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Title	Micro Venture Innovation Fund (MVIF)

Abstract	"The MVIF was conceived during the first international conference on Creativity and Innovation at the Grassroots (ICCIG), held at IIMA on January 11-14, 1997. A note about such a fund was circulated in advance to various state government secretaries invited to the conference. It was based on a case study of tilting bullock carts that described how a new innovation that gains market traction requires not only risk capital but also hand-holding. GIAN was formed in this manner in order to mobilise such capital. After our advocacy with the then finance secretary and economic adviser, the finance minister announced such a fund in 2003. Gujarat Grassroots Innovation Augmentation Network (GIAN) and Small Industries Development Bank (SIDBI) collaborated on the project �Gramin Navonmesh Protsahan� as part of the Micro Venture Innovation Fund (MVIF). The project�s goal was to strengthen the innovation ecosystem and support grassroots innovations across the country. Selected projects are given investment funds to help with commercialization. The assistance is in the form of a soft loan with a 5% interest rate. Innovation-based businesses, Projects from ITI/Polytechnic/Diploma students, Women entrepreneurs, Social enterprises and Individuals can apply for funding. Novelty, innovation readiness to market, innovative technologies, social impact, affordability, inclusivity and gender sensitivity, innovations for niche markets, potential direct/indirect beneficiaries and so on are all selection criteria. Monitoring assistance is provided to purpose projects in addition to financial assistance for marketing. For project selection, an expert screening committee was formed. The provided maximum up to Rs. 2 Lac and in a few deserving cases up to Rs. 5 Lac to only projects approved by our experts and screening committee. The funds must be returned with a 5% rate of interest within two years. MVIF�s concept was simple. Micro Finance met the financial needs of the businesses for which a market existed. MVIF met an enterprise need for which there was no market. In October 2003, SIDBI established such a fund at NIF. After NIF repaid the entire balance of MVIF, it was re-established at GIAN. The GIAN model was scaled up in the form of NIF in 2000, and we hope that MVIF will be an Indian contribution to the global repertoire of novel poverty alleviation approaches. It is strange that, despite the development of numerous innovation indices, the World Intellectual Property Organization (WIPO)/World Bank and other international development institutions have yet to recognise that without risk capital, grassroots innovations cannot be scaled up. "

Details	"Groundnut Separator and Coconut Cutting Machine Senthil Duraisamy HI-SivaGangai road, Melur, Tamil Nadu - 625106 Vi d e o L i nk: http s://y outu.b e/ YTHWSmZ44FQ Senthil (42) is a mechanical engineering professor and the principal of a college affiliated with Anna University. He operates a welding company and has more than 20 years of experience. Senthil had observed people using a crowbar to extract coconuts from the whole nut harvested from coconut trees. He developed an iron cutter that could split the whole nut into two halves to extract oil for culinary purposes. At present, the cutter has a 1/2 hp or 1 hp motor. Senthil�s method of harvesting and storing can increase the kernel�s weight and oil content considerably. From one quintal of kernels, 7.5 kg of extra oil can be obtained using Senthil�s method. He also uses this cutter to extract oil from palmyrah nuts. The mechanised version of this cutter can break 8,000 nuts at a time, helping save labour cost. Senthil�s machine, designed as part of an incubation project, is 46 per cent smaller in volume than the machines currently used. It consumes around 2,100 watt. �Our machine can be easily customised according to the shape and size of the product to be manufactured. We have made thermoformed pieces using our machine with a cycle time of 3.5 seconds,� says Senthil. The machine costs Rs. 1 lakh, as opposed to the existing products in the market, which cost around Rs. 8 to 10 lakh. It requires just one person to operate. Senthil�s innovation has been sanctioned to receive financial support of Rs. 1,37,600 from MVIF under GIAN and SIDBI for marketing. Rocket Stove Abdul Kareem K A Alisha Mahal, Kizhakkekara, Near Government Youth Hostel, Thrikkakara, Kochi - 682021 Video Link: https://bit.ly/31DfIra Abdul Kareem (57) has been running his own company�Excellent, for the past 40 years. �I have been making products such as boilers and many industrial materials. During the lockdown period, I thought what if electricity and LPG supply stopped one day? What alternative can I use to cook food? Even though traditional stoves are available in Kerala, many people hesitate to use them due to the thick smoke they give out. That�s when I