Monday, December 26, 2005

Micro Venture Capitalism

The pointer is from Saurav. Aavishkaar is the very first of its kind. Clearly, micro venture capitalism can be a much greater force than micro-financing, simply because of the scale involved, and the impact that a new entrepreneural venture can have. Aavishkaar funds projects of Rs. 10 lack to Rs. 50 lack, and gives strategic support to entrepreneurs in setting up their companies to provide better goods and services to rural and semi-urban India. It surely seems that social entrepreneurism is going to be the answer to it all, and organizations like Aavishkaar are likely to play a big role in making it easier.

How about taking this idea a little further and having successful capitalist companies contribute some portions of their profits to the Aavishkaar fund. The returns on the investment will surely be great.

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