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i-genius Asia Summit on Social Entrepreneurship : Is Asia Up to the Challenge?

by Paul Joseph February 2, 2012 Featured

i-genius will be holding an Asia Summit on social entrepreneurship hosted at the Banyan Tree, Bangkok on 1st – 2nd March, 2012. i-genius is a world community of social entrepreneurs with members in over 171 countries. Established in 2007, it provides a community website, media profile, i-genius Academy training and events . Under the theme, “Is Asia up to the challenge?” the i-genius Asia Summit will examine the potential for social entrepreneurship in the fastest growing region in the world and explore how it can be raised to a even higher level over the coming decade. Professor Kriengsak Chareonwongsak will open the Summit with a lecture on “What the future holds for Asia” and participants will then address seven challenges over the two days, namely: Challenge 1: SWOT Asia – identifying regional strengths, weaknesses, opportunities, threats Challenge 2: Customers First! Expanding markets for sustainable growth Challenge 3: Skills and Knowhow – making training and development relevant Challenge 4: Finance and Investment – getting the cash to flow Challenge 5: Designing a legal and regulatory frameworkfor governments Challenge 6: Developing Networks, Partnerships and Engaging Stakeholders Challenge 7: Good Communications – awareness raising and generating media profile Each challenge will be supported by a ‘scene setting’ introduction and results from i-genius’ pan-Asia survey. There will also be case studies on relevant topics such as eco-entrepreneurship. The format will be round-table conversation style with minimal formal presentations thereby giving participants a real opportunity to dig deep and contribute to the topics. To register please  click here  . Visit i-genius on their website here .

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Amazon launches Junglee in India : Doesn’t sell products directly

by Paul Joseph February 2, 2012 Featured

So the wait is over. The name synonymous with e-commerce  globally Amazon, has an India specific offering in the form of Junglee. But unlike the global site Amazon.com, Junglee is not selling products directly but lists products from online and offline retailers in India and from Amazon.com. Some of the retailers using the marketplace are Homeshop18, UniverCell, Hidesign, Gitanjali, The Bombay Store, Fabindia, Bata India Limited, Dabur Uveda, Microsoft India Store, Reebok, and Amazon.com. The website says that they have over 1.2 crore products and 14,000 brands. The selection includes more than 90 lakh books and 30 lakh products. Junglee features more than 25 categories including mobile phones, cameras, toys & games, baby products, books, music, movies & TV, clothing, jewellery, kitchen & home products. “You cannot buy directly from Junglee. Junglee puts you in touch with sellers by directing you to their websites, displaying their customer service phone numbers and providing their physical store locations to help you buy the products directly from sellers” reads their FAQ section. Some of India’s biggest e-tailers are conspicuous by their absence. Will they see this as a marketplace or as competition is something we have wait and watch.

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Toubé Bäs: An Online Store for T-Shirts that make a Strong Statement!

