![]() Google.org announces core initiativesPublished on Mon, Feb 11, 2008 at 12:45 | Source : Moneycontrol.com Updated at Mon, Feb 11, 2008 at 15:18
Google.org's "Inform and Empower to Improve Public Services" initiative aims to enhance the flow of vital information to improve basic services for the poor in o $2,000,000 to Pratham, a non-governmental organization, to create an independent institute that will conduct the Nationwide Annual Status of Education Report (ASER) as well as large scale assessments in the education sector. Google.org's goal is to expand these types of assessments to other sectors. o $765,000 to the Centre for Budget and Policy Studies (CBPS), a Bangalore-based analysis group, to create a Budget Information Service for local governments. Google.org's goal is to facilitate better district and municipal-level planning throughout o $660,000 to the Center for Policy Research (CPR), an action oriented think tank based in o $1,015,000 to Institute for Finance Management & Research (IFMR), a Chennai based research institution, to collect district level data on development issues and map this information. Google.org's goal is to make more development data publicly available. o $880,000 to PRS Legislative Research, a Apart from Inform & empower to improve public services, other four global initiatives by Google .org include - o Predict and Prevent Google.org supports efforts to empower communities to predict and prevent events before they become local, regional, or global crises, by identifying "hot spots" and enabling a rapid response. Rapid ecological and social changes are increasing the risk of emerging threats, from infectious diseases to drought and other environmental disasters. Google.org is initially focused on Southeast Asia and tropical o Fuel the Growth of Small and Medium-Sized Enterprises (SMEs) Google.org supports efforts to lower transaction costs to invest in SMEs, create opportunities to access larger financial markets and make investments in this sector. SMEs are critical for inclusive economic growth and job creation in the developing world, but lack the capital and tools necessary to succeed. Many micro-enterprises and most large businesses have access to capital through microfinance institutions, banks and capital markets, but SMEs remain extraordinarily underserved, creating a "missing middle." Google.org wants to help increase the flow of capital to "the missing middle" by tackling some of the root causes that prevent these firms from becoming profitable investment opportunities. These three new efforts join two climate change related initiatives announced earlier this year: o Develop Renewable Energy Cheaper Than Coal (RE<C) This cross-Google collaboration has set a goal of producing one gigawatt of renewable energy capacity that is cheaper than coal, within years not decades. The initiative, known as RE<C, was launched in November 2007 and will focus initially on advanced solar thermal power, wind power technologies, enhanced geothermal systems and other potential breakthrough technologies. As part of the RE<C initiative, Google.org is supporting strategic investments. o Accelerate the Commercialization of Plug-In Vehicles (RechargeIT) RechargeIT is a Google.org initiative that aims to reduce CO2 emissions, cut oil use and stabilize the electrical grid by accelerating the adoption of plug-in hybrid electric vehicles and vehicle-to-grid technology. Google.org launched a $10 million request for investment proposals this Fall, and will invest amounts ranging from $500,000 to $2 million in selected for-profit companies whose innovative approach, team and technologies will enable widespread commercialization of plug-in hybrid electric vehicles, electric vehicles and/or vehicle-to-grid solutions. Sourced From: 20 : 20 Media Pvt Ltd
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