IIT Kanpur launches INVENT – incubation fund for social ventures

Indian Institute of Technology (IIT) Kanpur, has announced the launch of INVEST — a fund focused on incubating startup which are working towards a social cause. The fund has been setup in collaboration with Technology Development Board (TDB) and the Department for International Development (DFID), Government of the United Kingdom.

The corpus of this fund is said to be Rs 7.5 crore and it will incubate 40 social startups that operate for-profit in the social enterprise space. Through the...

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