New Delhi, July 11 -- ACT, an Indian venture philanthropy platform that supports tech-first innovations to create social impact at scale, has announced INR 1.43 Cr in grant capital to 5 idea-stage solutions as a part of a pilot that aims to bridge the early-stage funding gap.

Social innovators in India often face a critical funding gap between idea and execution as traditional grant-givers seek deployment-ready solutions, while VC investors prefer market tested ideas. Without this build capital, founders often struggle to hire quality tech talent to build prototypes, slowing down the pace of tech-first social innovation. With this pilot, ACT is looking to enable aspiring social entrepreneurs to build, test, and iterate toward scalable so...