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ENTREPRENEURS
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| BYST Growth Fund - Partners |
Aavishkaar Venture Management Services
Aavishkaar Venture Management Services Private Limited (AVMS) is an Investment Advisor to the United Nations’ award–winning Aavishkaar India Micro Venture Capital Fund and the Aavishkaar Goodwell India Microfinance Development Company.
Aavishkaar India Micro Venture Capital Fund has pioneered the concept of micro venture funds globally and was founded to promote development in rural and semi–urban India. Believing that entrepreneurs can be a powerful force for development, it provides micro–equity funding and operational and strategic support to companies that increase income in or provide goods and services to rural or semi–urban India.
Aavishkaar Goodwell India Microfinance Development Company (AGIMDC) is a for–profit business development company that provides equity finance and hands–on support to entrepreneurial microfinance organizations in India on a socially and commercially sustainable basis.
Both funds are backed by investments from global development and financial institutions and are driven by socio–commercial mandates that enhance their uniqueness and challenging work environment.
Vineet Rai and Pradeep Pathiyamveetil, heading the AVMS team, bring many years of experience in micro–equity that they leverage while working with the BYST Growth Fund.
Vineet Rai
Vineet is a co–founder and the CEO of Aavishkaar. He was a founder and the CEO of GIAN, an incubator for rural innovations and ventures based in Ahmedabad, Gujarat. At GIAN, Vineet identified, nurtured and launched grassroots innovations based micro level enterprises for poverty alleviation. He has been a guest faculty at the Indian Institute of Management, Lucknow on Technology Incubation and Social Venture Funding, and has co–authored several papers with Prof Anil Gupta on issues concerning rural and micro innovations.
Vineet holds a Post–Graduate diploma in Forestry Management from Indian Institute of Forest Management, Bhopal. An Ashoka Fellow, he has also been bestowed honorary membership to the Xavier Labour Research Institute (XLRI) Alumni Association.
Pradeep Pathiyamveetil
Pradeep is the COO of Aavishkaar, and has executed the firm’s investments into Servals and Tide Technocrats. Prior to Aavishkaar, Pradeep worked with Rajshree Sugars and Chemicals in Coimbatore as Deputy Manager, Finance. He has a decade of experience in diversified agri–business companies, social and agricultural focused venture capital and project financing.
Pradeep holds an MBA degree from the T. A. Pai Management Institute in Manipal.
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Bharatiya Yuva Shakti Trust
Bharatiya Yuva Shakti Trust (BYST) is a non–profit organisation that assists disadvantaged youth in developing business ideas into viable enterprises under the guidance of a mentor. It believes that by equipping India’s enterprising youth with skills, tools, networks and financing, these youth can create successful businesses that, in turn, offer gainful employment to others.
Besides providing loans to micro entrepreneurs in the range of USD 5,000 to USD 15,000, it provides each of its entrepreneurs with a mentor on a one–to–one basis. BYST has a country wide network of 800 mentors for this ‘grass–root mentoring’ that includes giving personalised advice, monitoring direction and progress of business, and problem solving with the entrepreneurs as they grow their the enterprise.
BYST has helped more than 1,000 entrepreneurs in setting up their businesses and has impacted more than 10,000 individuals through employment in these businesses.
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International Finance Corporation (IFC)
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. IFC fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. IFC’s new investments totalled $16.2 billion in fiscal 2008, a 34 percent increase over the previous year. For more information, visit www.ifc.org
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