IIM Ahmedabad launches $25 mn initiative to fund startups
IIM Ahmedabad's Centre for Innovation Incubation and Entrepreneurship has launched the 'Bharat Inclusion Initiative', with a commitment of $25 million from The Bill and Melinda Gates Foundation, Omidyar Network, and Michael and Susan Dell Foundation. The initiative will focus on backing startups that work in areas such as education. It has also received an initial commitment of $12.5 million.