The MA is an inclusive platform to leverage Indian creativity, expertise, and resources to identify and scale innovative solutions being developed and tested in India to address development challenges that will benefit base of the pyramid populations across India and the world. The MA is a network to bring together various actors within India’s social innovation ecosystem including, but not limited to, social innovators, philanthropy organizations, social venture capitalists, angel investors, donors, service providers, and corporate foundations, to stimulate and facilitate financial contributions from the private and public sectors and offer a range of support to innovators.
Under FICCI’s leadership and in partnership with United States Agency for International Development (USAID) and the Technology Development Board (TDB), and other MA partners, the Alliance will provide innovators with services such as seed funding, grants, incubation and accelerator services, networking opportunities, business support services, knowledge exchange, and technical assistance, and will facilitate access to equity, debt, and other capital. Through the Millennium Alliance, USAID, FICCI, TDB, and other partners, will help realize India’s role as a global innovation laboratory.
India has approximately 150 million children in primary education, nearly half of which are unable to read well. According to a UNESCO report of September 2016, “India will be half a century late in achieving universal education goals.” India’s poorest are disproportionately affec... (more)
The Millennium Alliance Initiative on Thursday recognized 24 high-impact social innovations from India at an award ceremony organized in New Delhi. The 24 finalists selected from a pool of 710 applications will together receive funding support worth Rs. 8.15 crore.
