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    Education Ministry recieves 1.12 lakh crore from the centre

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    Surge in education budget allocation

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    The union budget 2023-2024

    1.12 lakh crore has been allocated to Education Ministry, recorded highest

    1.12 lakh crore has been allocated to Education Ministry, recorded highest

    Private Universities in Karnataka Protest against the Use of ChatGPT

    Private Universities in Karnataka Protest against the Use of ChatGPT

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    Indian start-ups raised 33% less (YoY) in CY22 at nearly USD 24 billion; Early-stage funding grew by 12%: PwC India Report

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    France to increase its intake of Indian students manifold

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    IIT JEE Mains and IIT JEE Advanced eligibility standards will be loosened by the Education Ministry

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    Applications for Paramedical Programmes now Open

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    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

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    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

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    Updates regarding NEET UG Counselling 2021

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    Avanse Financial Services’ half-yearly results resonate with the growing demand among students to access quality education

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    How to get your dream specialty in INI CET counseling:  Tips by Gaurav Tyagi

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    “Societal Development is the aim of Space Technology: Dr. A S Kiran Kumar

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    The Future of education beaming with the new budget in hand

    The Future of education beaming with the new budget in hand

    The highest education budget ever

    The highest education budget ever

    Education Ministry recieves 1.12 lakh crore from the centre

    Education Ministry recieves 1.12 lakh crore from the centre

    Surge in education budget allocation

    Surge in education budget allocation

    The union budget 2023-2024

    The union budget 2023-2024

    1.12 lakh crore has been allocated to Education Ministry, recorded highest

    1.12 lakh crore has been allocated to Education Ministry, recorded highest

    Private Universities in Karnataka Protest against the Use of ChatGPT

    Private Universities in Karnataka Protest against the Use of ChatGPT

    Indian start-ups raised 33% less (YoY) in CY22 at nearly USD 24 billion; Early-stage funding grew by 12%: PwC India Report

    Indian start-ups raised 33% less (YoY) in CY22 at nearly USD 24 billion; Early-stage funding grew by 12%: PwC India Report

    France to increase its intake of Indian students manifold

    France to increase its intake of Indian students manifold

    IIT JEE Mains and IIT JEE Advanced eligibility standards will be loosened by the Education Ministry

    IIT JEE Mains and IIT JEE Advanced eligibility standards will be loosened by the Education Ministry

  • Academics
    • All
    • Admission
    • Exams
    • Internship
    • Results
    • Scholarship
    • Study Abroad
    Institute of Bakery & Culinary Arts Invites Application for Various Courses

    Institute of Bakery & Culinary Arts Invites Application for Various Courses

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

    WHISTLING WOODS INTERNATIONAL HOSTED THE 2ND EDITION OF THE MEDIA & COMMUNICATION-MASTERCLASS MARATHON FEATURING RENOWNED WOMEN LEADERS FROM THE M&E INDUSTRY

    WHISTLING WOODS INTERNATIONAL HOSTED THE 2ND EDITION OF THE MEDIA & COMMUNICATION-MASTERCLASS MARATHON FEATURING RENOWNED WOMEN LEADERS FROM THE M&E INDUSTRY

    MDI Gurgaon business school wins RPG Blizzard 2022

    MDI Gurgaon business school wins RPG Blizzard 2022

    Applications for Paramedical Programmes now Open

    Applications for Paramedical Programmes now Open

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    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

  • Ed-Leaders’ Corner
    • All
    • Higher Education
    • K12
    What can Indian medical students expect when pursuing a career in medicine :   Advice from St. George’s University School of Medicine in Grenada

    What can Indian medical students expect when pursuing a career in medicine : Advice from St. George’s University School of Medicine in Grenada

    Avanse Financial Services’ half-yearly results resonate with the growing demand among students to access quality education

    Avanse Financial Services’ half-yearly results resonate with the growing demand among students to access quality education

    Ireland opens opportunities for Indian students, announces on-  ground Education Fairs in November

