Join us to create MAGIC

Please contribute NOW since every Rupee of your contribution till December 31,2016, will be matched by another from a matching grant! 


Every one lakh Rupee in the MAGIC FUND will help up to 4 budding entrepreneurs each year in perpetuity. 

 

Why MAGIC Fund?

Access to capital is one of the crucial aspects of Entrepreneurship Development. To start an enterprise one certainly needs to have an idea that is technically feasible and commercially viable. After ascertaining that idea is both feasible and viable, aspiring entrepreneurs work on and develop their Business Plan and start their quest for capital.

This is when most of them get frustrated. There are many government schemes (both state and central) but the bureaucracy is daunting to these people. Micro Finance Institutions are willing to lend money; but their interest rates and structure are usurious when compared to the rate of return the micro enterprises can hope to achieve. With these options of access to capital, the aspiring entrepreneurs hit a brick wall and slowly lose their confidence and desire to start a micro enterprise.

Need, therefore, exists for a hassle free and low cost alternative of providing access to capital to the aspiring entrepreneurs who have a viable business plan and an implementation strategy.

I Create India has created a revolving seed capital assistance fund – known as MAGIC (Mentor and Angel Group of I Create) – to assist budding entrepreneurs at grassroots level with returnable financial assistance. This has been possible through the generous contributions of many real Angels. We hope to attract more of them and keep the fund growing.

Your desire to help disadvantaged members of society progress economically through entrepreneurship route is a noble one. 

Upcoming Events

  • National Business Plan Competition (NBPC) on January 28th, 2017 at Goa.
  • Leadership Meet on January 29th, 2017 at Goa.

Magic Fund Beneficiary

  • MAGIC (Mentor and Angel Group of I Create) Fund is established to help I Create trained Aspiring Entrepreneurs with Seed Capital Assistance. This is a donation based revolving fund.
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