IIM Udaipur launches India's first student-driven impact investment fund
Abhiraj P | February 3, 2022 | 03:04 PM IST | 1 min read
IIM Udaipur student-driven fund to support startups that focus on UN sustainable development goals
NEW DELHI: The Indian Institute of Management (IIM) Udaipur has launched an impact investment fund (IIF), which will be managed by students, to invest in ventures which focuses on making an environmental and social impact. IIM Udaipur claims that this is India’s first such student-driven impact investment fund.
According to a statement from IIM Udaipur, the IIF will support those ventures that focus on five of the United Nations (UN) sustainable development goals (SDG), such as zero hunger, good health and well being, quality education, clean water and sanitation and affordable and clean energy. The institute has also planned for collaboration with Ivy League colleges which has similar funds.
Also read | Budget 2022 Live Updates: 'Big win' for education, 'nothing for common man', experts give mixed reaction
“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,” said the statement.
IIM Udaipur estimates the impact investment fund size for five years to be about Rs 7 crores. The institute has said that it has so far received investments amounting up to Rs 45 lakh from the Transworld Group and Yogesh Andlay.
Also read | Cannot compare new IITs to IIT Bombay, Madras: IIT Hyderabad director
"It is a matter of great pride and satisfaction to see this student-driven initiative take seed in India through the commitment and passion of our young students to societal good. It will help make a positive social impact through the venture investment and mentorship support it provides. Importantly, it will also give the students an opportunity to put their classroom learnings to a practical, socially relevant application, as they identify, mentor and grow the ventures to also deliver reasonable returns to fund investors,” said Janat Shah, director of IIM Udaipur.
Also read | Centre’s spending on research, fellowships shows massive decline in past 5 years
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Next Story
]Featured News
]- IIIT Allahabad fines B.Techs who accept campus placement offers and then take other jobs, allege students
- Tamil Nadu: Chennai LKG fees highest in state; fee details of thousands of TN private schools public
- GMR Aero Technic’s aviation course produces professionals airlines can deploy from day one: President
- No more ‘half-baked doctors’: NMC scraps 2-year PG medical diplomas; over 3,300 seats will go to MD, MS
- MBBS interns seek uniform stipend policy as amounts vary wildly and private medical colleges underpay
- NEET UG 2026 Re-Exam: 20 Goa candidates denied extra 15 minutes at centre, demand inquiry
- ‘Not fashion design’: JK Lakshmipat University focuses on design as tool to solve problems, says director
- Three years on, BUHS has left 2 lakh paramedical students with no exams or results and a bleak future
- NEET Exam: Why more women qualify, top the lists, but still can't make it to AIIMS
- Anna University students piece together BTech courses as faculty gaps lead to fragmented teaching