Indian Angel Network (IAN), a leading network of angel investors, has agreed to provide mentoring to budding IT entrepreneurs at the Startup Village.
The pact was firmed up at a meeting between IAN president Padmaja Ruparel and Startup Village CEO Sijo Kuruvilla George.
IAN has agreed to provide space in its Delhi office for the mentoring of budding entrepreneurs of Kochi-based Startup Village.
The startups that are selected after the mentoring session will be provided expertise for raising funds and creating a judicious revenue model for their enterprises, Kuruvialla George said.
Sanjay Vijayakumar, chairperson of the governing board of Startup Village, said IAN has a number of mentors and investors on its panel.
“We are planning to have some collaborations or partnerships with IAN. It will give a wider exposure to the nascent companies at the Startup Village,” he added.
Ruparel started off her visit by addressing a session, where she delivered a lecture on ‘Structuring a business plan to pitch to angel investors and angel 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 said.
The Indian Angel Network serves as a platform for bringing together successful entrepreneurs and CEOs from India and abroad who are interested in investing in startup and early stage ventures having the potential of creating disproportionate value, she added.
Kuruvilla George said, “We are intent on forging some arrangements with IAN whose multiple domain expertise will enable startups to exploit opportunities across sectors.”