Mil­len­nium Al­liance Awards An­nounced at In­no­va­tion Expo

FICCI Business Digest - - Briefings -

The Mil­len­nium Al­liance (MA) pro­gramme or­ga­nized an in­no­va­tion expo to an­nounce the awardees of its fifth round of fund­ing in New Delhi on 1 June 2018. Thirty-six so­cial en­ter­prises rep­re­sent­ing sec­tors such as clean en­ergy, agri­cul­ture, health, ed­u­ca­tion, wa­ter and san­i­ta­tion and dis­abil­ity from across In­dia will re­ceive the fund­ing, to­tal­ing INR 23.5 crore.

In ad­di­tion to fund­ing, the ini­tia­tive will pro­vide the so­cial en­trepreneurs with sup­port for ca­pac­ity build­ing, busi­ness de­vel­op­ment, in­vestor-con­nect, net­work­ing and show­cas­ing op­por­tu­ni­ties.

MA is a con­sor­tium of part­ners in­clud­ing the Depart­ment of Sci­ence and Tech­nol­ogy, US Agency for In­ter­na­tional De­vel­op­ment (USAID), FICCI, UKAID, ICCO Co­op­er­a­tion, World Bank Group and Face­book, and has funded 122 so­cial in­no­va­tions projects over the last five years with a to­tal grant of INR 87 crore.

Mark An­thony White, USAID Mis­sion Di­rec­tor to In­dia, said, 'The Mil­len­nium Al­liance has pro­vided so many in­sights on bring­ing to­gether unique ca­pa­bil­i­ties of stake­hold­ers – pub­lic and pri­vate, en­trepreneurs and in­vestors, govern­ment and bi­lat­eral agen­cies – and ap­ply­ing them to prob­lems that once seemed in­sur­mount­able.'

Bindu Dey, Sec­re­tary, Tech­nol­ogy De­vel­op­ment Board, Govern­ment of In­dia, paid tribute to the awardees for the great con­tri­bu­tion to so­ci­ety. The Mil­len­nium Al­liance, she said, had grown from an event into an im­pact­ful pro­gramme. She ex­pressed op­ti­mism that the pro­gramme has ma­tured and can now be scaled to the next level.

Gavin McGil­livray, Head of the UK Govern­ment's Depart­ment for In­ter­na­tional De­vel­op­ment (DFID), said, 'DFID is happy to part­ner with FICCI and oth­ers on the Mil­len­nium Al­liance to pro­vide a plat­form for en­ter­pris­ing in­no­va­tors to pi­lot and scale up proven In­dian in­no­va­tions for de­vel­op­ment im­pact in Africa and South Asia. The Mil­len­nium Al­liance is help­ing change lives for the bet­ter in In­dia and all over the world.'

Ni­rankar Sax­ena, Deputy Sec­re­tary Gen­eral, FICCI, stated, 'The Mil­len­nium Al­liance is a unique part­ner­ship that has con­tin­u­ously ex­panded over the last five years. The pro­gramme has sup­ported over 112 so­cial en­ter­prises and has demon­strated that In­dia is a hot­bed of in­no­va­tion. Our en­trepreneurs are com­mit­ted to ad­dress de­vel­op­ment chal­lenges through in­no­va­tive so­lu­tions im­pact­ing lives glob­ally.'

Dig­ni­taries fe­lic­i­tat­ing a win­ner of Mil­len­nium Al­liance Award.

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