Millennium Alliance
Inspiring Innovation. Sharing Solutions.

Identify, test and scale innovations with a development impact in India

This challenge is closed
240
Solutions Applied
329
Nominations Submitted
 
 
 
    • The Millennium Alliance is an inclusive platform to identify, test and scale innovations with a development impact in India.
    • Geography Focus
      India
  • Rewards

    • Solvers : Up to USD 750,000
      Grant, debt or equity plus incubation and acceleration support
    • Connectors : National visibility
      First connector of the Winners will receive national visibility on ennovent's Global Network
  • Organisers and Partners

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  • Contact Details

    Archana Verma
    archana.verma@ennovent.com

Identify and scale innovative solutions being developed and tested in India, to address development challenges that will benefit Base of the Pyramid (BoP) populations across India and the world.

 

Selection Criteria: Please read the detailed selection criteria here.

 

Categories:The MA awards will be provided for projects under the following two stages:

 > Stage 1: The development needed to support proof of concept and financial, administrative, and technical viability.
 > Stage 2: Implementing the project at a sufficiently large scale to allow for rigorous impact testing.


Rewards:MA will make at least six awards per year, subject to the evaluation and recommendations of the Evaluation Committees:

 > Stage 1: Funding not exceeding Rs. 50,00,000 or $100,000 (approx.)
 > Stage 2: Funding not exceeding Rs. 3,75,00,000 or $750,000 (approx.)


The award could be in the form of a grant or a debt or equity or a combination thereof. The MA support may also support a range of innovation incubation and accelerator services.


Participants


Solver:

 >  Local private and non-governmental entities, who are registered entities in India
 >  For-profit educational institutions
 >  Non-profit educational institutions
 >  Private individuals

Foreign citizens, Indian citizens residing outside of India and organisations based outside of India can apply, but the innovation should have been developed/tested/implemented in India.


See details here


Connector:

 >  Can be any individual worldwide
 >  Has to request the nominated company to apply online
 >  Has to provided a reason for the nomination


Timeline
15 Nov 2012 Deadline for LOIs Submit a Letter of Interest (LoI) online
20 Nov 2012 Call for Full Applications Shortlisted applicants notified
15 Dec 2012 Deadline for Full Applications Submit a full application to the committee
15 Feb 2013 Award Ceremony Winners announced and awarded
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