Microfinance

India Development Marketplace announces 14 Winners for 2011

2011 India Development Marketplace Competition – Supporting Inclusive Business Models to Scale, a competitive grant program jointly organized by IFC, a member of the World Bank Group and the Development Marketplace Program, has announced 14 winners from 30 finalists. These finalists are making significant on-the-ground impact in the Indian states of Rajasthan, Bihar and Orissa where the competition ran this year.

Following a rigorous process of screening and online assessment of 264 proposals received this year, 2011 India Development Marketplace has announced the 14 award winning business models at a ceremony hosted to honor the winning social enterprises who will receive grant of US$50,000 (about Indian Rs 22,47,500) each.

India Development Marketplace Competition 2011 Winners

entrepreneur funding india world bank

Representatives of the 14 Winning Social Enterprises of 2011 India Development Marketplace Competition at Jaipur, India.

Sanjay Pradhan, Vice President, World Bank Institute said, “This competition marks the beginning of a multi-year World Bank collaboration with Indian social entrepreneurs and the national and state-level government to connect social entrepreneurs with a growing pool of external investors, external funders and providers of capacity building services.”

The prize money will be disbursed in two installments over 24 months while IFC will supervise the grant implementation over the entire duration. The funds will be used to invest in all activities/assets necessary to establish the viability of the business model such as testing, quality assurance, certification, consulting services, and test marketing services.

Linking early-stage social enterprises to next-stage financial aid through targeted grant support and advisory services is the key focus of India Development Marketplace. The initiative will support grassroot organizations to refine and build their business models to ensuresustainable impact over the long term.

Winners of the 2011 India Development Marketplace
No. Organization Proposal Title Belong to Target State Sector
1 Adhikar Micro Spinning Mills: Spinning prosperity back into the villages Orissa Orissa Livelihoods
2 Babajob.com Leveraging Mobile Technology to Radically Improve Information Efficiency in the Informal Sector Karnataka Bihar, Orissa, Rajsthan Education and Skills

Training

3 Bharatiya Agro Industries

Foundation (BAIF)

Rajasthan Amla Producers’ Organization: Scaling up the benefits and positive income impact to small marginal Amla farmers through productivity enhancements  and market linkages Rajasthan Rajasthan Agriculture
4 Bihar Development Trust Scaling up Bihar

Development Trust

Bihar Bihar Handicrafts
5 Educate Girls ( A project of Foundation to Educate Girls Globally) Sponsoring 767

Shiksha Preraks to boost learning levels in Jalor district

Maharashtra Rajasthan Education and Skills

Training

6 Elements Akademia Private Limited Training & Placement for 10,000 Customer Service Associate positions in Retail sector in 2 Districts of Bihar Haryana Bihar Education and Skills

Training

7 Healing Heritage Producers’ Company Enterprise development through developing the herbal formulations on anti- Malarials and its application to save people in hilly and tribal Orissa Orissa Orissa Healthcare services and solutions
8 Industree Crafts Foundation Building Producer Owned Micro Enterprises supporting artisanal livelihoods Karnataka Bihar, Orissa, Rajsthan Handicrafts
9 Operation ASHA Prevention, Control and Treatment of Tuberculosis amongst

110,000 disadvantaged

persons in 12 slums in

Rajasthan and Orissa

Delhi Orissa, Rajasthan Healthcare services and solutions
10 Rangsutra Crafts India Limited Rangsutra – The next leap of faith: “Strengthening the base in order to scale up significantly and successfully” Rajasthan Rajasthan Handicrafts
11 Sadhna Sadhna Scale-up project on textile handicrafts Rajasthan Rajasthan Handicrafts
12 Saran Renewable Energy Pvt. Ltd Reclamation of wastelands for energy plantations and agriculture Bihar Bihar Renewable/ clean Energy
13 Selco-Nidan Solar Light (P) Ltd Selco-Nidan Solar

Initiative in Bihar

Karnataka Bihar Renewable/ clean Energy
14 Womens organization for socio- cultural awareness Up scaling of Tracking livelihood Entitlements of rural communities in Orissa using mobile phone and information technology Orissa Orissa Other categories (Such as legal frameworks for empowerment, Solid waste management,  Governance, child labor etc)
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