The IMMpact Training Program

IMMPact: Impact Measurement Training

Villgro’s experience working with early-stage enterprises, combined with available research findings, shows that one of the largest gaps that remain in support of social enterprises is in developing capacity to consistently and efficiently measure and manage impact (GIIN, 2020). At Villgro we have closely understood the challenges in implementing effective Impact Measurement and Management (IMM) across enterprises of different stages and impact areas. 

By partnering with leading researchers from University of Chicago Booth School of Business and Harvard Business School (HBS), we are creating a first of its kind Impact Measurement and Management Training Program, specifically designed to help early and growth-stage enterprises in India, better measure their impact, do better business, and access a select group of leading impact investors. Thus, closing this very important gap in impact entrepreneurship today.

Problem Statements

Uncertainty in impact measurement processes

Both investors and entrepreneurs face large uncertainty over how to measure and manage impact, with few to no standardized tools or guidelines available

Lack of resources

Often early-stage enterprises do not have the time, budget and/or expertise to integrate IMM into their operations

Difficulty in accessing impact investors

Early-stage impact enterprises face several challenges in connecting to interested impact investors ready to provide high-growth seed capital to them

What you get…

  • Practical understanding of the different elements of measuring and managing impact, thanks to in-depth sessions with industry experts and leading professors from Harvard Business School and The University of Chicago Booth School of Business
  • An all-expenses paid impact survey with your enterprises’ customers and employees, to understand pain points in scaling up and obtain a quantifiable measure of your impact you can communicate to your stakeholders and potential investors
  • Access to an exclusive match-making event with pre-selected high-profile impact investors, where you will have an opportunity to pitch your company to obtain rapid high-growth seed capital
  • Certificate of participation in the IMMpact program

What you give…

  • Access: To limited customer and employee, which will allow us to measure your impact and provide you with an easy-to-communicate estimate that you can share to investors and other stakeholders
  • Extremely limited time commitment: Only a few hours of your time to participate in small-group in-depth sessions with industry experts and leading business school professors. Participation from the founder(s)/any other core team members is strongly encouraged.
  • Motivation to improve your IMM

Key features of the program

Wondering how the IMMpact program can benefit you? Learn more about the key program components and see how they support your vision…

Turning IMM theory to practice

Learn how to frame your enterprises’ theory of change and impact measurement framework. Walk away with the ability to improve the system in your organization

Access to world leading expertise and India’s impact investor network

Work and learn directly from leaders in IMM capacity building in the ecosystem, which includes Villgro and researchers from Chicago Booth and Harvard Business School. We will also connect you to leading early stage investors and incubators in India and internationally

Empathetic to early-stage challenges

Build your capacity so you know how to measure impact exactly where you are at now, as well as whatever stage you grow to down the line

Zero financial investment from you

We need your time, enthusiasm for improving IMM and some data!

Take your impact measurement and business to the next level

In case of any queries please write to with the subject header “QUERY ON IMPACT TRAINING PROGRAM”




Climate Action


Livelihoods & Employability

If you are a social enterprise that identifies with sectors different from those cited above operating in India – you are still eligible to apply. We want to hear from you!

Program Timeline



19 May 2023

Applications Open


31 May 2023

Submission Deadline

The Team

IMMpact Experts

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Divya Sharma

Impact Measurement & Learning, Villgro | MA in Education – Azim Premji University, CA – Institute of Chartered Accountants of India | B’Com – Christ University

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Rajasekhar Reddy M

Impact Measurement & Learning, Villgro | PG in Public Policy from the O.P. Jindal Global University

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Samiksha Rele

Impact Measurement & Learning, Villgro | Masters in Biotechnology from IIT Indore

IMMpact Researchers


Emanuele Colonnelli

Associate Professor, Finance and MV Advisors Faculty Fellow, The University of Chicago, Booth School of Business


Gabriel Ramos

Predoctoral Research Professional, The University of Chicago, Booth School of Business

Benjamin roth

Benjamin Roth

 Assistant Professor of Business Administration, Entrepreneurial Management Unit, Harvard Business School

Natalia Rigol

Natalia Rigol

Assistant Professor of Business Administration, Entrepreneurial Management Unit, Harvard Business School

Ecosystem Partners