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One of the leading family foundation which has been founded 15 years before to improve education and children’s health in Central Texas had gone global and now is looking to bring in their own incubator in India.
Speaking on the development Rahil Rangwala, the Director at Michael and Susan Dell Foundation said “The Foundation will start by identifying founders and then work closely with them on the business model that find solutions to the common yet important problems of the society. The foundation aims to combine bold thinking with real-world experiences and hard data. The incubator will look at early-stage companies that offer financial inclusion, digital empowerment, job creation and services in other such impact areas. Apart from this, the foundation will also offer seed funding to the startups. We firmly believe that true progress and transformative, sustainable change is the product of time, hard work, and a willingness to stand shoulder-to-shoulder with those who live and breathe the challenges we aim to overcome.”
Michael and Susan Dell foundation has invested more than has invested more than $172 Mn (INR 1,100 Cr) in various non-profit and social enterprises in India and including some of the Startups in the EdTech. One of the recent Startups which received funds was OnlineTyari.com