Marico Innovation Foundation
Encourages innovative organisations through mentoring and awarding initiatives that create large scale impact
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About
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Headquarters
Mumbai, Maharashtra
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Since
2003
Marico Innovation Foundation (MIF) is a socio-economic initiative executing the Corporate Social Responsibility for the parent company Marico Limited. Read more The aim of the foundation is to encourage innovation across the business and social sectors to help create sustainable impact.
Action
MIF supports transformative projects through its two flagship initiatives: the Scale-Up Program, which offers bespoke mentorship to startups, and the Innovation for India Awards, which recognizes groundbreaking innovations.
Cause Area
Impact
The scale up program has engaged more than 100 mentors in 15+sectors resulting in a scale up of 30+ innovations
Vision & Mission
MIF's vision is to create a future where disruptive innovation results in large-scale impact for millions of people in India.
Programs
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Sectoral programs
This initiative attempts to help farmers grow and progress by supporting innovations in the agricultural sector. The foundation launched its sector-specifc program with a focus on agriculture. The program also aims to solve current linear agricultural challenges for the coconut crop with the assistance of disruptive innovations.
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Scale-up program
This program aims to provide customized guidance to innovators to help their organisations achieve growth. The program provides functional mentorship by Marico members, strategic mentorship through industry stalwarts, dedicated portfolio manager, and personalised business support.
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Marico mentor program
Marico members mentor innovative entrepreneurs associated with this program in their growth journey. The mentors helped the innovators to make effective strategies to increase their output, market their ideas and products effectively, increase their manufacturing capacity, and make significant progress in their growth journey.
Milestones & Track Record
MIF is celebrating the 10th edition of its Innovation for India Awards in 2024, which has become one of the most prestigious innovation awards nationally.
Leadership Team
Demographics & Structure
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No. of Employees
6-20
M&E
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Internal, External Assessors
No
Policies
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Ethics and Transparency Policies
No
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Formal CEO Oversight & Compensation Policy
No
Political & Religious Declarations
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On Affiliation if any
No
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On Deployment Bias if any
No
Registration Details
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PAN Card
AAGCM7606M
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Registration ID
U93090MH2009NPL193455
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VO ID / Darpan ID
MH/2024/0438431
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12A
AAGCM7606ME20214
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AAGCM7606MF20214
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FCRA
Not Available
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CSR Registration Number
Not Available
Location
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Headquarters
7th Floor, Grande Palladium, 175, CST Road, Kalina, Santacruz East, Mumbai, 400098
Directions
Other Details
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Parent Organisation
Marico Limited
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Type & Sub Type
Non-profit