TED (Technology, Entertainment, Design) is an academic organization owned by The Sapling Foundation, a private nonprofit foundation. TED is well-known for its annual, invitation-only conference devoted to "ideas worth spreading". TED is famous for its lectures, known as TED Talks,
which originally focused on technology, entertainment and design, but has now expanded in scope.
TED recently announced its India fellows 2009 which includes Siva Cotipalli, a Mechanical Engineering graduate from BITS (1997-2001).
Siva is the Co-founder and CEO of dhanaX. The company is inspired by the unique ability of an online community to pool in their might to help others. dhanaX aspires to be a pioneering model for successful and innovative online social lending. dhanaX aims to:
Support and provide easy access to low cost credit for poor borrowers to supplement their income.
Provide a credible and lucrative investment opportunity for the social investor.
dhanaX targets unbanked Indian population whose annual income is between $1500 and $4500. dhanaX aims to enhance their hopes of availing easy credit from the fellow Indians.