Aavishkaar Micro Venture Capital Fund


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Aavishkaar Micro Venture Capital Fund

  1. 1. Aavishkaar India Micro Venture Capital Fund Channeling India’s entrepreneurial energy for sustainable economic development Vineet Rai Co-founder & CEO ICC-UNDP-IBLF World Business Awards 2006 9 May 2006, New York
  2. 2. India: Relevance of Grassroots Entrepreneurship <ul><li>India is in a growth phase but the economic benefits to it’s people are uneven </li></ul><ul><li>Rural and semi-urban India, accounting for over 70% of the population, lacks access to economic opportunities </li></ul><ul><li>We, at Aavishkaar, believe that encouraging entrepreneurship at the ‘base of the pyramid’ is a vital systemic solution to the uneven economic growth and has the potential to make a major contribution in achieving sustainable development within the country </li></ul>
  3. 3. The multiplier effect of BOP entrepreneurship Spawns multilayered economic development Entrepreneurship at BOP Creates rural employment Stimulates rural growth Evolves regional role models for others to emulate Improves local economic activity Enhances productivity and efficiency at local level
  4. 4. The equity gap Start-up Growth Maturity Conventional Venture Cap (not keen on BOP) PE / IPO / Institutions (not keen on BOP) The Equity Gap ?
  5. 5. Aavishkaar … bridging the gap <ul><li>Aavishkaar seeks to invest early-stage capital in innovative small and micro-enterprises that are socially relevant, commercially viable and environmental friendly. </li></ul><ul><li>Aavishkaar’s support extends beyond the provision of risk-capital and involves intensive hand-holding support and mentoring for these enterprises. </li></ul><ul><li>Aavishkaar seeks to transform such nascent business ideas into sustainable enterprises that can create a positive impact in rural and semi-urban India. </li></ul>
  6. 6. Our current portfolio Servals Automation Resource efficient burners & sprinklers 2002 Shree Kamdhenu Electronics Automated Milk Collection & Milk Analyzer 2003 Tide Technocrats Micro-hydel & biomass energy 2003 Craftsbridge Indian handicrafts 2004 Net Systems Technical Writing & Accessibility 2005 Naveengram Marketing of Agri-technologies 2005 Vortex Engineering Rural ATM Network 2006 A healthy pipeline of 6 prospective investments Vatsalya Rural Healthcare 2006 Aavishkaar set up in 2001
  7. 7. Serving the Millennium Development Goals Aavishkaar and it’s investee companies continuously strive to make a significant impact on the rural communities in which they operate by <ul><li>Eradicating extreme </li></ul><ul><li>poverty and hunger </li></ul><ul><li>Cost-efficient burners </li></ul><ul><li>and sprinklers (Servals) </li></ul><ul><li>Creating livelihood for </li></ul><ul><li>rural artisans </li></ul><ul><li>(Craftsbridge) </li></ul><ul><li>Providing IT access for </li></ul><ul><li>the Physically challenged </li></ul><ul><li>(Net Systems) </li></ul><ul><li>Ensuring environmental </li></ul><ul><li>sustainability </li></ul><ul><li>Burners are alternatives </li></ul><ul><li>to wood-burning </li></ul><ul><li>(Servals) </li></ul><ul><li>Renewable energy </li></ul><ul><li>generation reduces CO 2 </li></ul><ul><li>emission (Tide Tech) </li></ul><ul><li>Use of 100% herbal </li></ul><ul><li>pesticides (Naveengram) </li></ul><ul><li>Promoting gender equality </li></ul><ul><li>and empowering women </li></ul><ul><li>2 of our investee companies </li></ul><ul><li>are promoted by </li></ul><ul><li>women entrepreneurs </li></ul><ul><li>Encourage all investee </li></ul><ul><li>companies to employ </li></ul><ul><li>women workforce </li></ul><ul><li>Women SHGs for </li></ul><ul><li>channeling sales in rural India </li></ul>
  8. 8. Aavishkaar and Millennium Development Goals … a decade of challenges ahead <ul><li>Aavishkaar has embarked on a long journey. </li></ul><ul><li>The acknowledgement conferred upon us at this forum further strengthens our resolve … </li></ul><ul><li>… a resolve to create a scaleable positive impact in rural India. </li></ul>
  9. 9. www.aavishkaar.org Aavishkaar India Micro Venture Capital Fund 201 Atlanta Estate, Dr. Ambedkar Chowk Off Western Express Highway, Goregaon (E) Mumbai – 400 063, India. Tel: (+91 22) 3253 5292 / Fax: (+91 22) 2877 8255 E-mail: info@aavishkaar.org