    Ireland opens opportunities for Indian students, announces on- ground Education Fairs in November

    #StrongMindPalace – Building mental fortitude for life’s challenges

    #StrongMindPalace – Building mental fortitude for life’s challenges

    “Societal Development is the aim of Space Technology:  Dr. A S Kiran Kumar

    “Societal Development is the aim of Space Technology: Dr. A S Kiran Kumar

    Want to study abroad: These platforms are enabling the best scholarships for overseas education

    Want to study abroad: These platforms are enabling the best scholarships for overseas education

    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    New Globalization Redefines MBA

    New Globalization Redefines MBA

  • Jobs
    • All
    • Career Advice
    • Get a Job
    • Recruit
    How to get your dream specialty in INI CET counseling:  Tips by Gaurav Tyagi

    How to get your dream specialty in INI CET counseling: Tips by Gaurav Tyagi

    Deakin University introduces 12-month Master of Data Science (Global) in collaboration with Great Learning

    Around 4000 jobs posted everyday during the festive  season’22

    Around 4000 jobs posted everyday during the festive season’22

    OMOTEC to conduct 10-day Robotics Workshop for students

    OMOTEC to conduct 10-day Robotics Workshop for students

    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

    How to make your future bright in Naturopathy: Dr N K Sharma

    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

    Understanding the objective of fellowship is important

    Understanding the objective of fellowship is important

  • Events
    • All
    • Events
    “Societal Development is the aim of Space Technology:  Dr. A S Kiran Kumar

    “Societal Development is the aim of Space Technology: Dr. A S Kiran Kumar

    Wipro earthian awards 2021 felicitate excellence in sustainability education

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

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IIM Udaipur Launches India’s First Student-Driven Impact Investment Fund

IIM Udaipur Launches India’s First Student-Driven Impact Investment Fund

Editor’s Synopsis:

  • IIM Udaipur launched a unique student-driven initiative that focuses on developing and managing an investment fund that will invest in ventures focusing on generating environmental and social impact while giving risk adjusted financial returns. It is India’s first such student-driven Impact Investment Fundand an affirmation of IIMU’s initiatives that are encapsulated in their hashtag #ItStartsAtU
  • Ventures in 5 of the United Nations Sustainable Development Goals to be supported
  • Collaboration planned with global Ivy League colleges having similar funds, like Stanford GSB, UCLA Anderson, Microlumbia, etc.
  • Investees will get access to the IIMU ecosystem of mentors, professors, and functional clubs for consultation and use the talent pool for internships and live projects
  • Fund Size estimated to be 7 Crores in 5 years. Initial investments are already received to the tune of INR 45 lakhs from the Transworld Group and Mr. Yogesh Andlay.

 IndianInstituteofManagementUdaipurlaunchedastudent-managed Impact Investment Fund (IIF) focusing on investing in early-stage projects orstart-ups that create a social and environmental impact on society. The Impact Investment Fund(IIF) initiative aims to support entrepreneurs who have the potential to leverage their expertiseandskillstocreateanimpactforthesocietyandenvironmentinasustainablemanner.Ventureswillbesupportedin5Goalsfrom the United Nations Sustainable Development Goals – viz,Zero Hunger, Good Health & Well Being, Quality Education, Clean Water & Sanitation andAffordable&CleanEnergy

 IIFshallplayanimportant role by bridging the gap between potential investors in socialentrepreneurshipandentrepreneursbyscoutingtheIndianmarket,understandingthe

objectives of both investors and entrepreneurs, aligning the fund’s objective of creating animpact, and awarding the fund to the entrepreneur along with the knowledge and operationalsupport. IIF recognizes the industry of the project, the benefit of the product or service, andevaluatestheimpactitwillhaveonsocietyandtheenvironment.

The Fund will be an ‘Evergreen Fund’, operating financially within IIMU IC as a Section 8Company, with provision for co-investing. Fund size is estimated to be 7 Crores in 5 years.Approximately 12-17 companies will be invested in at any point of time. Individual Investmentsarecappedat15%offundsizeorRs.40lakhs.