by Paul Joseph February 2, 2012 Featured

“No-nonsense t-shirts about a passion, or a cause.” That, dear readers, is Toubé Bäs for you! Based out of Mumbai, Toubé Bäs is an online store for funky Tee’s with a message that portrays a passion. The USP of Toubé Bäs is that the t-shirts are more ‘customer-centric’ as they talk about passions (like football or tennis) or emotions about a certain thing, rather than being ‘design-centric’. Other t-shirt companies generally create cool designs first and then push them to the customer. So if you are expecting floral prints or butterflies, ‘Error 404’ . You are at the wrong webpage! What you may seek and what you shall find in the t-shirt designs here is a print with a purpose. Not an erratic design but a meaningful statement. A mysterious thing about Toubé Bäs, that I’d love to tell my readers about, is their policy of new releases. So a new print t-shirt strictly releases on the 13 th  of every month. Spooky, eh? And with that, the t-shirts are limited edition. Another quirky fact about the company is that only 501 t-shirts of a kind are sold. Ever! That means, Toubé Bäs will keep making t-shirts and release one t-shirt on the 13 th of every month; of which, a particular design will only sell 501 t-shirt units – after which they just burn the frame! So who is behind this wacky label? Sorabh Sodhani stirred up his creative cells to materialize this business idea. He did his B.Tech followed by an M.Tech from IIT Bombay, specializing in Metallurgical Engineering and Material Sciences. He then completed his MBA in Sports Management from Coventry Business School, UK. “I wouldn’t call it a business idea yet. It’s just that I make t-shirts about certain passions and put them up just in case someone finds them interesting enough to buy” , Sorabh points out. Speaking about how Toubé Bäs started, Sorabh says, “It all started when I made a t-shirt about football, my biggest passion, and my football playing friends in Bangalore started buying them. That was when I was getting frustrated as the CEO of MeraSport Technologies in Bangalore. We were not getting anywhere as a startup, so I decided to make things roll with an online store!” And so it did! With an initial capital of Rs. 2500/- Sorabh launched Toubé Bäs on February 13 th , 2009. He gets the printing done in Bengaluru and sources the shirts from Tirupur. As he successfully managed to get Toubé Bäs organically funded, he doesn’t plan to raise funds for now. He is not even looking at starting his own stores since it may become an expensive affair and then he’d have to push the costs down to the customers. A one-man team, Toubé Bäs has close to 100 unique visitors each day in the age group that ranges from 15 to 50. Their market size is equivalent to the number of people who are passionate about something in their lives. People who have ‘spotted their flower’, if I were to borrow a phrase from ‘Adaptation’. With that, they make 90% domestic and 10% International sales each year. “People have warmed up big-time to the idea of t-shirts not being just a piece of cloth, but a statement of intent, a medium of expression. T-shirts do not hide as much as they really reveal!” says Sorabh. Preachers of passion have to be passionate people themselves. And Sorabh is no different. A sports freak, Sorabh has represented Mumbai in the Ultimate Frisbee sport with the Mumbai team: Storm Chasers. He has been a professional football referee with WIFA affiliated Bombay Football Referee Association and has organised Ultimate Frisbee clinics for children in rural areas for community development through sports. He’s a passionate runner, cyclist, football player (playing in the MDFA league), volley ball player and owns “Run Bombay76”, the official merchandise store of IIT Bombay. And how has the response so far been? “Heart-warming. I don’t care so much about the sales, but I have made some really cool friends who are so, so passionate in life, that it is inspiring!” he chirps. To wrap it up in a nutshell, I rephrase V, of the Vendetta fame, to put this any better, for “Beneath this shirt there is more than flesh. Beneath this shirt there is an idea, Mr. Creedy, and ideas are bulletproof.” J So whilst I search for an Arsenal jersey on  Toubé Bäs , please share your thoughts about this venture by dropping a comment here! Author – Abhilasha Dafria

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My Startup Failed, But It’s OK

