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