There are a few
entrepreneurs like Shweta Aprameya who are redefining the path with their unique
ability to build ventures that make a positive social impact in the lives of
millions
Shweta is a dynamic leader
who has not only held several leadership roles in multinational corporations in
UK & India across Digital Transformation, Financial Inclusion & Digital
Credit across financial institutions before transitioning to entrepreneurship.
From a young age, she has been involved in working to develop social innovation
models and being an active member in the entrepreneurial community in India.
Her successful ventures – YTS, ARTH & HAPPY have been great examples of
delivering value at scale for underserved markets
With a vision to
encourage more entrepreneurs and attract top international talent looking to
create smart market-based solutions for delivering impact, Shweta, who is a MIT
Sloan alum herself, instituted a personally funded- AIM Scholarship for
graduates of the school. She set up a fund pooled with her own personal savings
combined with an excellent mentor network to kick start a unique program. This
scholarship program is the first of its kind and has been specifically designed
keeping the UN SDGs in mind
“The goal of the fund is to support entrepreneurship & innovation
among MIT Sloan Fellows and solve
some of the world’s most critical issues. I feel that by supporting thinkers,
creators, problem solvers the opportunity to create social impact & improve
the lives of millions around the world will be multi fold and the process of
meeting development goals can be accelerated. I am so happy that I could
collaborate with my school and grateful to the entire community of Sloan for
supporting this initiative all along”
says Shweta
In addition to
financial support, the scholarship provides access to industry experts who
serve as a collective of advisors to guide from their real-world experiences in
the impact space to take the ideas from concept to execution. The entire
selection process is handled by programs team at MIT Sloan School Management
and students are chosen by an excellent jury especially set up at the school
This year, after
a rigorous process of selection, Heejae Cho MIT Sloan Fellow MBA has been
chosen as the first AIM scholar 2019 for her unique project VIRIDIS RS. The
genesis of her project - VIRIDIS RS lies in the agricultural challenges that
India faces. Says Heejae Cho, on being awarded the scholarship “I am deeply humbled by the faith AIM has
bestowed me with this scholarship. As
a first-time entrepreneur and non-Indian it’s a daunting task to start a new
tech-based start-up here in India. The incredible network I have been able to
into as a part of the scholarship will undoubtedly be the key to our success"
Truly, a journey towards global impact begins
About AIM
The Action,
Impact and Motivation (AIM) Scholarship is awarded every year to MIT Sloan
Fellow to support entrepreneurship and innovation that make a positive global
impact and work towards achieving the United Nations’ Sustainable Development
Goals. The winning project will be granted a one -time award of 10,000 USD upon
arrival in India, with an additional honorarium of 1,000 USD per month, per
person, during the implementation phase to cover the cost of living in India
The scholarship has been
funded and instituted by emerging Indian entrepreneur and an MIT Sloan MBA
fellow herself, Shweta Aprameya (https://www.linkedin.com/in/shweta-aprameya/), to support Sloan
Fellows conducting social impact projects through her trust – Anusha Welfare
Trust. The Anusha Welfare Trust has been set up by Shweta in the name of her
parents Anup & Usha, the name Anusha means “a star.” A family of working
professionals with humble background, Shweta & her family has been involved
in social good in their home state and continue to make efforts to help others
in need. The work of the Trust is to support and conduct grassroots social work
in diversified areas, thereby contributing to the welfare of our society. The
Trust engages with communities, government institutions, and like-minded
individuals to nurture a self-sustaining eco-system that works collaboratively
to improve the world.
About AIM
Scholar -Heejae Cho & Project VIRIDIS RS
Qualified actuary and
reinsurance underwriter with 18 years of experience in property and casualty
insurance Fellow of institute of Actuaries and BA Hons in Mathematics from
University of Cambridge, graduated from MIT’s Sloan fellow mid-career MBA
program in June 2019. Her project VIRIDIS RS focusses on crop loss owing to
disease and pests
It is estimated
that close to 30 % of crops are lost to pest /disease every year and absence of
intelligent data to insurance companies makes agricultural insurance
infeasible/expensive for farmers.
VIRIDIS RS aims
to bridge the information gap by collecting the farmer data via airplane and
providing underwriting /claims data to insurance companies for better risk
coverage simultaneously providing alerts to farmers via extension services
Website: www.aimscholar.net
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