started work on my rocket stove,� he says . The rocket stove is based on a British concept from the 1850s that consisted of an insulated vertical chimney. Abdul had seen this stove in many hotels in Kodaikanal and Munnar. The stove is constructed to ensure complete combustion before the flames reach the cooking surface. Abdul�s version of the stove uses 4 mm mild steel sheets and stainless steel sheets to make the oven chamber. The raw material is easily available both in his company and the market. The stove can use firewood, coconut shells, and waste paper as fuel and cuts down smoke by 80 per cent. Abdul soon started receiving orders from friends, relatives, and neighbours. Available in four models, the rocket stove is easily portable. The premium model costs Rs 20,000 and weighs 60 kg. The regular model has cooking and grilling options, costs Rs 6,500 and weighs 35 kg. The basic model has only the cooking option, costs Rs 5,000 and weighs 30 kg. The fourth model is a portable stove called �tour package stove� and costs Rs 7,000 and weighs 20 kg. Abdul�s innovation has been sanctioned to receive financial support of Rs. 1,70,000 from MVIF under GIAN and SIDBI for marketing. Mittidhan Hiren Panchal First floor, Jaya Gauri Park, Hathikhana, Near Jambudi, Ta-Dharampur, Valsad District, Gujarat - 396050 Vi d e o L i nk: http s://y outu.b e/ ZMVKGWAfv9I Hiren Jayeshbhai Panchal has started a workshop called Mittidhan in Bilpudi, Dharampur to improve and develop innovative, durable, and affordable hand tools for farmers. He also provides employment to the local welders, helpers, painters, and blacksmiths. His innovations include hand-held farm implements for children with knowledge of agriculture and a washing unit that can wash more utensils with less water. The washing unit is currently installed in 15 hostels in Dharampur, Kaprada, and Bilimora. He participated online in the UN SDSN Youth Solutions report in collaboration with friend Ellen Francis. Mittidhan was selected as a finalist. The Youth Solutions report highlights startups and youth-led projects aimed at achieving sustainable development goals around the world. Hiren has developed 35 tools with various extensions. The average price of each tool is Rs. 140. Additionally some of his revenue comes from tools used for horticulture by urban farmers and tool kits used to introduce children to agricultural practices. These tools improve agricultural yield by increasing farm labour efficiency by up to three times than conventional tools. Mittidhan�s primary sales are made at local markets (haat bazaars) where interactions are made directly with the farmers. Other channels of distribution include CSR, NGOs, and farmer cooperatives. The promotional materials are written in local languages to ensure that farmers get the most out of these products. As a result, the tools reach the grassroots level, allowing small farmers to increase their produce, improve their livelihood and contribute to the local economy. Hiren�s innovation has been sanctioned to receive financial support of Rs. 2,00,000 from MVIF under GIAN and SIDBI for marketing. Filterless Air Purification Device Divyank Gupta, Harsh Neekhra, Gagan Tripathi 119, Neelkanth Colony, Indore, Madhya Pradesh - 452006 Video Link: https://bit.ly/3ucoVTE Divyank Gupta has developed a filter-less air purification device. He founded Novorbis, a clean technology startup focused on developing outdoor, industrial, and residential air purification solutions. Divyank is the company�s marketing and management head. Harsh Neekha is the head of the research and development and oversees all operations. Gagan Tripathi is the technical and manufacturing head. The trio obtained a degree in Electronics and Communications. Novorbis means �renewing the world�. Accordingly, the aim of the company is to renew the world by reducing pollution and rejuvenating the environment. The team has developed proprietary Electro- Photonic technology for use in applications in outdoor, industrial, and residential air purification units. The device uses electricity and light energy to purify the air and provide molecular reduction of the pollutants and gaseous contaminants. Key pollutants, PM2.5 and PM10, are extracted from the air stream and up-cycled with industrial processes to make black ink, anti-bacterial coatings, and nano-tech scrubbers. The device requires less maintenance as bag filters are not used. It covers large areas to provide the optimum Air Quality Index. The estimated manufacturing cost per unit is Rs 2,50,000 and selling cost per unit is Rs. 5,00,000 (excluding GST). The sales forecast for one year is 15-18 units. The product which is supposedly the world�s first filterless air purification device uses 1/4th of the energy used by current devices. It produces 7.2 billion litres of pure air in one day. It has received various awards including India�s Top 5 Innovation Award by MHRD and AICTE at the IIC POC Contest and Best