Monday, 18 April 2016

Millennium Alliance announces Round 3 Awards INR 26 crores for 33 social enterprises

Millennium Alliance announces Round 3 Awards INR 26 crores for 33 social enterprisesMillennium Alliance, a multilateral consortium led by India recognized and awarded 33 Indian social enterprises selected through a rigorous year long process to identify technologies and innovations that impact bottom of the pyramid population in India and could also be successfully deployed in other developing countries in Africa and South East Asia.      

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 Millennium Alliance Awards Ceremony for Round 3 on 14 April 2016 at the Federation House in Delhi. The 33 selected enterprises will benefit from multilateral grants totaling Rupees 26 crores.    

A national platform to identify, test, award and scale innovations which bring improvements at the Bottom of the Pyramid (BOP), Millennium Alliance takes an innovation-driven and impact-focused approach to development. The Alliance provides financial as well as capacity building support to Indian entrepreneurs working at the grassroots level.    

The 33 enterprises were awarded under the focus sectors of basic education, affordable healthcare, agriculture/food security, clean energy/climate change and water & sanitation. The projects will be implemented in several Indian states including Bihar, Odisha, Maharashtra and Uttar Pradesh. From the awarded enterprises, six (6) 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 roadshows conducted to extensively engage with the social enterprise sector in Tier I, II and III cities.     Welcoming the guests, Dr. A. Didar Singh, Secretary General, Federation of Indian Chambers of Commerce and Industry (FICCI) said “Millennium Alliance is a unique partnership to provide financial as well as non-financial support to innovation driven social enterprises to help them test and scale their innovative models in India and other developing countries. Such models should be scaled in national interest and also be replicated in other developing countries through knowledge sharing”.    

In a message shared by Dr. Harsh Vardhan, Union Minister for Science & Technology & Earth Sciences, he stated "MA identifies and scales frugal and targeted interventions for Bottom of the Pyramid or poor. I am very happy that the steps followed through the various stages in the Millennium Alliance rounds fall in line with our Honourable Prime Minster's programs like Start Up, Stand Up, Make in India, Swachh Bharat, Swasth Bharat, Digital India and financial inclusion."    

Sharing his vision, Mr. Richard R. Verma, United States Ambassador to India said “The Millennium Alliance is a testament to the power of the U.S.- India strategic relationship, and the vast opportunities that can be harnessed when governments, citizens, and enterprises come together to solve the most pressing development challenges of our time, both locally and globally.” Read more....

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