Infosys co-founder Nandan Nilekani has pledged a grant of $200,000 to The/Nudge Foundation, a not-for-profit organisation. The Foundation focuses on sustainable poverty alleviation at scale. The Foundation made an announcement to this effect at the GMIC Conference, here on Thursday.
The/Nudge Foundation is the social partner for the GMIC Conference. Additionally, the foundation received contributions of $50,000 from GWC (Great Wall Club), $75,000 from InMobi and $40,000 from Paytm at the event’s fundraiser, the Foundation said in a statement.
Commenting on the grant, Nandan Nilekani who is also the former Chairman of the Unique Identification Authority of India (UIDAI) said, “The demographic dividend is one of India’s biggest opportunities but is also a big challenge. The Nudge Foundation is focused on giving our underprivileged youth a decent second chance in life by investing in them in a unique learning environment. I am glad to support this initiative. We need projects like these to succeed at scale and speed.”
The/Nudge Foundation hopes to impart life-skills, literacy as well as livelihoods to the poor in an integrated fashion at residential “Gurukuls”. The Foundation, which was launched on July 27, 2015, already boasts of an illustrious team of Board & Advisory members including, Arun Seth, Ex-chairman, British Telecom & Alcatel Lucent, Hugo Barra, Vice President, Xiaomi, Pramath Raj Sinha, Founding Dean, ISB, Naveen Tewari, Founder & CEO, InMobi, Vijay Shekhar Sharma, Founder, Paytm & One97, Manish Dugar, Chief Financial Officer, InMobi and Neeraj Arora, Vice President, Whatsapp.
“The Foundation is extremely honored to be receiving this grant from Nilekani. Naveen and Vijay have also provided the foundation with tremendous support, and we are very grateful for that. The money pledged by each of these visionaries will enable the Foundation to reach its goal of pulling 1 million people sustainably out of poverty by 2020 at a much faster pace,”Atul Satija, Founder & CEO, The/Nudge Foundation said.