IIM-Ahmedabad’s startup incubator CIIE (Centre for Innovation Incubation and Entrepreneurship) has partnered with Village Capital to invest in Bodhi Health Education and Parvata Foods, both selected in their Last mile Startup accelerator.
Last Mile, a four month accelerator program that increases access to underserved population, is a joint venture of Village Capital and CIIE, the culmination of which saw the two new ventures being selected by the peer-selection model. In the peer-selection model entrepreneurs themselves decide which two companies should receive $50k each in funding.
Bodhi Health Education aims to train over 60,000 frontline community health workers by leveraging low cost mobile technology coupled with eLearning in India and other developing countries in Asia and Africa over the next 5 years.
Parvata Foods intends at improving the living standards of farmers in hilly areas by integrating them in to the main value food chain by building a value chain in fruits, vegetables and spices from Sikkim and other backward states in North East (NE) and Eastern India. Presently Parvata Foods operates in Sikkim and their primary products are ginger, turmeric, buckwheat, chilli, pineapple and mandarin.
With most of India living in rural areas where lack of technological and logistical connectivity are serious issues, ventures like these could go a long way in helping to improve the living standards of the rural population.