{"id":42481,"date":"2017-11-18T15:52:28","date_gmt":"2017-11-18T23:52:28","guid":{"rendered":"http:\/\/siliconeer.com\/current\/?p=42481"},"modified":"2017-11-18T15:52:28","modified_gmt":"2017-11-18T23:52:28","slug":"nandan-nilekani-bill-gates-announce-formation-of-co-impact","status":"publish","type":"post","link":"https:\/\/siliconeer.com\/current\/nandan-nilekani-bill-gates-announce-formation-of-co-impact\/","title":{"rendered":"Nandan Nilekani, Bill Gates Announce Formation of \u2018Co-Impact\u2019"},"content":{"rendered":"

Microsoft founder Bill Gates with Chief Minister N. Chandrababu Naidu visit the exhibitions stalls in AP AgTech Summit in Andhra Pradesh, Nov. 17. (Press Trust of India)<\/em><\/p>\n

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A group of the world\u2019s leading philanthropists, including Infosys chairman Nandan Nilekani announced formation of \u2018Co-Impact,\u2019 a new global model for collaborative philanthropy and social change at scale, Nov. 15.<\/p>\n

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It will invest $500 million in three critical areas health, education, and economic opportunity to improve the lives of un-deserved populations across the developing world, according to a statement released by Co-Impact.<\/p>\n

The EkStep Foundation, co-founded by Rohini Nilekani and Nandan Nilekani, will serve as Co-Impact\u2019s technical partner by supporting a number of its programs with their open knowledge and societal platform assets as well as capacity building, the statement said.<\/p>\n

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Infosys founders Narayan Murthy and Nandan Nilekani during the announcement of the winners of the Infosys Prize 2017, and a panel discussion at Infosys headquarters in Bengaluru, Nov. 15. (Press Trust of India)<\/figcaption><\/figure>\n

\u201cAt 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-Impact\u2019s visionary efforts of driving large-scale systemic development, and are glad to be their Technical Partner in this endeavor,\u201d Rohini and Nandan Nilekani said in a statement.<\/p>\n

Co-Impact\u2019s initial core partners are Richard Chandler, Bill and Melinda Gates, Jeff Skoll, Dr. Romesh and Kathy Wadhwani, and The Rockefeller Foundation, the statement said.<\/p>\n

In addition to its role as a core partner, The Rockefeller Foundation has incubated Co-Impact and will provide staff, significant operating funds, and ongoing strategic support, it said.<\/p>\n

Olivia Leland, managing director at The Rockefeller Foundation and founding director of the Giving Pledge, is the founder of Co-Impact and will be Co-Impact\u2019s CEO, the statement said.<\/p>\n

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Microsoft founder Bill Gates meeting Uttar Pradesh Chief Minister Yogi Adityanath, in Lucknow, Nov. 17. (Nand Kumar\/PTI)<\/figcaption><\/figure>\n

\u201cWe believe that collaboration is critical to solving some of the world\u2019s most daunting social challenges,\u201d said Leland. \u201cOur goal is to build a community where philanthropists can work and learn together along with successful social change leaders to drive extraordinary results. Our hope is that over time more philanthropists will come together to pool resources and expertise to support great social change approaches and drive results at scale.\u201d<\/p>\n

Co-Impact expects to add additional core partners as well as co-investors interested in specific initiatives or geographic areas, the statement said.<\/p>\n

\u201cIn addition, a Co-Impact network will provide a broader group of philanthropists from around the world with an opportunity to contribute, exchange, and learn from Co- Impact\u2019s model,\u201d it added.<\/p>\n

Co-Impact\u2019s goal is to improve the lives of millions by advancing education, improving people\u2019s health, and providing economic opportunity so that all families, no matter where they live, have a more hopeful future, the statement said.<\/p>\n

Co-Impact will make its first system change grants in the first half of 2018, it said.<\/p>\n

\u201cThese grants will be informed by more than a year\u2019s worth of due diligence and field research. Systems change grants will be up to $50 million, flexibly structured, and will go to initiatives with proven leadership and results that are poised to scale even further. Co-Impact will also seek to unlock additional participation by governments and the private sector,\u201d the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Microsoft founder Bill Gates with Chief Minister N. Chandrababu Naidu visit the exhibitions stalls in AP AgTech Summit in Andhra Pradesh, Nov. 17. (Press Trust of India) A group of the world\u2019s leading philanthropists, including Infosys chairman Nandan Nilekani announced formation of \u2018Co-Impact,\u2019 a new global model for collaborative philanthropy and social change at scale,…<\/p>\n

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