Nandan Nilekani, Bill Gates announce formation of 'Co-Impact'

Nandan Nilekani, Bill Gates announce formation of 'Co-Impact'

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A group of the worlds leading philanthropists, including Infosys chairman Nandan Nilekani today, announced the formation of Co-Impact, a new global model for collaborative philanthropy and social change at scale. It will invest USD 500 million in three critical areas health, education, and economic opportunity to improve the lives of underserved populations across the developing world, according to a statement released by Co-Impact.

The EkStep Foundation, co-founded by Rohini Nilekani and Nandan Nilekani, will serve as Co-Impacts technical partner by supporting a number of its programmes with their open knowledge and societal platform assets as well as capacity building, the statement said. "At EkStep Foundation, we are investing in creating open digital public goods. Our intent is for it to benefit an ecosystem of innovators who can create contextual solutions for the development sector through the Societal Platforms approach.

We support Co-Impacts visionary efforts of driving large-scale systemic development and are glad to be their Technical Partner in this endeavour," Rohini and Nandan Nilekani said in a statement. Co-Impacts initial core partners are Richard Chandler, Bill and Melinda Gates, Jeff Skoll, Dr Romesh and Kathy Wadhwani, and The Rockefeller Foundation, the statement said. In addition to its role as a core partner, The Rockefeller Foundation has incubated Co-...

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