Omidyar Network India commits $2 million to The Nudge Foundation
Image credit: ET Tech
Omidyar Network India, a “philanthropic investment firm”, has committed a core grant of $2 million (about Rs 14.5 crore) to The/Nudge Foundation to support the non-profit organisation’s efforts to catalyse large-scale social transformation.
Established in July 2015, The/Nudge Foundation aims to alleviate poverty by way of its three impact streams:
- The Centre for Rural Development, which concentrates on tackling extreme poverty in rural areas, enabling sustainable livelihoods, food security and access to welfare schemes.
- The Centre for Social Innovation, which incubates or accelerates non-profit startups to draw talent, capital and resources into the development sector via public-private partnerships.
- The Centre for Skill Development and Entrepreneurship, which is focused on developing employability of youth in service sector jobs.
The/Nudge has reached more than 15 million people as of last year, with 70-plus corporate and philanthropic foundation partners and over 2000 individual donors, according to a statement.
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