Ennovent to Promote the Millennium Alliance Awards
Summary
The Millennium Alliance is soliciting innovations from across India, and after a due diligence and competitive process, applicants with the highest development potential will be shortlisted and selected.The winning innovators will be announced on February 15, 2012 and shall be provided access to seed funding, grants, incubation, accelerator services, equity, debt, and other capital.Ennovent is supporting the Millennium Alliance initiative through a unique online and offline search process leveraging crowdsourcing to identify the best innovations and enterprises that have a positive impact in addressing development challenges facing BoP populations across India.The Millennium Alliance aims to be a $50 million fund by bringing together social impact funds, venture capitalists, corporate foundations, early investors, donors, to support innovators towards developing, testing, and scaling their innovations“The Alliance is an endeavour to ensure that the development process is all inclusive, the benefits of social innovations reaches the poor in the most efficient and cost effective manner, thereby empowering the poor and the marginalised,” said Dr. Rajiv Kumar, Secretary General, FICCI upon the launch of the Alliance.The Millennium Alliance is soliciting innovations from across India, and after a due diligence and competitive process, applicants with the highest development potential will be shortlisted and selected.Winners will also receive national visibility through online and offline promotion as well as capacity building through access to renowned mentors.Ennovent is supporting the Millennium Alliance initiative through a unique online and offline search process leveraging crowdsourcing to identify the best innovations and enterprises that have a positive impact in addressing development challenges facing BoP populations across India.Innovators – based in India or abroad – having developed an innovation with a measurable impact on BOP populations across India, are encouraged to apply here by submitting a Letter of Interest prior to November 15, 2012.