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Tuesday, April 09, 2013 — South Asia

The “Technology for Impact Accelerator” announces the first batch of 16 startups

Source: Your Story

“Technology for Impact Accelerator” program for business creating social impact is an initiative by CIIE- IIM Ahmedabad and Village Capital. As a part of the first batch, 16 startups have been selected.
Thursday, January 03, 2013 — South Asia

Unitus Seed Fund lands $8 Million for BoP Startups from Leading Early-stage Investors

Source: Press Release

Investment includes backing of Vinod Khosla, Mohandas Pai, Mike Murray and others
Monday, November 05, 2012 — South Asia

Can the 'American Dream' be reversed in India?

Source: BBC

America's Silicon Valley has always been a hub for some of the brightest and best Indian immigrants to start businesses. Now, in a reversal, more people from the US are moving to the sub-continent with their ideas.
Friday, September 28, 2012 — Europe & Eurasia

Deutsche Bank Announces Essential Capital Fund at 2012 Clinton Global Initiative Annual Meeting

Source: Daily Finance

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced its Commitment to Action at the Clinton Global Initiative (CGI) Annual Meeting. The commitment was to the structuring of the Essential Capital Fund (the "Fund") which defines an innovative approach to providing early stage high risk money to support the impact investing sector.
Wednesday, August 29, 2012 — No Region Specified

DemystData Announces Series A Investment to Help Financial Institutions Grow Through Deeper Customer Data

Source: PR Web

Strategic investment from Accion and Arbor Partners Asia strengthens DemystData's position in the $12 billion big data marketplace.
Monday, August 27, 2012 — Sub-Saharan Africa

Innovation in Africa: Upwardly mobile

Source: The Economist

VISITORS to Kenya’s capital are often horrified by the homicidal minibuses called matatu. They swerve around potholes, seldom signal and use their iffy brakes only at the last second. They are therefore an ideal subject for a video game, which is why Planet Rackus, a Nairobi start-up, released “Ma3Racer” last year. Each player uses his mobile phone to steer a matatu down the street. The (unrealistic) goal is to avoid pedestrians. Within a month, a quarter of a million people in 169 countries had downloaded the game.
Wednesday, August 22, 2012 — South Asia

Start-ups like InVenture flourish with technology services for micro finance firms

Source: The Economic Times

BANGALORE: A new wave of start-up companies is building technology enabled services aimed at bridging the communication gap between borrowers and lenders in the embattled microfinance industry.
Tuesday, August 07, 2012 — Latin America

A Look Inside Pipa, Brazil’s First Start-Up Incubator

Source: Fast Company

Pipa (Portuguese for “kite”) is an incubator, or to be more specific an accelerator, focused on supporting entrepreneurs looking to create long-term sustainable value through business. We aim to support these entrepreneurs in their quest to create positive social, environmental and financial impact, something Brazil is engaging with more and more.
Monday, August 06, 2012 — South Asia

Ideas man: professor in quest for India's rural inventions

Source: Hindustan Times

t's 43 degrees Celsius, and Prof. Anil Gupta has been hiking the scorched plains of central India for hours. But he smiles widely as he enters a tiny village in search of another unsung genius. "If you have any new ideas or you have any new inventions, I'm here to promote you," he tells farmers squatting beside a dusty roadside shrine to Lord Shiva.
Thursday, August 02, 2012 — No Region Specified

74 Million Served, and Counting: 10th Annual Class of Global Social Entrepreneurs Coming to Silicon Valley

Source: Market Watch

SANTA CLARA, Calif., Aug 02, 2012 (BUSINESS WIRE) -- Anuj Sharma's startup company, Sarvajal, has found a way to bring clean water to thousands of households in rural India, who would otherwise have to walk miles or drink disease-causing dirty water. Sarvajal dispenses water from solar-powered, ATM-like machines. Customers pay around $3 a month with their cell phones, and special mobile technology alerts the company if there are problems with any of its 157 franchised machines.
Friday, July 27, 2012 — Sub-Saharan Africa

Ethiopian shoemaker takes great strides

Source: BBC

Eight years ago Ethiopia's Bethlehem Tilahun Alemu decided to sell cool colourful shoes made of recycled materials, including car tyres.
Wednesday, April 11, 2012 — North Africa and Near East

Microfinance Giant Launches Venture Capital Fund For East Africa

Source: Forbes

Accion, an international microfinance and investment firm, has launched Venture Lab, a $10 million investment vehicle which will provide seed capital and management support to financial inclusion startups worldwide, with a particular focus on East Africa and India.
Friday, April 06, 2012 — No Region Specified

Men Start Businesses for the Money: Women for the Social Value

Source: ScienceDaily

A study of the sexes reveals that when it comes to starting a business, women are more likely than men to consider individual responsibility and use business as a vehicle for social and environmental change.
Tuesday, April 03, 2012 — No Region Specified

Accion Launches Venture Lab, a Seed-Stage Investment Initiative for Financial Inclusion Start-ups

Source: Press Release

Accion, a pioneer and leader in global microfinance, today announced the launch of Venture Lab, an initiative dedicated to providing seed capital and management support to financial inclusion start-ups worldwide. The $10 million program will seek out companies that have completed research and development and are at the pilot/first-revenue stage. Investments will typically be in the range of US $100,000-$300,000, invested either as convertible debt or equity.
Monday, March 19, 2012 — South Asia

Start-ups to be Taxed on Funds from Angel Investors

Source: livemint.com

Start-ups raising money from angel investors will have to pay income tax from April on the funds they receive after the national budget on Friday proposed to treat the capital received as income from other sources, if the consideration received for issue of shares exceeds the face value of such shares.
Friday, February 17, 2012 — Sub-Saharan Africa

The Quiet Revolution in Social Impact

Source: PandoDaily

There are currently 30 million African migrants who have left their home countries to find work elsewhere. They support more than 300 million people in their home countries, remitting essential food and goods, and in aggregate represent more than $10b in annual economic activity. This is an economy without an infrastructure, however, relying on informal channels and bribes to function. South African entrepreneur Suzana Moreira is working to change that. Her startup moWozauses SMS to help African migrants order, pay for, and select a place for parcel pickup.
Wednesday, June 29, 2011 — Sub-Saharan Africa

How Africa Can Extract Big Benefits for Everyone from Natural Resources

Source: Guardian.co.uk

As the Natural Resource Charter holds its third annual workshop at the University Oxford, in the UK, this week, the combination of rising commodity prices and falling costs of communication technology presents Africa with an unprecedented opportunity to reduce poverty and fight corruption at the same time. T...
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