Unitus Seed Fund has entered into a Global Development Alliance with the U.S. Global Development Lab, a new entity within USAID that seeks to increase the application of science, technology, innovation and partnerships to achieve, sustain and extend USAID’s development impact to help hundreds of millions of people lift themselves out of extreme poverty.
The agreement provides substantial support for Unitus’ new India Impact Acceleration Program which aims to help improve and accelerate the early-stage impact startup ecosystem across India in three ways: by increasing entrepreneurial connections facilitated through “startup scouts” operating across India, by working with leading incubators to help create more “venture capital-ready” startups that target low-income populations, and by offering financial assistance to startups that make use of Unitus’ existing Venture Advisor and Catapult Partner networks.
Unitus’ portfolio companies enhance economic self-reliance, improve health and education, optimize agriculture, and provide basic necessities. Unitus has already made 13 investments to date, making it the most active seed-stage impact investor in India.