International Investment Fund (India)
In 2019, Ross School of Business kicked off the International Investment Fund, a WDI supported initiative. As part of that effort, WDI worked with students and faculty from Ross to establish the protocol, review the legal requirements both from the US and Indian side, and completed an initial round of due diligence. The due diligence was conducted on four SMEs from the Michigan Academy for Developing Entrepreneurs (MADE – cofounded by WDI). The SMEs are located in the state of Tamil Nadu, India and were identified by Poornatha (a MADE partner). Recommendations on investment readiness for each of the SMEs included appropriate financial instruments to use. Preliminary conclusions identified a good potential investment and further investigation is taking place. In addition, the Fund members are developing a mechanism for filtering potential investments in the future and preparing to conduct due diligence on more companies.