IIM-Ahmedabad launches Bharat Inclusive Initiative

Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and health.

Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses. The initiative will aim at channelising approximately $25 million over the next 3-4 years towards backing game-changing start-ups, leveraging the ongoing digital transformation in India, to create access to services that were hitherto inaccessible for a large segment of Indians.

This includes a $5 million commitment for providing catalytic support to start-ups through a series of acceleration programmes, focused research, training workshops and piloting partnerships. In addition, CIIE will also invest in seed and pre-Series-A start-ups through a dedicated Bharat Inclusion Seed Fund – which announced its initial closing at $7.5 million, and is expected to make a final close at $15 million by July, 2018.

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