Kochi: Indian Angel Network (IAN), a leading network of angel investors in the country, has agreed to provide mentoring to budding IT entrepreneurs at the Kochi based Startup Village, giving a massive boost to first telecom incubator in India. The pact was firmed up at a meeting between IAN President Padmaja Ruparel and Startup Village CEO Sijo Kuruvilla George during her visit yesterday.
In a statement, Sijo said, “IAN has agreed to provide space in its Delhi office for the mentoring of budding entrepreneurs of Kochi-based Startup Village. The start-ups who are selected after the mentoring session will be provided expertise for raising funds and creating a judicious revenue model for their enterprises. They will also be given constant access to high-quality mentoring, vast networks and inputs on strategy and execution, thus equipping them with the ability to assess potential and risks at an early stage.”
Padmaja started off her visit by addressing an evangelisation session, where she delivered a lecture on the topic, ‘Structuring a business plan to pitch to angel investors and angel funding’. She dwelt on various nuances of becoming a successful entrepreneur, the right time to scale up, procedures for business plans and investor pitches and the right time to consider funding.
“IAN is the country’s first and largest business angel group with over 200 investor members who are successful entrepreneurs and dynamic CEOs”, she added. IAN has members from across India and overseas and it holds entrepreneur pitch meetings in Delhi, Mumbai, Bangalore and Pune every month. “Our concept has found resonance with companies like Intel, Google, SIDBI, Sequoia, Nexus and RVCF,” she said.
Sanjay Vijayakumar, Chairperson of the Governing Board of Startup Village, said, “We are planning to have some collaborations or partnerships with IAN. This will help us in a significant manner. It will give a wider exposure to the nascent companies at the Startup Village.”
Kerala IT News