2011 India Development Marketplace Competition – Supporting Inclusive Business Models to Scale, a competitive grant program jointly organized by IFC, a member of the World Bank Group and the Development Marketplace Program, has announced 14 winners from 30 finalists. These finalists are making a significant on-the-ground impact in the Indian states of Rajasthan, Bihar, and Orissa where the competition ran this year.
Following a rigorous process of screening and online assessment of 264 proposals received this year, 2011 India Development Marketplace has announced the 14 award-winning business models at a ceremony hosted to honor the winning social enterprises who will receive a grant of US$50,000 (about Indian Rs 22,47,500) each.
INDIA DEVELOPMENT MARKETPLACE COMPETITION 2011 WINNERS
Sanjay Pradhan, Vice President, World Bank Institute said, “This competition marks the beginning of a multi-year World Bank collaboration with Indian social entrepreneurs and the national and state-level government to connect social entrepreneurs with a growing pool of external investors, external funders, and providers of capacity building services.”
The prize money will be disbursed in two installments over 24 months while IFC will supervise the grant implementation over the entire duration. The funds will be used to invest in all activities/assets necessary to establish the viability of the business model such as testing, quality assurance, certification, consulting services, and test marketing services.
Linking early-stage social enterprises to next-stage financial aid through targeted grant support and advisory services is the key focus of India Development Marketplace. The initiative will support grassroots organizations to refine and build their business models to ensuresustainable impact over the long term.
|Winners of the 2011 India Development Marketplace|
|No.||Organization||Proposal Title||Belong to||Target State||Sector|
|1||Adhikar||Micro Spinning Mills: Spinning prosperity back into the villages||Orissa||Orissa||Livelihoods|
|2||Babajob.com||Leveraging Mobile Technology to Radically Improve Information Efficiency in the Informal Sector||Karnataka||Bihar, Orissa, Rajsthan||Education and Skills
Bharatiya Agro Industries
|Rajasthan Amla Producers’ Organization: Scaling up the benefits and positive income impact to small marginal Amla farmers through productivity enhancements and market linkages||Rajasthan||Rajasthan||Agriculture|
|4||Bihar Development Trust||Scaling up Bihar
|5||Educate Girls ( A project of Foundation to Educate Girls Globally)||Sponsoring 767
Shiksha Preraks to boost learning levels in Jalor district
|Maharashtra||Rajasthan||Education and Skills
|6||Elements Akademia Private Limited||Training & Placement for 10,000 Customer Service Associate positions in Retail sector in 2 Districts of Bihar||Haryana||Bihar||Education and Skills
|7||Healing Heritage Producers’ Company||Enterprise development through developing the herbal formulations on anti- Materials and its application to save people in hilly and tribal Orissa||Orissa||Orissa||Healthcare services and solutions|
|8||Industry Crafts Foundation||Building Producer Owned Micro Enterprises supporting artisanal livelihoods||Karnataka||Bihar, Orissa, Rajsthan||Handicrafts|
|9||Operation ASHA||Prevention, Control, and Treatment of Tuberculosis amongst
persons in 12 slums in
Rajasthan and Orissa
|Delhi||Orissa, Rajasthan||Healthcare services and solutions|
|10||Rangsutra Crafts India Limited||Rangsutra – The next leap of faith: “Strengthening the base in order to scale up significantly and successfully”||Rajasthan||Rajasthan||Handicrafts|
|11||Sadhna||Sadhna Scale-up project on textile handicrafts||Rajasthan||Rajasthan||Handicrafts|
|12||Saran Renewable Energy Pvt. Ltd||Reclamation of wastelands for energy plantations and agriculture||Bihar||Bihar||Renewable/ clean Energy|
|13||Selco-Nidan Solar Light (P) Ltd||Selco-Nidan Solar
Initiative in Bihar
|Karnataka||Bihar||Renewable/ Clean Energy|
|14||Women’s organization for socio-cultural awareness||Upscaling of Tracking livelihood Entitlements of rural communities in Orissa using a mobile phone and information technology||Orissa||Orissa||Other categories (Such as legal frameworks for empowerment, Solid waste management, Governance, child labor, etc)|
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