Grants awarded in India to encourage social entrepreneurs and investors
The strategic philanthropy foundation, Dasra, has announced an $800,000 grant to six organisations aimed at building an ecosystem for impact investing in India. The idea is to help individuals and organisations by providing skills, mentorship, information, networks, funds and policy support to enable impactful, scalable and sustainable change.
The Impact Economy Innovations Fund grant, launched in January 2013, is an initiative set up by Omidyar Network and the Rockefeller Foundation and administered by Dasra in India. It aims to build stronger infrastructure for the impact investment community in India.
The six organisations awarded a grant were chosen from 120 applicants. The winners provide support services for social entrepreneurs and investors, including unlocking domestic capital, actively supporting the creation of incubators, advocacy and governance.
Rockefeller Foundation programme associate, Rehana Nathoo said: “We need to focus on building the ecosystem to impact the lives of the poor or vulnerable. The IEIF grant is a step in that direction.”