Michael and Susan Dell Foundation to Setup an Incubator in India

Thursday, August 31, 2017

US-based Michael and Susan Dell Foundation is reportedly looking to set up an incubator for early stage startups in India. The focus will be on startups with solutions for the underserved and the unserved segments. The foundation is in talks with CIIE, for the same. Founded in 2007, CIIE  is IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship.

Talking about the incubator Rahil Rangwala, the Director for family economic stability at Michael and Susan Dell Foundation said, that the incubator will look at early-stage companies that offer financial inclusion, digital empowerment, job creation and services in other such impact areas. Apart from this, the foundation will also offer seed funding to the startups.
Photo courtesy of GotCredit.

Source: Inc42 (link opens in a new window)

financial inclusion, incubators