This 'Joy of Giving Week' - Make an Entrepreneur's Dream Come True!

Online, September 27, 2010 (Newswire.com) - Pune - As India and its citizens celebrate the 'Joy of Giving Week 2010', a nationwide campaign inspiring and enabling everyone to share joys and resources with others, Grow VC India (http://india.growvc.com), which is India's first ever crowd-funding and integration platform to assist start-ups and entrepreneurs - has also joined in to give a whole new paradigm to this noble cause. The platform, which enables anyone to evaluate, interact and invest in country's high-potential start-ups and budding entrepreneurs, today announced a week-long initiative - which would enable the communities and passionate supporters of India's entrepreneurial journey - to partake in their dreams with just INR 250/- (USD 5 per month) as against normal subscription fees starting from INR 1000/- (USD 20) per month onwards.

So whether you are a budding entrepreneur - having a potential business idea and seeking funding and expert guidance - or someone who always believed in strengthening the Indian entrepreneurial ecosystem and did not know where to start from and how to access strong potential deals: this could be the right time and right 'season' to give in your part towards creating new business ventures, helping the economy and even generating employment.

Launching the initiative, Mr. Satish Kataria - Managing Director, Springboard Ventures Pvt. Ltd - the Indian partners to Grow VC, says, "While India has always been revered for its entrepreneurs, the support infrastructure to help them realize their dreams is still restrictive and needs all the help possible. Grow VC enables a democratic way for the masses, start-ups and supporting entities to come forward, work in tandem and invest in entrepreneurial dreams, even with just small amounts. As a part of Joy of Giving Week celebrations, we have made it even simpler, where your little contribution could actually be making India's own Google - and then you reap in the rewards too."

Grow VC India - is supported by India's leading angel networks including Indian Angel Network as well as some leading investment advisory firms including IndiaCo Ventures.

Further, Grow VC India will also commit 12.5% of its subscription revenues to a pioneering social enterprise: 'Can't Stop Reading'. It is a not-for-profit social venture, would be India's first of its kind library services, to be run by deaf people. Can't Stop Reading is a book reuse enterprise dedicated to finding good use of the donated books. Books are circulated among the booklovers through a library service, contributed to poor students or local community Libraries and even recycled appropriately. Besides creating employment opportunities for deaf people, this initiative aims at integrating the deaf community in the mainstream society through awareness, training, medical-aid, rehabilitation, and empowerment. More details on the enterprise are available on www.cantstopreading.com. It believes that this will create an opportunity to let people give in to a cause which will last more than just few pennies or box of sweets (which people normally end up giving on such occasions).

Talking about the association, Mr. Sanjay Dimari - Project Director, 'Can't Stop Reading' says, "I thank Grow VC India for this initiative. We have been working to set up this unique enterprise and though today we have more than 5,000 book titles in our repertoire - we could definitely use this timely help to strengthen our infrastructure and reach out to more people. I wish them all the best and look forward to support from all Indians passionate to promote entrepreneurism and social enterprises like us."

Here's how you can share and be part of Indian start-up revolution:
1.Log on and register yourself at https://india.growvc.com/register/form. Use the discount code 'JoyofGiving'
2.Subscribe to the platform (which can be done through paypal)
3.You can download the User Manual at:
http://india.growvc.com/main/home_images/userguide.pdf
4.If you are a Start - Up : you would be required to list your business idea, fill in relevant details and make your funding or talent/expert offer
5.If you are a Funder : you can now evaluate various listed start-ups, interact directly with them and then make an offer - wherein you can either allocate upto 75% of your subscription charges for their venture or even invest directly
6.If you an Expert and want to help start-ups with your expertise - you can also evaluate listed start-ups and offer them support and help as well as respond to their offers seeking your help in return of professional fees or part of equity in the start-up
7.Any start-up, which successfully completes its funding target - is subject to detailed due diligence and if they pass the same - the monies are invested and Springboard Ventures mentors these for average holding period of 3-4 years, before making suitable exit and distributing rewards amongst subscribers who allocated to that start-up.
8.Refer to User Manual for further details

Note: The monthly fees of USD 5/- (INR 250/-) per month is part of special 'Joy of Giving Week' drive. The normal charges start from USD 20/- (INR 1000/-) per month onwards.
About Grow VC
Grow Venture Community - "The Virtual Silicon Valley", is bringing the first truly global, transparent, community-based approach to seed funding. Grow VC can help startup to secure initial funding for their businesses up to 1m USD. Grow VC will not only connect startup entrepreneurs with investors to help them discover their common interests, but also provide tools for the process and new transparent ways of doing things. Grow VC India is available in http://india.growvc.com. Grow VC international headquarters is located in Hong Kong, with offices in UK and Finland.

About Springboard Ventures
Springboard Ventures is an ever-evolving group of experts, coming from different professional domains but united by the passion to launch 'disruptive solutions' which would strongly boost Indian start-up support infrastructure. Through keen understanding of challenges in the eco-system and then by adapting and introducing newer support mechanisms and platforms - Springboard Ventures envisions to be true 'Start-up' enablers in the country - which is revered for its ideas and business leadership.