Social Alpha Innovation Foundation (SAIF) is a 501(c)3 not-for-profit based out of California, US. SAIF supports science and technology innovations and entrepreneurship in developing or underdeveloped communities and countries to address the problems of climate change, healthcare, education, livelihoods and extreme poverty. SAIF was created in the US to learn from successful models in India and replicate them elsewhere in the global south. SAIF is an independent non-profit in the US.
SAIF raises grants, gifts and donations from philanthropic institutions and individuals to deploy in various ways, including:
Catalytic Grants for R&D and Product Development
Support for pilots, validations and market access
Prize money for the innovation challenges
Early-stage seed capital for incubated innovation
Operating expenses of the foundation
Creation of an endowment fund for future sustainability
Partners: CINI Social Alpha WHEELS Sustain Plus