Gyanshala, Kaivalya Education Foundation, a Piramal initiative, and the Society for All Round Development – all selected for their diverse and proven interventions – will work within the DIB mechanism to improve learning outcomes for thousands of children. UBS Optimus Foundation is the risk investor that will provide the working capital for the programs and will be repaid by the outcome funders once verified outcomes have been achieved. The outcome funders are the Michael & Susan Dell Foundation, with Tata Trusts, The Mittal Foundation, British Telecom and Comic Relief providing funding through British Asian Trust.
Outcomes of the program will be assessed by an independent evaluator, Gray Matters India. Dalberg Global Advisors serves as program manager and will work together with local NGOs to maximize outcomes. The UK Government, through the Department for International Development (DFID), is also providing technical assistance to the program, including funding for program management, legal advice, learning and evaluation.