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Press release: MIT’s Inclusive Innovation Challenge awards over $1 million to organizations harnessing technology to create greater economic opportunity for workers
The MIT Initiative on the Digital Economy has awarded over $1 million in prize money in its second annual MIT Inclusive Innovation Challenge (IIC) in recognition and celebration of for-profit and non-profit organizations using technology to improve economic opportunity for base- and middle-level income earners.
- Categories
- Technology
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Invasive ‘Devil Fish’ Plague Mexico’s Waters. Can’t Beat ‘Em? Eat ‘Em
Also known as suckermouths, the species is popular with aquarium owners because the fish eats the algae that pollute tanks. But in the wild, that same behavior erodes shorelines and devastates underwater plant life.
A Mexican social enterprise called Acari is trying to do something about it — by creating a taste for these aquatic terrors.- Categories
- Environment
- Region
- Latin America
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Lusia Kiroyan: Empowering female inmates through batik-wearing dolls
Since setting up the Cinderella from Indonesia Center (CFIC) foundation in 2012, she has empowered over 740 female inmates at two penitentiaries in Riau Islands and one in Jakarta to make dolls with dresses made of used batik attire or fabrics.
- Categories
- Uncategorized
- Region
- Asia Pacific
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SLI launches positive screening Global Equity Impact fund
Standard Life Investments has launched a Global Equity Impact fund, investing in companies which are making a positive contribution to society and/or the environment.
- Categories
- Investing
- Tags
- ESG, impact investing, SDGs
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IBM launches blockchain partnership for improved cross-border payments
Working in collaboration with technology partners Stellar.org and KlickEx Group, the innovative solution is intended to improve the speed in which banks both clear and settle payment transactions on a single network in near real time.
- Categories
- Finance
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Techstars launches an impact accelerator for companies focused on social and environmental impact
In a blog post, the international accelerator network’s newest managing director, Zoe Schlag said that the new accelerator will back “for-profit, mission-driven founders building technologies to solve our most pressing social and environmental needs.”
- Categories
- Technology
- Region
- North America
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How tech has relaxed Mumbai’s monopoly on finance
With the rise of tech startups that focus on financial services, the traditional banking landscape is transforming — and Mumbai, Delhi-NCR and Bengaluru are competing to become India's fintech capital.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech
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IndusInd Bank announces takeover of micro finance lender Bharat Financial
Chairman of the bank, R. Seshasayee, said the two boards met independently this morning and decided to go ahead.
It would help develop reach and would be a strong partnership. The two institutions had worked together for many years and were, therefore, comfortable with each other's people and culture, he said.- Categories
- Finance
- Region
- South Asia
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