Innovation at PIMER by Padma Shri Shrimati Janak Palta. It has represented India for innovation at the second delegation GIF at Daegu, South Korea. It was the winner of ASSOCHAM Launchpad Regional Series at Indore and the Innovation Challenge at UNDP at Delhi. It was also honoured as the brand ambassador of MHRD and AICTE for promoting innovations. The innovation has been sanctioned to receive financial support of Rs. 4,00,000 from MVIF under GIAN and SIDBI for marketing. Cycle-operated Attachakki Gangaram Chauhan S/O-Sundar Singh Singh Chauhan - H.No- 731-A Shiv Mandir Road Chaksa Husain Pachperwa, Gorakhpur, Uttar Pradesh - 273004 Video Link: https://bit.ly/3fvmM1d Gangaram Chauhan (50), a rickshaw repairer, invented a cycle-operated flour mill in 2020. He holds a bachelor�s degree in commerce and started experimenting around 20 years ago. During the COVID-19-induced lockdown, Gangaram found it difficult to go to the market for grinding the flour. This inspired him to develop a cycle-operated 10,000 to create this device. He was assisted by Gopal Vishwakarma, a mechanical engineering teacher and Arun Kumar Singh, a drawing teacher to polytechnics� students. It took them two months to come up with the cycle-operated attachakki. This innovative flour mill can grind about 8 kg of wheat and other grains in an hour. It is easy to use and can be operated by both women and children. Grains are poured in the upper part of the machine, which then flow down to a millstone through a pipe to the bottom compartment for grinding. grind wheat, rice, and other coarse grains with no loss to their nutritional value. In the year 2021, Gangaram has been sanctioned to receive marketing and prototype development support of Rs. 81,500 under MVIF by GIAN and SIDBI. He has so far sold two units of his cycle-operated attachakki. He received the innovative farmer award in 2020. Low-cost Irrigation Device Nandeshwar Sharma Chuhari, West Champaran, Bihar - 845450 Video Link: https://bit.ly/3uqf3ph Nandeshwar Sharma runs a factory in the Chhatri village, repairing agricultural machinery. The innovator has made an irrigation water pump which is low-cost, can be operated by a single person, and prevents water wastage due to spillage. The device is much cheaper than other irrigation water pumps in the market. It has brass welding at valves that increase its life. Nandeshwar was motivated to develop the irrigation device as he had observed farmers carrying water from the pond to the fields. The device can drain water from any borewell, pond, or river. The pump does not use cow dung or soil. It requires only one person to operate. It can release 1 to 2 L of water at a time. As there is no unnecessary spillage there is no water wastage. Previously, the farmers would have to run a pumpset for ten hours to irrigate their fields. Nandeshwar�s pump can do that in just half an hour, utilising minimum labour and eliminating any wastage. Therefore, farmers can also save money on diesel and electricity bills. Hot water generated by the pump can be sent directly to the fields using an oilseed pump. At the time of irrigation, 1 hour of water falling near the pump set can irrigate 5 square feet of land. The manufacturing cost of the low-cost irrigation pump per unit is Rs. 2500 per unit and the selling price is Rs. 3500 (excluding 18% GST). Nandeshwar�s innovation has been sanctioned to receive financial support of Rs. 1,25,000 from MVIF under GIAN and SIDBI. Animal Feed Processing Machine Yasir Arafat S/O, Md Shabbir Alam, K.haat, Postk. Haat, Near Urdu Middle School, Thana-k. haat, Purnea, Purnia, Bihar pin - 854301 Video Link: https://bit.ly/39MenT8 Yasir Arafat (30), an accountant has developed a feed mixing machine that can produce goat feed, poultry feed, organic fertiliser, poultry waste fertiliser, and bio energy and feed pellets. The machine uses corn and millets, such as bajra and soya, as feed for cattle, buffaloes, and poultry animals of all ages. It weighs around 75 kgs and has a 1.5 HP motor. It has a grinder, hopper, a control panel board, and an MS plate. It has wheels, is automatic, and is easy to operate. It can generate biofuel using fodder and can also produce urea pellets. The machine reduces the cost of urea by nearly 40%. The approximate manufacturing cost per unit is Rs. 1,20,000 and the selling price is Rs. 1,50,000 (excluding 18% GST). Yasir has sold 8 units to date, making a profit of Rs. 2,00,000, earned at Rs. 25,000 as profit margin. The cattle feed plant can be custom designed and engineered based upon the properties of the raw material to be of cattle feed across India, there are many installations designed to process feed pellets. The problem with most feed pellet machines is that they make the pellets without binding. Yasir�s machine overcomes this problem by binding the raw material at high pressure under heat. The device does not require any external heating source as it uses binder-less technology. All the feed