by Paul Joseph February 2, 2012 Featured

This is a post by Ben Dowling. He is a software engineer based in London, UK. He is currently lead server engineer at Lightbox.com, prior to that he was co-founder of Geomium, and prior to that he was a founding engineer at Mendeley. It’s now been more than 18 months since I wrote about  taking the leap  from being an employee to working full time on my startup, Geomium. At the time I was full of mixed emotions. I was hugely excited about the possibilities that lay ahead, and also hugely apprehensive about leaving behind the safety net of employment to go all out own my own. Fame and fortune would  obviously  await me if it all went right, but what would happen if it all went wrong? I had a wife a daughter to support, I couldn’t let them down! You’ve got to feel the fear and do it anyway though, right? Well, we did fail. Geomium had been in a state of limbo since April last year, but I finally pulled the plug in November when I emailed Geomium’s 50,000 users to tell them that we were discontinuing the service. The website will live on in a different form, but the Geomium that we’d envisaged back when I wrote the post, the Geomium we’d been trying to achieve for all that time, the Geomium that we hoped we could create is dead. Things didn’t work out for a whole variety of reasons. I’m sure we didn’t fail in any particularly new or exciting way, and probably made  mistakes that have been made thousands of times before , so I’m not going to dwell on what went wrong or what we could have done differently. What I am going to focus on is two of the biggest takeaways… Sometimes you have to learn things first hand Not only were none of the mistakes we made novel, a lot of them were mistakes I’d read about before and was sure I’d avoid. I then went on to make them anyway. I think the reason is that when you read about mistakes that other people have made, or the right way to do things, it’s often in an abstract way that won’t apply directly to your own situation. It can therefore be difficult to recognise the advice you’ve read. However, once you’ve made the mistake yourself it’s a lot more concrete, and more easily recognised in the future. As valuable as reading all the books, reading all the blogs, and doing all your research is, sometimes it’s just a case of getting hard earned experience. The only way to do that is to jump in, and get your hands dirty. I’ve definitely got many more mistakes to make, and many more lessons to learn, but hopefully there’ll be a few that I’ll manage to avoid next time. The worst case scenario isn’t as bad as you think By far the biggest lesson for me was that failure isn’t anywhere near as bad as you think it might be. Even when everything goes wrong, it’s actually OK. Instead of ending up destitute and homeless a load of new opportunities came out of the experience. It was at Seedcamp, where Geomium were finalists in January 2011, that I met one of my partners on  BusMapper , which is now a successful side project. Another opportunity came out of a VC pitch. We pitched Geomium to a lot of the top VC firms in London, and it was when pitching Index Ventures that I met Thai Tran. I’m now working full time for his startup  Lightbox . Had I not taken the leap I’d have missed these opportunities, and others. Keep On Failing, Keep On Trying I’m still really disappointed that we couldn’t make Geomium a success, but I’m pleased I tried, and I learnt a lot along the way that I’ll be able to apply to other projects in the future. If you’re thinking of taking the leap, but worried about what happens if it all goes wrong, don’t. Chances are it will go wrong, but you’ll learn a lot along the way and expose yourself to even more opportunities. Once you’re not afraid to fail there’s no stopping you! This is a cross post from Ben Dowling’s blog  Coderholic . Follow Ben on Twitter  here . 

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Microsoft Advertising Invites Marketers and Agencies in India to Join Global Creative Storytelling Contest

by Paul Joseph January 31, 2012 Featured

Do you think the storytelling element is missing from most marketing campaigns these days? Microsoft Advertising’s storytelling platform aims to change that. Today they announced the launch of The Microsoft Advertising Story Awards, which is a creative storytelling contest. Marketing and branding professionals and agencies from 30 countries around the world have been invited to submit a campaign idea for a brand or non-profit of their choice. The campaign idea needs to be a hypothetical digital media plan (a creative idea) for the brand or non-profit of the marketers choice. The media plan should address a ‘key business challenge’, which the organization is expected to face in 2012/13. This award competition does not judge work which has already been done. Rather it provides branding experts a unique opportunity to create an innovative media plan for a brand using the technology and solutions offered by Microsoft Advertising. Mr. David Sable, Global Chief Executive Officer, Y&R (also the head of the global judging panel for this contest) summed it perfectly when he said, “Rather it is all about inspiring digital marketers to take their discipline back to its roots by developing fresh ideas that focus on reaching a target audience with a powerful story”. So a marketer can use MSN, Windows Mobile, Windows Live, Xbox, Microsoft Messenger, etc for this exercise. Entries from India will be judged by some of the leading names in the country’s marketing industry, including Tushar Vyas, Managing Partner-South Asia of Group M, Anita Varma, Director, Digital Driftwood Pvt. Ltd and Florist Van Hjeist, General Manager-Marketing & Operations at Microsoft Corp. The contest has been split into two phases. The first phase is the local heat. In case of India all entries need to be sent in by 31 st March, 2012. The winners from every local heat will progress to the second stage, which will be the global finals. Two winners will be selected and will be crowned with the Global Microsoft Advertising Story Award 2012. The winners will also get a chance to travel to the Cannes Lions Festival of Creativity 2012 as Microsoft Advertising’s guests, which is slated to take place between the 17 th and 23 rd of June in Cannes, France. Microsoft India Pvt. Ltd’s Country Director of Advertising and Online, Mr. Neville Taraporewalla provided a great insight about Microsoft’s objective of launching this contest. He said, “At Microsoft Advertising, we have initiated this unique contest to highlight the wider focus of the business, which is to help brands step back from the clutter, and put storytelling back at the heart of marketing.” For more information on how to enter the competition, check out the Microsoft Advertising Story Awards website . To register for the Contest click here .

