Millennium Alliance, a multilateral consortium has recognized and awarded 33 Indian social enterprises for identifying technologies and innovations that impact bottom of the pyramid population in India.
The Federation of Indian Chambers of Commerce and Industry (FICCI) jointly with the Technology Development Board (Department of Science and Technology, Government of India); United States Agency for International Development (USAID), UK's Department for International Development (DFID); ICCO Cooperation; ICICI Foundation for Inclusive Growth; Wadhwani Initiative for Sustainable Health (WISH) and the World Bank organized the ceremony for Round 3 earlier this month at the Federation House in Delhi.
The 33 selected enterprises will benefit from multilateral grants totaling Rs.26 crores.
The 33 enterprises were awarded under the focus sectors of basic education, affordable healthcare, agriculture/food security, clean energy/climate change and water and sanitation.
The projects will be implemented in several states, including Bihar, Odisha, Maharashtra and Uttar Pradesh.
Six of these 33 enterprises are especially picked under South-South category to take these proven innovative solutions from India to other parts of the developing world. These projects will be implemented in Rwanda, Kenya, Uganda, Bangladesh and Nepal.
The Millennium Alliance has so far received and evaluated over 3000 applications as a result of over 100 pan India road shows conducted to extensively engage with the social enterprise sector in Tier I, II and III cities.
