ACT Capital Foundation
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About ACT Capital Foundation[edit]
ACT Capital Foundation For Social Impact.[1] (also known as ACT Grants) is an Indian non-profit venture philanthropy platform, incorporated under Section 8 of the Indian Companies Act, 2013.
The organisation was started by a group of venture capitalists, tech entrepreneurs and social impact leaders who came together in 2020 to fight the COVID crisis in India by actioning prevention protocols, providing oxygen concentrators & pioneering tele-ICU services, driving vaccinations & enabling mental health counselling.[2][3] Anushka Sharma & Virat Kohli were one of many donors who supported ACT in their efforts.[4][5]
ACT Capital Foundation has now pivoted to several other focus areas like education, healthcare, climate action and gender inclusivity[6][7]. As a philanthropic organisation, their grants are given as seed capital to incubate and accelerate capital efficient innovations that have demonstrated ability to address identified social need gaps at scale. In addition to providing funding, they also work with grantees on their strategy as well as operations and provide them with expert mentorship to steer their journey.
ACT believes that collective action has the power to achieve social impact at scale and that everyone can be a co-founder of social change.[8]
Areas Of Focus[edit]
ACT For Education[edit]
Aims to enable the bottom three quartiles of India’s population to learn at home by harnessing the power of affordable, accessible and high-quality ed-tech interventions.[9]Their grantees include Rocket Learning, CuriousJr[10], Unicef Yuwaah Nxt[11], Top Parent, Convegenius, Kutuki, Josh Skills & VOPA[12]
ACT For Health[edit]
Aims to improve access to quality and affordable healthcare in the areas of primary care, diabetes, cancer, tuberculosis and mental health. Their grantees include Coronasafe, Intelehealth, iWill, Niramai, Periwinkle, Saathealth, Swasth Alliance, Navya Cancer Care, Wysa & BHS.[13]
ACT For Environment[edit]
Aims to catalyse climate action through innovations to achieve net zero carbon emissions, water security and land rejuvenation. Their grantees include Farmers For Forests, CEC, Ambee, Fibsol, AP Chemi, Brisil, Nurture Farm, Revy, Pi Green Innovations, Agri To Power, AP Chemi & Bounce Infinity.[14]
ACT For Women[edit]
Aims to drive best practices on women’s workforce participation & gender inclusivity that are vital to economic growth & prosperity. This is the only vertical that doesn't have grantees yet as they're starting with a state of the startup sector report to assess enablers, disablers and best practices on women's workforce participation.[15]
References[edit]
- ↑ "Home". ACT Grants. Retrieved 2022-09-22.
- ↑ "Jumping into ACTion!". ACT Grants. 2022-03-11. Retrieved 2022-09-22.
- ↑ "Startups join battle against COVID-19; a look at how they are helping India breathe again". cnbctv18.com. 2021-04-26. Retrieved 2022-09-22.
- ↑ "Our Donors". ACT Grants. Retrieved 2022-09-22.
- ↑ "Virat Kohli, Anushka Sharma donate ₹2 crore in COVID-19 fight". The Hindu. PTI. 2021-05-07. ISSN 0971-751X. Retrieved 2022-09-22.
- ↑ "Our Story". ACT Grants. Retrieved 2022-09-22.
- ↑ Bora, Garima. "Learning from 2020, ACT Grants wants to solve societal problems beyond Covid-19 with Rs 500 cr fund". The Economic Times. Retrieved 2022-09-22.
- ↑ "Our Story". ACT Grants. Retrieved 2022-09-22.
- ↑ "ACT For Education". ACT Grants. Retrieved 2022-09-22.
- ↑ Kahekashan (2022-07-07). "CuriousJr collaborates with ACT to build a more effective platform for education". www.thehansindia.com. Retrieved 2022-09-22.
- ↑ "ACT EdTech Fund, UNICEF and YuWaah, come together to support the development of employability and life skills for Young People". India Education | Latest Education News | Global Educational News | Recent Educational News. 2021-10-27. Retrieved 2022-09-22.
- ↑ Contributor, Guest (2022-08-16). "One Man Brings Free, High-Quality Education to Lakhs in Maharashtra's Backward Regions". The Better India. Retrieved 2022-09-22.
- ↑ "ACT For Health". ACT Grants. Retrieved 2022-09-22.
- ↑ "ACT For Environment". ACT Grants. Retrieved 2022-09-22.
- ↑ "ACT For Women". ACT Grants. Retrieved 2022-09-22.
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