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Education Technology Startup eDreams Software Raises Investment from Mumbai Angels

by Paul Joseph January 31, 2012 Featured

Bangalorebased education startup eDreams Software raises investment from Mumbai Angels. Their flagship offering Funtoot is an intelligent personalized tutor that teaches children in a fun and interactive manner. Currently, 1000 students across three schools use Funtoot. Speaking about the investment, Anil Joshi of Mumbai Angels said, “There is a strong need among the parent community for personalized attention for their kids, and Funtoot solves this problem in a very interesting manner using technology.” Also, speaking about the team, Anil said, “Rajeev Pathak ( founder of eDreams Software )  is a BITS Pilani alumnus and has experience of leading teams in companies like Wipro. Rajeev has successfully built a very good team at eDreams” The investment happened as a part of Bloomberg UTV’s Pitch. The size of the investment is INR 5 crores. For further details, please visit  http://www. edreamssoftware.com/  and we shall soon bring to you a story on Funtoot.

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Oystor: Cloud based offering to simplify your world

by Paul Joseph January 31, 2012 Featured

Over the years, investments in IT has facilitated large companies to manage data, files and information better, but that knowledge has not been extended up to a desired level to individuals and small business owners. This issue is being tackled by m9 Tech Solutions with their product ‘Oystor’. “Data today resides in many forms which make it difficult to manage. We see the need for secure point-to-point document transaction and retrievals and want to fill in that gap for businesses and consumers alike”, says Krishna Prasad, founder m9 Tech Solutions. We got in touch with Krishna to know more about Oystor. Key Features  Omnipresence:   Oystor is a secure online document and information management system that helps busy families and small businesses manage what matters most precious documents like birth certificates, education certificates, health records for the family or finance, legal, customers, employee records for the business. It is one place that is accessible anytime, anywhere from your PC. Scan: Every organisation or even a family has lots of vital information stored in paper documents. At Oystor, we strive to provide a robust solution that not only encompasses storing and sharing, but digitization services as well. Our partners will help to scan and upload your documents at their retail outlets or for businesses, onsite at your premise. Share: The Share aspect of Oystor makes transacting with your real estate, doctors, insurance agent or lawyer easy. You can quickly find the documents you need and share it with them. Store and simple search: Oystor is a safe warehouse where you can put in all your important files and documents with a sense of security. By simply filing your documents into common and intuitive categories and adding tags or details to them, search is pretty easy. Media also has a separate category. Other features include collaboration, centralized administrative console, enhanced search and total synchronization. Tell us a bit about yourself, your background and work experience. A true Bangalorean, graduated in commerce from St.Josephs College having more than a decade’s experience in Sales, Call Center Management, Operations, Business Process Improvement, Training, Logistics and prior to Oystor, was working with Dell as Supply Chain and Logistics Manager for India Consumer and Retail and am a certified PMP and Six Sigma professional. Where are most of your customers from?  Oystor is already delivering value to a number of professionals and businesses. Oystor has been successfully deployed at law firms, accounting firms, design studios and IT companies. A good example has been that of Oystor being used as a billing system.  Instead of mailing or emailing invoices, they simply upload invoices and other supporting documents onto Oystor and share it with their clients, logistics providers, accountants and employees. What was the technology used to build the platform? We use Cloud technology. It’s not so much about following trends as it was about what makes sense.  The cloud is a smarter, sensible and more convenient architecture.  It gives us flexibility to deliver a solution to a wider spectrum of users, be it enterprise, small and medium businesses or consumer. This technology, coupled with the rising capabilities of smart phones, tablets and laptops, helps ensure that everyone in and out of the office is able to access the most updated information. This is especially so with the way businesses are no longer bounded by the four walls of the office. There are a few other products with similar offering. How do you differentiate? It’s important to have documents and data readily accessible to facilitate important events such as University admissions, Property buying or selling, Loan applications, to name a few.  These processes touch large corporations like banks as well intermediaries like lawyers, brokers and agents, as well as the end customer. Along with our technology and service partners, Oystor provides a single platform that allows Secure Storage Sharing (with access rights), Collaboration, and Workflows Business Networking And Information Management, all in the cloud. How does the revenue model work?  Our business model is based on an annual subscription model which is On-demand, meaning the user can select the features, plan and the storage requirement. How big is your team? Where are you based? We are close to 20 people, majority of them in the development center located in Chennai, while our marketing team works out of Singapore. We are currently hiring in Bangalore and other metros for business development and are partnering with technology clients and scanning solution providers. Which cloud platform are you hosted on?  We are hosted in a robust infrastructure provided by Singtel as well as Amazon. What are your views on the digital world increasingly moving on to the cloud? Having an infrastructure designed to digitize, store, search, retrieve, reproduce, authenticate, validate and publish the data to facilitate some of the process mentioned above will produce huge efficiencies for both the provider as well as the requester of the data.  This data will be managed with all the features of security, privacy, standards-based, back-up as to make it useful and accessible whenever and wherever needed.  To move it from its point of origin to any point of need quickly and efficiently—is imperative to support the various demands that will emerge in the future. Oystor is currently offered Free for individuals to try and give their feedback. Also, there is a referral prize with a chance of winning an iPhone4S. Log on to Oystor.com for further details   

