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Corporate biggies to back non-profit startups for alleviation of poverty
A Bengaluru-based non-profit that is backed by several industry bigwigs and bodies including Nandan Nilekani and Tata Trusts is launching what is perhaps the first ever incubator to support non-profit ventures working towards pulling people out of poverty. The Nudge Foundation, as it is called, will offer Rs 10 lakh seed-grant to each selected startup along with an intensive six-month incubation. Applications have just been opened up for the first batch.
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