An Innovation Partnership for Global Development
The MA is an inclusive platform to leverage Indian creativity, expertise, and resources to identify and scale innovative solutions being developed and tested in India to address development challenges that will benefit base of the pyramid populations across India and the world. The MA is a network to bring together various actors within India’s social innovation ecosystem including, but not limited to, social innovators, philanthropy organizations, social venture capitalists, angel investors, donors, service providers, and corporate foundations, to stimulate and facilitate financial contributions from the private and public sectors and offer a range of support to innovators.
Under FICCI’s leadership and in partnership with United States Agency for International Development (USAID) and the Technology Development Board (TDB), and other MA partners, the Alliance will provide innovators with services such as seed funding, grants, incubation and accelerator services, networking opportunities, business support services, knowledge exchange, and technical assistance, and will facilitate access to equity, debt, and other capital. Through the Millennium Alliance, USAID, FICCI, TDB, and other partners, will help realize India’s role as a global innovation laboratory.
Provide a platform to leverage Indian creativity, expertise and resources to:
Identify game changing innovations
The Alliance intends to identify breakthrough innovations that address long felt developmental issues in a more effective and/or economical manner.
Rigorously test promising solutions
The Alliance encourages innovators to rigorously test and evaluate their innovative solutions and select those that have the maximum developmental impact in a cost efficient and effective manner.
Scale innovations that work
The Alliance aims to support innovations with wider societal appeal and help scale it to a level that it reaches and affects the needy population.