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Business EconomyPosted at: Jul 16 2021 6:48PM


Four Social startups get grant under RAFTAAR Covid support accelerator programme

Hyderabad, Jul 16 (UNI) : Four startups were selected for the RAFTAAR Covid support Accelerator program and will be supported by grants up to INR 3 lakhs and other non-financial support.
RAFTAAR was launched by AIC (Atal Incubation Centre)-IIITH, with EPAM Systems , a leading global provider of digital platform engineering and development services, to support social impact-focused startups disrupted by COVID.
The selected startups are - Jivoule Biofuels -Waste Management, Tekra Solutions Pvt Ltd (myUDAAN) - Healthtech, Intech Harness Pvt Ltd -Agritech and ClimateXos – Environment, AIC-IIITH Foundation is an Atal Incubation Center set up exclusively for incubating and supporting tech-based social enterprises, said in a release here on Friday.
AIC-IIITH, situated in the Centre for Innovation and Entrepreneurship (CIE) at IIITH - one of the oldest tech incubators in the country, supports tech-based social startups.
The RAFTAAR program is a part of EPAM’s CSR effort to make sustainable social impact and will support four for-profit social enterprises with a bridge grant of up to INR 3 lakhs and other non-financial support.
These and other similar startups using technology to improve access and impact in areas like Healthcare, Agriculture, Environment and circular economy can help move the needle on India’s efforts towards the UN Sustainable Development Goals.
This program helps them overcome the disruption caused by COVID-19 on their business operations and help amplify their impact and/or make them sustainable.
“We value knowledge-sharing and education so much within EPAM and are proud to sponsor a variety of technology-related initiatives that act as a driving force for good, especially social impact-focused startups that have been greatly impacted by the pandemic,” said Shamilka Samarasinha, Head of Corporate Social Responsibility at EPAM.
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