The launch was announced through a webinar in which Mr. Nakul Zaveri, Managing Partner,Relativity Investment Management, Mr. Navneet Garg, CEO and Co-Founder Caya Constructs,andMr.RameshS.Ramakrishnan,Chairman,TransworldGroupofCompanies,spoke,.

In his address MrRamakrishanansaid, “When patterns are broken new worlds emerge.Evolution and growth are the only stimulants that keep us moving and impact projects are goingto be agents of change to bring. There has been an increased shift towards sustainability byinvestors globally in the last five years. At Transworld Group, the higher purpose of ‘DeliveringProsperity to Humanity’ is our guiding light motivating us in our endeavour to be a channel ofprosperity not just our shareholders or staff, but to an all-encompassing constituent covering ourassociates, humanity and the entire ecosystem. As investors, it is our responsibility to supportimpact investments that support social development and would help to achieve the UnitedNation’sSustainableDevelopmentGoals(SDGs)by2030.”

 Mr. Nakul Zaveri discussed the three most important things that impact should be aligned with.The impact should be globally acceptable while also being relevant to national/regional contextand adhering to standard metrics. He highlighted the importance of generating impact at scale,terminalvalueofabusiness,andofusingrelevantframeworksandmetricsinimpactinvestment.

 Mr. Navneet Garg advised that looking for the right business model before investing is crucialfor any impact investment. He also said that doing good is good business. It must be theessence of what we do. The focus should not only be on impact, but it should also be onsustainabilityaswellasgeneratingfinancialreturns.

 Mr. Yogesh Andlaysaid, “Social businesses have the potential of large-scale transformationand improve the quality of lives of millions of people.   IIMU Impact Investment Fund sourcedand managed by the students of IIM Udaipur is targeted towards seeding and catalysing suchsocialinnovativebusinesses.

 ThisfundwillprovideanexperientiallearningopportunitytothestudentstounderstandEnvironment, Sustainability and Governance issues. And build their capabilities to becomewholesomeservantleadershavingempathy,selflessness,andhumility.”

 On the launch of this initiative, Prof. Janat Shah, Director, IIM Udaipur, said, ” It is a matter ofgreat pride and satisfaction to see this student-driven initiative take seed in India through thecommitment and passion of our young students to societal good. It will help make a positivesocial impact through the venture investment and mentorship support it provides. Importantly, itwill also give the students an opportunity to put their classroom learnings to a practical, sociallyrelevant application, as they identify, mentor and grow the ventures to also deliver reasonablereturns to fund investors. It is an intrinsically valuable lesson to imbibe as a future businessleader.IhopethisinspiresstudentsfromotherinstitutionsinIndiatoalsotakethisup”

 The B-school further mentioned the impact investment fund is to create an impact benefittingsociety and our environment. Being the first student-led impact investment fund in India, intendsto promote a culture of impact investing in India by spreading awareness and inspiration to otherinstitutes.

Working with a Board of Directors, and Advisory Committees, all Fund operations, investmentsandexitswillbemanagedbytheStudents.TheFoundingStudentTeamhas18members.

IIFisalsolookingatcollaboratingwithGlobalImpactFundCollaborative,whichhas11institutesasapartofit(inclusiveofIIMU),Theinstitutesthatareapartofthecollaborationare,Berkeley-Haas Impact Fund, Chicago Booth – Tarrson Impact Investment Fund, Columbia – Microlumbia,Dartmouth – Tuck Social Venture Fund, Duke – Fuqua Sustainable Impact Fund, HBS – HarbusFoundation,IFIC-IESEImpactInvestingFund,LBS-StudentImpactInvestingFund,Michigan

-MichiganClimateVentureFund,Michigan-SocialVentureFund,Stanford-GSBImpactFund,UCLA-AndersonVentureImpactPartners,andWharton-WhartonImpactInvestingPartners.

Tags: IIM UdaipurProf. Janat ShahStudent-Driven

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