A venture capital fund with a difference. Quite removed from the world of IT start-ups, Aavishkaar India Micro Venture Capital Fund or Aavishkaar India concerns itself with rural enterprises and grassroots innovations that have the potential to improve the quality of life in the interiors of the country.
It hopes to do so by encouraging and supporting the rural entrepreneur who may have a workable idea or invention, but not the funds to turn it into a marketable proposition.
From their website
Aavishkaar believes entrepreneurs can be a powerful force for development. To this end, the firm provides micro-equity funding (Rs. 10 lacs to Rs. 50 lacs, approximately USD $20 thousand to USD $100 thousand) and operational and strategic support to commercially viable companies increasing income in or providing goods and services to rural or semi-urban India.
More at www.aavishkaar.org