The objective of the Foundation for Innovation and Social Entrepreneurship objective is to back high-risk startups that “no other investor will normally touch with a barge pole,” says founder Manoj Kumar. Funding for FISE’s Tata Smart Energy Incubation Center comes from Ratan Tata, former chairman of the Tata group of companies. It is the first of
The Amazon CEO and his wife MacKenzie committed the funds to TheDream. US, a scholarship program for undocumented immigrants in the Deferred Action for Childhood Arrival (DACA) program. Undocumented immigrants are ineligible for federal student aid. Bezos’ contribution will pay for college for 1,000 “Dreamers.”
The Bangalore-based investment firm is backing Simulanis, Kopykitab and Buddy4Study with $2.4 million. Its Education Catalyst Fund invests in edtech startups serving low-income Indian households, Inc24 reports. Simulanis provides corporate training programs via virtual reality. Kopykitab creates digital textbooks. Buddy4Study helps students apply online for scholarships. Dell Foundation, Gray Matters Capital and private Indian investors are
Impact Tech Seed funding came from True Ventures, Pathbreaker Ventures and others PC: kxan.com States face significant shortages of skilled nurses. Austin-based Diligent is building robots to handle menial hospital tasks and “help nurses make full use of their specialized skills,” says Diligent Robotics’s Andrea Thomaz. A pilot project will focus on acute care patients. Seed funding came
The company’s Ready4K app sends texts with learning tips to parents of young kids. The Belmont, Calif. company aims to create “an on-demand library for parenting tips,” EdSurge reports, and to expand fee-based services for institutions. Omidyar Network led the funding, which included the Richard E. and Nancy P. Marriott Foundation and Heising-Simons Foundation.
A new report from the Global Impact Investing Network offers guidance for those who want to make sure their investments keep having an impact after they cash out. https://medium.com/media/4e2af221c5823d1a8ee198d1c19ec5bf/href Based on a survey of 33 investors, advisors, and social enterprises covering the lifetime of their investments, GIIN provides some answers for impact investors: Pre-investment: Look for
First the bad news. Environmental dangers — storms, earthquakes, fires and failed efforts to address climate change — will still threaten in 2018, according to a Global Risks Report from the World Economic Forum. Water shortages, refugee crises and cyberattacks are all part of the problem, as this map shows. The good news? Strong economic growth could be part of