pellets get roasted, making them bacteria-free. The feed in pellet form is rich in protein, easy to digest, and bacteria- free. It also increases cattle milk production capacity. There is no wastage during feeding. The pellets are easy to transport, have a good shelf life, and are more economical and cheaper than the market available feed. The device is suitable for processing all kinds of mash feed and feed materials including roughages, dry forages, and green forages. Yasir�s innovation has been sanctioned to receive financial support of Rs. 2,40,000 from MVIF under GIAN and SIDBI. Foldable Cylinder Carrier Mushtaq Ahmad Dar Kreeri, Dooru, Anantnag, Jammu and Kashmir - 192211 Video Link: https://bit.ly/3wtb1yi Mushtaq Ahmad Dar (28), a �full- time� innovator, has created a foldable cylinder carrier. Mushtaq also helps his brothers in running the family business and managing the household. Knowing Mushtaq�s creative nature, his friend, Zahoor Ahmed Shah brought him to Ahmedabad in 2005 for NIF�s Third National Innovation Award Function. Mushtaq was intrigued to see and meet people from all over the country who had created so many innovative solutions based on their observation skills, ingenuity, and effort without any training or assistance. He was immediately reminded of his troubled home state, which was plagued with unemployment and unrest. He imagined an innovation that would solve a persistent technological problem and help in generating employment. Mushtaq innovated a foldable carrier which can be used to easily transport gas cylinders. The carrier is simple to use, even for women and children, and has a load capacity of up to 60 kg. The production cost per unit is Rs. 350 and selling price is Rs. 500 (excluding 18% GST). Expected sales are 1000 units per year. Mushtaq�s innovation has been sanctioned to receive financial support of Rs. 1,57,500 from MVIF under GIAN and SIDBI for marketing. It was also awarded in the 5th National Grassroots Innovation Awards 2009. Manual Rice Planter Nishi Biswas D 62, Somya Vihaar, Phase - 1, Khajuri Kala, Piplani, Bhopal, Madhya Pradesh - 462021 Video Link: https://drive.google.com/file/ d/1i7vVyD_gZ-CWgPYEvsq2aoEOj-O-5_ rP/view?usp=sharing Nishi Biswas, a professional innovator, developed a �manual rice planter�. As of now, India does not manufacture manual rice planters. They are mostly imported from other countries, making them unreachable for small farmers. Nishi is the first person in the country to develop such a machine. He was motivated by the thought to ease the work of small farmers. He wanted to develop a small manual machine that would be cheaper, could run in small plots, was easily portable, and did not incur extra cost to run. Nishi has sold 3 planters so far. Due to the labour crisis and the high costs involved, small farmers are unable to afford rice cultivation, so they migrate to urban areas in search of work. Nishi�s machine will solve this problem. The manual rice planter can easily run on small plots, making it ideal for farmers with small land holdings. Using this machine, a person can sow 2 acres in a day. The planter has no additional operating costs. The farmers can repay the loan for the machine in a single season. The selling price of the machine is Rs. 20,000. His innovation has been sanctioned to receive financial support of Rs. 1,80,000 under MVIF by GIAN and SIDBI for marketing and on-farm trials and demonstrations in different parts of the country. Battery-operated Tractor Rahul Singh Bijapar Asman Chhapara, Post- Siswa Bazar, Maharajganj District, Uttar Pradesh Video Link: https://bit.ly/2PCLZfz Rahul Singh is a 12th standard student at ABC Public School Divyanagar and an innovator at the Design Innovator and Incision Center at Madan Mohan Malaviya University of Technology Rahul�s father, Sanjay Singh is a farmer by profession. At an early age, Rahul witnessed the burdens faced by the farmers and wanted to do something to ease them. He thought of making a battery powered tractor. He developed a battery-operated tractor that could plough an acre of field in three hours. It is eco-friendly with automatic charging. It can go upto the speed of 70 km per hour. It is easy to use and can be charged with a solar battery. The ploughing machine can be easily transported and is ideal for sugarcane rolling in the fields. It can plough six-kattha fields in under two hours. As the tractor is battery- operated it does not require diesel and petrol. It also has an accelerator and a wireless system, allowing farmers to communicate while on the move. The first prototype was developed in July, 2020. The tractor has secured first place at the India International Science Festival. Rahul has has been sanctioned to receive financial support of Rs. 1,80,000 under MVIF by GIAN and SIDBI for prototype development, testing and trial, and marketing of the tractor. "

Volume No.	Honey Bee, 32(3-4)5-12, 2021

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