Gray Matters Capital launches accelerator for Indian edtech startups

  • Success looks like… Selected companies should target a user base of 1 million with at least 50% women, and offer an affordable product.
  • Supporting growth… Participating companies will each get up to $35,000 to support mentorship in user engagement and mobile product strategy.

Opportunity Finance Network backs five community development finance institutions

Philadelphia-based Opportunity Finance Network awarded $5 million to five community development financial institutions for experiments with new financial products and models in underserved communities. The winners include: Reinvestment Fund, which will commit the $500,000 award to its pay-for-success fund; Minneapolis-based Metropolitan Economic Development Association, which will develop a “patient equity” product for early stage minority