Aavishkaar, Next Bharat Unite to Boost Grassroots Startups
India has been witnessing a surge in entrepreneurship in recent years, with a significant proportion of startups emerging from small towns and rural areas. These grassroots startups have the potential to create a lasting impact on the local community, driving employment, innovation, and economic growth. To support and nurture these startups, Aavishkaar Foundation, part of the Aavishkaar Group, and Next Bharat Ventures have announced a strategic partnership to strengthen India’s grassroots entrepreneurship ecosystem.
The collaboration integrates Aavishkaar Foundation’s Entrepreneur Investing Program (EIP) with Next Bharat’s Residency Program. The EIP provides early-stage funding and support to entrepreneurs, while the Residency Program offers a unique opportunity for entrepreneurs to live and work in a community of like-minded individuals, fostering collaboration and networking.
The partnership aims to create a comprehensive ecosystem that addresses the needs of grassroots startups, from seed funding to scaling up. By combining the strengths of both organizations, the partnership will provide entrepreneurs with access to a wider range of resources, expertise, and networks, enabling them to grow and thrive.
Aavishkaar Foundation has been at the forefront of promoting grassroots entrepreneurship in India, with a focus on impact investing and social entrepreneurship. The organization has supported over 100 startups in the past decade, with a success rate of 80% in terms of job creation and revenue growth. Next Bharat Ventures, on the other hand, is a startup accelerator that provides a residency program for entrepreneurs, offering a unique community-driven approach to entrepreneurship.
The partnership between Aavishkaar Foundation and Next Bharat Ventures is a significant step towards building a robust ecosystem for grassroots startups in India. The collaboration will enable entrepreneurs to access a wider range of resources, including funding, mentorship, and networking opportunities.
One of the key benefits of the partnership is the opportunity for entrepreneurs to connect with like-minded individuals and organizations. The Residency Program at Next Bharat Ventures offers a unique opportunity for entrepreneurs to live and work with a community of innovative thinkers and entrepreneurs, fostering collaboration and knowledge sharing.
For Aavishkaar Foundation, the partnership will enable the organization to expand its reach and impact, supporting more grassroots startups and entrepreneurs across the country. The organization’s Entrepreneur Investing Program will provide entrepreneurs with access to early-stage funding, while the partnership with Next Bharat Ventures will offer a unique opportunity for scaling up and growth.
The partnership is also expected to create a ripple effect in the entrepreneurial ecosystem, inspiring more entrepreneurs to start and grow their businesses. By providing a supportive ecosystem, the partnership will enable entrepreneurs to overcome the challenges they face, including access to funding, mentorship, and networking opportunities.
The announcement of the partnership has been welcomed by the entrepreneurial community in India, with many startups and entrepreneurs expressing their enthusiasm for the initiative. The partnership is seen as a significant step towards building a robust ecosystem for grassroots startups in India, and it is expected to have a lasting impact on the country’s entrepreneurial landscape.
In conclusion, the partnership between Aavishkaar Foundation and Next Bharat Ventures is a significant step towards building a robust ecosystem for grassroots startups in India. The collaboration integrates the strengths of both organizations, providing entrepreneurs with access to a wider range of resources, expertise, and networks. The partnership is expected to create a ripple effect in the entrepreneurial ecosystem, inspiring more entrepreneurs to start and grow their businesses, and driving economic growth and employment in the country.