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The Other 99% Of Entrepreneurs

by Paul Joseph January 30, 2012 Featured

In my recent piece  Reengineering Capitalism  I highlighted a phenomenon that the global entrepreneurship ecosystem is paying very little attention to: Over 99% of entrepreneurs who seek funding get rejected. Yet, the entire world is focused on the 1% that is “fundable.” The media, when pitched a startup story, is interested in who funded the venture. They seldom ask how much revenue the company has or if it  is profitable. Incubators take pride in how exclusive they are and how many “deals” they “reject.” Angels and VCs, of course, discard most of their “deal flow.” And entrepreneurs? They seem to have confused the definition of entrepreneurship altogether. Entrepreneurship, they mistakenly believe, equals financing! This is wrong. There are numerous stories of successful businesses that have been built without a penny of outside financing. I want to share with you some wisdom from the heroes of the other 99%. They live in a world of entrepreneurs who enjoy their freedom and are not looking to sell their businesses or take them public. You could say these businesses are built-to-enjoy, as opposed to built-to-flip. Needless to say, outside financing, by definition, requires an “exit,” and for most businesses, that means a sale to a larger company. But the entrepreneurs I will introduce you to today are not interested in selling their companies. They just want to continue doing what they are doing: building value. Meet Girish Navani, CEO of eClinicalWorks, a super-successful healthcare IT company based in Boston. He has never taken any funding but has built a $100 million-plus business by delivering value to customers. Girish says, “I don’t foresee leaving the company for at least 10 years. I would like to leave it a private company with no external investors and absolutely no thoughts whatsoever about Wall Street. I am having fun and take great pride in my freedom. There is no reason I would give that up. We are a cash flow positive company. We have recurring revenues and no debt. We have a large customer base that is growing exponentially.” [You can read Girish’s full story  here .] Meet Andrew Fox, CEO of ClubPlanet, a $30 million-plus nightclub ticketing services company that is also 100% founder-owned. Andrew loves nightlife and says, “The business is very successful and has a lot of room for growth. I think that we have a lot of suitors out there who mention really ridiculous numbers at times. This is such a great lifestyle business that I don’t know if I could ever sell it. All of my previous businesses I built to sell, but this time around you might find me right here in thirty years. I hope by then it is $300 million a year. Based on our growth trajectory, we are seeing really good signs of improvement. [You can read more of Andrew’s story  here .] Then there is the oft-cited Sridhar Vembu, who has turned all tables with Zoho, a $100 million-plus SaaS company that competes with Google, Microsoft, and Salesforce.com without a penny in outside capital. I have had numerous conversations with Sridhar over the years, and each time he reinforces the same basic philosophy: “I want to build this without outside capital. I don’t want to sell the company.” [You can learn more about Sridhar’s methods  here .] Each of these entrepreneurs could raise money in a nanosecond given how much success they’ve had. The fact that they don’t gives you an idea about the advantages of the self-financed, organic growth model. No matter how much Wall Street gyrates, these entrepreneurs experience and demonstrate a level of stability and steadiness that is exemplary. Imagine if the American economy had many more such steady private companies that are far removed from the movements of the speculative markets, how much more robust things would be? It really is time that the media starts celebrating more of these kinds of heroes: the other 99%. And for young entrepreneurs, as you evaluate role models to emulate, perhaps it is not a bad idea to also consider some of these lesser-known heroes. They can give you a picture of the  realities of an alternate, deeply satisfying universe. In conclusion, I want to leave you with a 1:49 minute video message. Please listen to it, and stop for a moment to think about your path forward. Is a single-minded focus on fund-raising your only option?

