any economy that has 2000 dollars of per capita income,
compared to that, we use fraction of that power and it is distributed very very
unevenly. Villages of course may have literacy line crossing the villages but
those lines don’t really give power to the homes in the villages. Even if the government
say the 80 – 90% of India is electrified, I would say only 20 – 25% people are.
Niraj: So they may be ‘wired up’ but they
may not have power on those lines.
Satish: Right, So wire is basically those
lines that cross the villages. They won’t let the power come down. This way every individual can find the power
that they need. It is light. Before the power, you need light. Our lamp not
only offers power, but actually offers light. You can even charge a mobile
phone. Mobile phone charging has been a big problem in villages. Normally they would walk 3 – 5 Km or go by bicycle and
pay 4 – 5 rupees per charge, just to keep the mobile phone going. This allows
them to charge the mobile phone as well as if they have tablet tomorrow, that
too can be charged by these lamps.
Niraj: Very interesting
Satish: And what we have done is that we
have used latest technology lithium ion LED lamps with lithium ion batteries,
so they don’t have the lead acid batteries environmentally challenged either.
Niraj: So all the entire product set that
you have used for manufacturing parts, they are all environmentally friendly.
Satish: Exactly
Niraj: That’s awesome. What are the
distribution strategies that you are using to distribute it throughout India?
Satish: You know since the goal is to go to
the poorest, this large scale work can only be done with the help of the government.
We reached out to various governments. Government actually made lot of plans.
So in this case we have done the Chhatisgar, the one state with lot of tribal population.
You must be hearing about some violence there. So we thought that was a great
place to start. And Government has asked us for 800,000 lamps to be distributed
. Now we are trying to produce that many. We have already done several tens of
thousands there. Ladaakh had a problem about 2 years ago. There were some
natural disasters. We supplied some 30,000 lamps there. Uthrakhand recently had
a natural disaster, we supplied 3000 there. So, I would say more than 100,000 lamps
have basically gone out . The capacity now is about a million that we can
produce, in India , in our factory.
Niraj: Million per day or…
Satish: Million per annum. But effectively
it can be scaled up as per the demands. As of now we are working with State
Governments within their bugdets. In retail, we have tied up with Mahindra,
Anand Mahindra. He liked it very very much and he wanted to do that. So, in
retail we are their partners and we are trying to find local social entrepreneurs.
There is a company which is in one district of Uttar Pradesh . They have taken
it to 5000 people. So what they do is,
that they don’t sell it to them. They charge Rs100 a month per user and they
make sure that they have access to it. They charge for them. They deliver it to
them every day so at night they have lights. So many models are emerging now.
Niraj: So you have been a social entrepreneur
but you are creating other ventures and other avenues for other people who want
to use the product and take it to the masses also.
Satish: basically the idea is this, About
80% India doesn’t have idea of what the markets offer. How did you go about it
, so in that white space, many of us can contribute and if I go to villages and
look at villages. We can train them to begin using what improves the quality of
life from the point of view of basics of life, to hygiene , to learning , to
helping them understand how the world is shaping up and explore whatever they
want to explore as a full human being rather than working as just landless
laborers or someone who has no opportunities. So look for things which will
create opportunities for the majority of humanity . India has the largest
number of poor in the world. India has the highest potential in terms of number
of people it has. In terms of our faith in learning , I think we are culturally
wired to become a learning society , except opportunities are not being given.
So, lets see who all can join this movement, so to say. How do you all become
entrepreneurs in our social setting where we earn , not according to what NYSE
says, but according to what our local environment allows us and be happy with
it.
Niraj: With the success that you have achieved
in India, are you taking this product
outside Indian market as well? If yes, which countries?
Satish: Yes, we are part of ‘Lighting
Africa’ of the International Finance Corporation and ‘Global Lighting’ , ‘Lighting Asia’ , and
‘Lighting India’ programs, As we speak, last week some were sent to Thailand.
If we can support anyone who is clear enough to start seeing the benefit of
this in any country.
Niraj: So we have talked about the
product, but we have not shown our viewers what it looks like.
Satish: Ok, I am hiding it right here.
(smiling) (Demonstrating the product) So if you see it, when I show it to all
my friends who are chairmen of Indian companies, they say, “Tell me, where is
this from. Is it from America, Japan ?” and I say, ”Imagine India” and they
feel shocked
Niraj: (laughing) No Way!
Satish: So if I have to open it, just
see..(opening it) There are two parts. We are trying to make it simple . In one
piece, it is a lamp that you can hang from the ceiling, or carry it as a torch.
(Twisting the bottom) It is a table lamp. At a certain level of light it can go
for 250 hours, at the peak it can go for 10 hours . So you have a choice as to
how much light you need.
Niraj: If you can repeat that for our audiences,
how long do they need to charge it for and how long does it last?
Satish: You can charge it using solar
power, you can use electricity as well . Electricity from 70 V – 290 V would
work for it does not impact its circuitry. It has lots of proofing done against
deep discharge, against current reverse flow and all kinds of possibilities
that you can imagine, we’ve proofed it that way. It is maintenance free . You
know you’ve heard the principles of One Laptop Per Child, to be dust proof, sun
readable, shock proof, water proof etc. all those principles got applied into
this as well. So if you see this, you can actually hang it on the wall as well.
(Removing the bottom portion of the lamp) Now you can take to the wall and hang
it on that as well, either upside or down, whichever way you like it. So, it is
something which you can use as a table lamp , a ceiling lamp , a torch or even
to charge mobile phones.
Niraj: So, That was a pretty amazing
story. I am sure many of our viewers who are itching right now, watching this interview
would be curious to know , if you have a message for budding Social Entrepreneurs
out there.
Satish: I would say that, that India needs in every village, one social
entrepreneur. I think there are about 3 million Indians in America. They
basically mean about 700,000 – 750,000 families. If they can just adopt one
village each , support one social entrepreneur . I think they will make a huge
impact. Look at lighting, look at education. Look at things that may not be
immediate, but look at things that will help them look into the future. If you
support one, there is enough business to be done locally which can actually
meet the expectations of someone who is investing in that. That can lead to a
social entrepreneurship, a movement for that and I would say that if an investor says I will support 100 social entrepreneurs. Now you have a good business
model, you’re actually talking about a few million dollars. You scale it up and
it’s a great business opportunity for people here and you make a new India as
well .
Niraj: That’s a great message for all our
viewers and we really appreciate your time over here Satish, Thank you
Satish: Thank you for discovering me.
Conversation & Discussion with social entrepreneur solve various issues of business.Entrepreneur India provides new opportunities, new trends, unique business ideas to expand your business
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