Sudha Murty: Infosys Foundation committed to funding game-changers in social sector

Aarohan social innovation awards presented

Even as innovators come up with new ideas that can solve India’s social problems, funding remains a hurdle.

For Sudha Murty, Chairperson of Infosys Foundation, the last 12 months have been a journey and a reaffirmation of her belief that innovation need not be associated with sophisticated labs. “Innovation can come from an ordinary person with an empathetic mind and we have seen this across the country,” she told BusinessLine.

CSR funding

Indian software services majors, particularly Infosys, are among the early corporates that took to Corporate Social Responsibility (CSR) even before the government mandated large private and public sector firms to spend at least 2 per cent of their net profits on special development projects. The mandatory funding is applicable to corporates with a turnover of ₹1,000 crore or those reporting a profit of over ₹5 crore a year.