INDIA New England News
Shikhar Ghosh (Photo: HBS)
BOSTON Entrepreneurship continues to thrive during a year of unprecedented challenges, with innovative founders identifying novel solutions that meet ever-changing demands and solve new problems. The remarkable entrepreneurs announced as winners during the virtual 24th annual Harvard Business School New Venture Competition (NVC) on Tuesday, March 30 are no exception.
The 22 student and alumni finalist teams pitched for a share of the $325,000 in cash as well as in-kind prizes. The top four teams within each of the three tracks Student Business, Student Social Enterprise, and Alumni made it through a multi-round judging process and vied for the runner-up and grand prize. Viewers also had the opportunity to select a crowd favorite within each of the three tracks, with a prize value of $5,000. In a separate process, hard technology ventures competed for the $10,000 Tough Technology Prize (pdf).
Application submitted to build over 1,000 homes in Romford
romfordrecorder.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from romfordrecorder.co.uk Daily Mail and Mail on Sunday newspapers.
The Brief: Crowdfunding takeoff, SPAC for Black tech founders, African seed fund, climate tech ventures, stock-exchange faceoff
impactalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from impactalpha.com Daily Mail and Mail on Sunday newspapers.
Northern Arc raises $10 mn in ECB from Calvert Impact Capital
March 11, 2021
×
Northern Arc Capital, a non-banking finance company (NBFC) that provides access to debt capital for under-banked individuals and businesses, announced that it has raised $10 million in debt through external commercial borrowing (ECB) from US-based impact investor Calvert Impact Capital.
The funding is Calvert Impact Capital’s largest debt investment in India so far.
In a press release, Northern Arc said that it will deploy the funds towards on-lending to financial institutions as well as lending directly to retail customers and to mid-market corporates.
“Underbanked customers, including low-income households and small businesses, to whom credit has dried up over the last few months due to the pandemic, will be key beneficiaries of the proceeds,” the NBFC added.