Innovation Angels is a select network of successful entrepreneurs and other business leaders have a vested interest in Indian entrepreneurial ecosystem. Innovation Angels envisions being a platform where ideating teams, startups and early stage companies interact with seasoned entrepreneurs, professionals, executives and investors and pitch for both intellectual and seed capital. The members of this Angel group will guide startups, modify their business plan and prepare a sound business case ready for execution. Our aim is to provide a launch pad where great companies can be nurtured and in return they create value both in terms of jobs for the society and profits for their shareholders. This ecosystem will benefit the founders, investors, employees and above all customers.
Business start-up and expansion is one of the primary keys to economic development at the local level. In fact, many of Bangalore’s most successful companies were start-ups in their own right.Most entrepreneurs agree that raising capital is the primary obstacle hindering their growth. Bangalore which is coveted as the Silicon Valley of India has few angel sources making investments in early stage technology companies today. In addition, the angel groups outside.Bangalore have been funding the startups out of this city. There is a missing link of local angel network which will ensure decision making quick and effective. The goal of the Innovation Angels is to fill the gap between “friends and family” and traditional VC financing for companies in Bangalore. Funding and assistance from Innovation Angels will allow a start-up to accomplish critical milestones that will make it attractive for a larger follow-on venture capital financing.
Innovation Angels members are founders, CEO’s, and business and community leaders who have built world-class organizations. Members mentor and coach the entrepreneurs they invest in, serve as board and advisory board members, provide contacts, and assist the entrepreneur with team building, strategic planning and follow-on fundraising. Innovation Angels is not a traditional venture fund. While members collaborate on screening potential investment opportunities and due diligence, each member makes an individual investment decision. Members can pool funds to co-invest in an exciting venture.