Winners of the 2007 Srijan Microfinance business Plan Competition Award, based in India, were recently announced. The awards are organised by Intellecap, a consultancy firm which works in business innovation, capacity development, and investment initiatives in the development sector, and the Aavishkaar Goodwell India Microfinance Development Company (AGI), which runs microfinance venture capital funds. The top 3 awards include cash prizes of 150,000 rupees (USD 3,600), Rs. 100,000 (USD 2,400) and Rs. 50,000 (USD 1,200) as well as mentoring support from Intellecap for the new initiatives. The organisers say the competition intends to recognise new ideas and encourage innovative thinking and entrepreneurial spirit in the sector.
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