Monthly Archives: August 2011

Turning Rags into Riches

Rags2Riches, a Philippines-based social enterprise, is an effort to provide more livelihood options for impoverished women. The founder, Reese Fernandez-Ruiz, noticed that a lot of women were using scraps of cloth to create cheap foot rugs and other products. Desiring … Continue reading

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Milaap: India’s First Online Platform for Microlending

Milaap, a year-old online platform for microfinance in India, has recently been approved by the RBI to go global. This means that the site can now accept loans from donors anywhere in the world, making it the first global platform … Continue reading

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Jugaad and its Relationship to Innovation

Tim Leberecht of frog design wrote in a recent article: The term Jugaad (pronounced “joo-gaardh”) is a colloquial Hindi word that describes a creative ad hoc solution to a vexing issue, making existing things work and/or creating new things with … Continue reading

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India Innovation Fund Invests 10 Crore in Start-up

India’s only domestic venture fund, the India Innovation Fund, backed by software services major TCS and telecom giant Airtel, announced its second investment last week. The IIF declared that it would invest Rs. 10 crore in Bangalore-based digital media and … Continue reading

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mPowering’s Antipoverty Mobile App

A new nonprofit organization, mPowering, uses existing mobile technology and infrastructure to empower the poorest of the poor (those living on less than $2 a day). The organization, which has begun work in India and Nepal, uses an incentive-and-award approach … Continue reading

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Collaborative Workshop for VDK Prototype Refinement

Last week, the Centre for Knowledge Societies (CKS) held a collaborative workshop in New Delhi. Organized by the team working on the Vaccine Delivery Kit (VDK) project, the purpose of the workshop was for the team to present their methods … Continue reading

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ISB’s iDiya Competition: Applications now available

Via ThinkChangeIndia, The Indian School of Business (ISB) announced on Friday, 29th July that applications are now available for the 3rd annual iDiya competition. The ISB iDiya Challenge is a social venture competition for working professionals in India, targeting business … Continue reading

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