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When there is any discussion regarding technology, one tends to think Nuclear, IT, E-Business, E-Commerce among the more common areas of technology usage. On further thought we find Technology defined as the ‘application of scientific knowledge for practical purposes, especially in industry.’ With the advancements in technology, be it medical, business, health or arms and energy, I sometimes feel we are at the far end of technical discoveries and of the ones we have already in hand, how much we have used for critical human needs?    Technology and Innovation   Another buzz word today is “Innovation”. What is innovation?...

In the Global Innovation Index ranking 141 economies across the world on innovation capacity and efficiency, India’s ranking has further slipped – 81 as compared to 76 in 2014. The ranking takes into account factors such as policy, decision-making, political environment and ease of doing business.     While the findings may reflect public perception and the relative inactivity in the making of innovative policy decisions, one of the key transformative events is the Innovation for India Awards (IIA) 2016 by Marico Innovation Foundation. Now in its sixth edition, IIA 2016 recognizes the greatest innovations within the Indian business and...

Member of the Ennovent Circle, the Ennovent Impact Investment Holding, closed an investment round in Rajasthan based healthcare provider Karma Healthcare. The company had earlier raised money from Ankur Capital.   This investment in Karma is the ninth investment facilitated by the Ennovent Circle – an exclusive group that collaborates to accelerate innovations for low-income markets – since its launch three years ago. It is also the fifth investment made by Ennovent’s Impact Investment Holding.   Healthcare services in India have improved over the last 25 years, however significant challenges still remain, especially in rural India. Access to healthcare, healthcare...

I graduated from the Government Medical College in Guwahati (Assam) in the summer of 2007 as an ophthalmologist. I was confident that I would start a successful eye care practice in Upper Assam, in my hometown Jorhat. But, starting an eye care practice requires considerable investment, so I opted to start in a corporate hospital at first. The patients were rich, could afford anything, and my paycheck was not something to complain about. It was not long, before I realized that treating high profile patients was not always a piece of cake. Many times, you not only treat the patient,...

Members of the Ennovent Circle, the Ennovent Impact Investment Holding and Upaya Social Ventures, closed a seed investment round in Delhi based Anant Learning & Development. This investment in Anant is the eight investment facilitated by the Ennovent Circle – an exclusive group that collaborates to accelerate innovations for low-income markets – since its launch three years ago. It is also the fourth investment made by Ennovent’s Impact Investment Holding. Upaya’s support of Anant Learning has been made possible by LAF: Creative Venture Fund, a venture philanthropy fund that invests in employment and empowerment initiatives that provide vulnerable youth around...

The Ennovent Circle is an exclusive community of impact investors, specialist service providers and mentors that collaborates to accelerate innovations for low-income markets. In this monthly series we highlight one of our Circle members and ask them five questions about their work in low-income markets and their insights about the sector.   For our latest post in this series we spoke to serial entrepreneur and angel investor Sumantra Roy.  He is the Co-Founder & CEO of Learning Yogi, which is developing a game-based learning platform to help underprivileged children teach themselves. Another of Sumantra’s ventures, formed in association with Dr....

Education may not always be thought of as a segment where much innovation can happen, but there is a growing interest among entrepreneurs to innovate and provide inspirational education experiences and a new breed of innovative social enterprises are emerging that focus on this area. These maybe in schools where content formats are enhanced to create new and modern learning experiences, or in vocational projects enabling skill development; aided by technology and innovation.   However, the road ahead to success is extremely tough and difficult; replete with failures and few successes. This is primarily because of the nature of this...

The continued growth of low-income markets has meant that a vast number of business plan competitions and grants have been established to find and select high potential solutions in the form of both products and services for these communities. Ennovent’s Discover expertise enables clients to identify and select a wide range of globally distributed solutions to solve sustainability challenges, increase market share or develop a strong investment pipeline.   However, most competitions within the space defer only to experts in the selection of ‘winners’. While experts are valuable, the local end-users of the products must also be involved for the...