Barclays and Unreasonable,select 1mg Technologies to receive $100,000

▴ barclays-unreasonable-selects-top-innovations
Unreasonable Impact is an innovative multi-year multi-geographic partnership between Barclays and Unreasonable Group to support entrepreneurs

1mg Technologies has been awarded a $100,000 grant in recognition of the exceptional work being undertaken in addressing the immediate and long term challenges resulting from the effects of the global pandemic.

Unreasonable Impact COVID-19 Response is a new initiative launched by Barclays and Unreasonable Group awarding $100,000 grants each to ten Unreasonable ventures that have pivoted their businesses to combat challenges related to COVID-19. The grant is designed to support and amplify the impact of the work 1mg Technologies is doing.

The initiative was launched as a direct response to the outbreak of COVID-19 and is an extension of Unreasonable Impact, the unique multi-year partnership between the two companies supporting growth-stage entrepreneurs across the Americas, Europe and Asia Pacific regions solving many of the world's most pressing issues.

1mg was chosen by a selection committee for the meaningful work they are doing in India of ensuring access to healthcare essential services at home such as the delivery of medicines at home for millions of families in India, COVID-19 testing, etc. 1mg is helping families stay at home and stay safe. Prashant Tandon, 1mg's Co-founder & CEO said, "We are extremely happy to receive this global recognition and grant. Our frontliners are working non-stop amidst the pandemic to ensure millions of families have access to healthcare services at their doorsteps. Our courageous fleet of frontliners continues to serve our nation selflessly and this recognition further strengthens our belief in the advantages of digital-led healthcare models."

1mg's Co-founder & CEO will join the nine other recipients at a live virtual event, The Unreasonable Impact COVID-19 Response Global Summit, created with Barclays on July 8th where he will have a chance to share his team's exceptional work with a global audience.

Joe McGrath, Barclays' Global Head of Banking, commented, "Through Unreasonable Impact, we set out to help entrepreneurs take their businesses to the next level. They are already tackling almost impossible-sounding challenges, so when COVID-19 took hold we weren't surprised that they would point their talent and drive towards responding to the pandemic. We're in awe of the speed that they've pivoted their businesses and of the positive impact that they've already made, so we're delighted to be able to support them through the Unreasonable Impact COVID-19 Response."

Daniel Epstein, Founder and CEO of Unreasonable Group, added, "Unreasonable Impact was co-created with Barclays with a shared intention to support and scale up entrepreneurial solutions to the world's most pressing challenges. The global impact of COVID-19 is unlike any challenge any of us has seen in our lifetimes. Setting up the COVID-Response to support and amplify ventures leveraging business to combat challenges related to the pandemic is a natural extension of our mission. We are humbled to be supporting the exceptional workof1mg Technologies."

Full list of ventures selected:

1MG Technologies: India's leading mobile healthcare platform with over 9 million downloads and 33 million monthly visits

80 Acres Farms: Converting urban spaces in ultra-efficient indoor farms that produce accessible, tasty and affordable local food year-round

Airlabs: Transforming polluted cities into clean air zones by removing 95% nitrogen dioxide along with all other pollutants from the air

Day Owl: Turning trash from the poorest neighborhoods in the world into purpose-filled recycled fabrics

Ecoware: Creating 100% biodegradable eco-friendly and compostable certified food packaging and garbage bags

eFishery: Creating the future of aquaculture with an IoT smart feeding technology to help hundreds of millions of farmers at the bottom of the pyramid

Globechain: Creating the world's largest reuse marketplace that connects corporates to charities and people to redistribute unwanted items

Nanobiosym: Using nanotechnology to empower people worldwide with rapid affordable and portable diagnostic information about their own health

Olio: connecting neighbors and local shops so surplus food and other household items can be shared rather than thrown away

Zero Mass: Making drinking water an ultimate resource with SOURCE, a set of panels that make water from the air

Tags : #BarclaysBank #UnreasonableImpact #NewInitiative #TopInnovations #1mgTechnologies

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Successful Removal of 3.7 KG Large Abdominal Tumor from 14-Year-Old Somalian Girl at KIMS Cuddles HospitalMay 16, 2024
iLEAD Sets a Precedent by Launching a Graphic Anthology Authored by Multimedia, Animation and Graphics Students May 16, 2024
Ramaiah Memorial Hospital Launches Novel Intra-Operative Radiation Therapy (IORT); Achieves significant advancement in Cancer Treatment to Enhance Quality of LifeMay 16, 2024
IIITH Announces Product Management Summer SchoolMay 16, 2024
Çelebi India's Delhi Cargo Terminal Successfully Handles Airbus H125 Helicopter ShipmentMay 16, 2024
Plant-Based Diets and Prostate Cancer: New UCSF Study Shows Promising ResultsMay 16, 2024
National Medical Commission Approves 112 New Medical CollegesMay 16, 2024
Study Suggests That Chemotherapy Results in Physical Decline for Older Women with Breast CancerMay 16, 2024
Google DeepMind's AlphaFold 3: Revolutionizing Drug Discovery with AIMay 16, 2024
Hester Biosciences Ltd reports Consolidated Revenue growth of 18% at Rs. 79.3 crore, EBITDA up 37% to Rs. 16.4 crore and Net Profit up 12% to Rs. 6.40 crore in Q4FY24May 16, 2024
Akshay Tritiya Parna Mahotsav heldMay 16, 2024
IT Minister Sridhar Babu to grace the 10th National Facilities Managers Summit-2024, to be held in the cityMay 15, 2024
Alarming Study Reveals Cancer-Causing Chemicals in Car InteriorsMay 15, 2024
India's Thalassemia Challenge: The Importance of Early Screening and TreatmentMay 15, 2024
The Dangers of Ultra-Processed Foods: A 30-Year Study Raises AlarmsMay 15, 2024
Unique Genetic Risk Factors for Breast Cancer Found in African Ancestry StudyMay 15, 2024
AsiaMedic partners with Sunway to establish new diagnostic imaging centreMay 14, 2024
Kamineni Doctors Successfully Remove Bone Stuck Near Heart in Elderly PatientMay 14, 2024
On International Nurses Day, American Oncology Institute (AOI) launches #TheExtraordinaryCareGiver Campaign as Tribute to Oncology NursesMay 14, 2024
Shiprocket announces Shiprocket Growth Academy to upskill 100,000 Indian MSMEs through eCommerce learningMay 14, 2024