New Ventures India in association with CII, YES Bank and Exim Bank is organising a Business Plan competition for for Sustainable Enterprises. The winning entries will get a investment of INR 50 lakh to INR 25 Crore ( INR 5 million to INR 250 million).

Eligible companies must:

* Be registered in India as a for-profit business;
* Have operations based in India;
* Operate in one of the following sectors:

1. Agriculture/ Organic Products
2. Clean technologies
3. Eco-tourism/ Hospitality
4. Energy Efficiency/ Renewable Energy
5. Green Building Materials
6. Rapidly Renewable Materials
7. Resources, Reuse & Recycling
8. Advance Technologies for Water Management

The first annual Call for Business Plans for New Ventures India is open until April 15, 2007. New Ventures India will select at least ten finalists that deliver innovative, environmental benefits and are financially viable. Selected finalists will receive pro bono mentoring to improve the business plan to present at the first annual New Ventures India Investor Forum, October 9-11, 2007, in Mumbai.

For more details Click here.

About New Venture India
In late 2005, WRI and the CII-Godrej Green Business Center launched New Ventures India through a Global Development Alliance partnership with USAID. New Ventures India is a center of sustainable entrepreneurship, specially designed to meet the needs of Indian sustainable entrepreneurs and help them overcome common business challenges to deliver environmental and social benefits as well as economic development and opportunity.

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