Bharat Inclusion Initiative has already raised $12.5m to back projects in sectors such as financial inclusion, livelihood, education and health.
Indian Institute of Management Ahmedabad (IIMA) has secured $12.5m of a targeted $25m for an impact-focused entrepreneurial program called Bharat Inclusion Initiative, according to the Ahmedabad Mirror.
Tata Trusts, the philanthropic arm of diversified conglomerate Tata, supplied capital together with impact investment firm Omidyar Network, philanthropic outfit Bill and Melinda Gates Foundation, and family office Michael and Susan Dell Foundation.
The program will be managed by IIMA’s Centre for Innovation, Incubation and Entrepreneurship (CIIE).
The $12.5m consists of $5m for…
