Social enterprise incubator Villgro invests in three startups
Wednesday, December 11, 2013
Social enterprise incubator Villgro has invested an undisclosed amount in three social enterprises—OneBreath, Ecozen Solutions and Artoo. Apart from equity, the incubator will provide mentoring, access to network and talent for these start-ups.
“We are excited to find a potent combination of technology innovation, entrepreneurial spirit, financial viability and scalability in these three companies that will create long-term social impact spanning the healthcare, energy, agriculture and financial inclusion sectors,” said Pinaki Bhattacharyya, chief investment and incubation officer, Villgro.
Medical device company OneBreath is developing an innovative low-cost mechanical ventilator intended to improve acute ICU care. Ecozen Solutions focuses on applications of distributed power generation for agriculture and rural communities. Artoo has developed an android and cloud-based platform that allows financial institutions to take all field processes online.