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International Finance Corporation of The World Bank Group Invests in Mahindra Solar One in Rajasthan

by Paul Joseph January 30, 2012 Featured

IFC, a member of the World Bank Group, is providing $5 million in debt financing to Mahindra Solar One for a 5-megawatt solar power project in the Indian state of Rajasthan to expand access to clean energy in rural areas and address climate change. The new solar photovoltaic power plant will generate enough electricity to serve about 60,000 rural homes, and is expected to avoid some 8,000 tons of greenhouse gas emissions. Mahindra Solar One, a joint venture between the Mahindra Group and Kiran Energy, planned the project as part of the Jawaharlal Nehru National Solar Mission, a government initiative to expand solar production in India by 1,100 megawatts over the next two years. The Rajasthan plant is expected to generate about 9 million kilowatt-hours annually to help electrify rural parts of the country. By supporting this project, IFC recognizes the potential of large-scale solar-power generation to help meet India’s enormous energy needs, agreed both Vish Palekar, Mahindra Cleantech business head, and Ardeshir Contractor, managing director of Kiran Energy. “The project is aligned with our strategy of promoting clean growth in the region, and also complements our knowledge partnership with the government of Rajasthan,” said Anita George, IFC Director for Infrastructure in Asia. “IFC’s strategy in the solar sector is to increase energy access in emerging markets by investing in technology and scaling new business models, reducing costs so that more people use solar power.” Much of India receives high levels of direct sunlight throughout the year, making solar power economically and logistically viable. More than 13,500 square miles of the Thar Desert in northwestern India have been set aside for solar power projects, with much of the activity located in Rajasthan. Last year, IFC’s Advisory Services team hosted a conference, Rajasthan as a Solar Component Manufacturing Hub, to help investors and solar energy producers recognize Rajasthan’s potential as a hub for generating solar energy.

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Meet the Student Startups and Non-profits who won the First Microsoft Imagine Cup Grants

by Paul Joseph January 30, 2012 Featured

At the World Economic Forum Annual in Davos, Switzerland, Microsoft announced the winners of the inaugural year of the Imagine Cup Grants programme. It is a three-year, $3 million grant programme for student technology and social entrepreneurs. Team captains from the Microsoft Imagine Cup Grants winning teams (from left) Gerardo Francisco Pérez Layedra from Ecuador, Dominik Tomicevic from Croatia, Mohammad Azzam from Jordan and Jason Wakizaka from the United States pose with Bill Gates Imagine Cup Grants Award Winners are: Team Apptenders from Croatia. KiDnect is a Kinect-based solution for on-premise and remote physical therapy for children. This software has the ability to monitor a child’s exercises to ensure they are being completed correctly, and then it provides statistical analysis to the therapist.  Team Falcon Dev from Ecuador.SkillBox is an affordable solution to help children who are hearing impaired by translating audio received from a teacher in a classroom into sign language. A wireless headset captures the sound and sends it to the computer, and then SkillBox shows the corresponding sign for the word or phrase. Team OaSys from Jordan. Horizon is a software and hardware system that allows people who do not have use of their hands or arms to use a computer. Specifically, it tracks head movements and translates these movements into mouse movements. Users are able to have full control of a computer and cellphone, browse the Internet, type, and connect with ease at a low cost. Team Lifelens from United States. Lifelens is an innovative point-of-care tool to diagnose malaria using an augmented Windows Phone application. The project addresses the unacceptably high child-mortality rates caused by the lack of detection and availability of treatment of malarial diseases. The grant packages include $75,000 (U.S.) for each team, as well as software, cloud computing services, solution provider support, premium Microsoft BizSpark account benefits and access to local resources such as the Microsoft Innovation Centers. Microsoft will also connect grant recipients with its network of investors, nongovernmental organization partners and business partners.

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