Givfunds supported three start-ups of AIC!
Atal Incubation Centre, BIMTECH, Greater Noida recently closed the fundraising for its three incubatees, namely, Uneako, Energinee and ProBano led by Givfunds. These start-up owners are ready to take on their corporate social responsibility as aware and socially-driven entrepreneurs. Givfunds organization lends low-cost loans to South Asian social enterprises. Their ecosystem-level approach and tech-enabled processes help them unlock sustainable capital for social enterprises to create greater impact and to change lives. They have so far given 11 loans with a 100 percent repayment rate and through this, they have been able to impact 857 people to date. Uneako works at providing 100 percent biodegradable and environmentally friendly stationery and gifting products. Mr. Ankit Tripathi, Co-founder of Uneako is excited, to begin with, his “Jail Project'', wherein he will use the funds for training jail inmates to build their eco-friendly products. Through this project, Mr. Ankit also wants to ensure that the inmates start receiving income for themselves and their family members. Energinee Innovations is creating eco-friendly products by using the ash generated by burning incense sticks in temples to create craft items. The ash is usually dumped in the rivers which are very harmful to aquatic life. Mr. Aakash Singh, founder of this noble start-up has been giving employment to jail inmates by training them to make beautiful sculptures by making moulds of ash collected from the temples. He looks forward to using this fund to give employment to more jail inmates as well as working on new moulds and designs. ProBano provides online and offline career guidance to high school students through an innovative, technology-backed and affordable platform. Mr. Aditya Bose, founder, ProBano, wishes to expand his customer base in CSR initiatives such as Wipro foundation, Bharati Foundation, Nalco CSR, etc. He wants to conduct offline career guidance programs with government schools in rural areas across India in the states of Jammu and Kashmir, Delhi, Rajasthan and Karnataka. He also aspires to develop some kind of vernacular technology for different parts of the country for the students in rural areas. Mrs. Abha Rishi, CEO, Atal Incubation Centre, BIMTECH, Greater Noida is assured that this partnership with the Givfunds organization is a constructive step towards an inclusive start-up ecosystem.