NEN Online, an encyclopedia for new and future entrepreneurs, recently announced their tie-up with IAN. Indian Angel Network (IAN) is a unique concept which brings together highly successful entrepreneurs and CEOs from India and around the world who are interested in investing in start up / early stage ventures which have the potential of creating disproportionate value. The partnership was formed to connect Indian startups with angel investors.Together, NEN and IAN will connect Indian Startups to Angel investors through joint events and pitch sessions, and facilitate the investment submission process.
Apart from funding, the Network also provides mentoring, strategic thought leadership and leverages the Members’ networks for the investee companies.
Areas of Angel Funding
Currently the partnership is looking to do angel funding in following sectors.
- IT Products & services and Internet space
- Retail
- Biotech & Pharma
- Media and Entertainment
- Education
- Telecom and embedded domain startups
Angel Funding Size
The Network looks at investing from about USD 100,000 to 1 million, and exiting over a 3 to 5 year period through a strategic sale. The Network may consider investments over a million dollars but is only likely to do so through syndication.
Angel Funding Criteria
The Network is likely to fund startups that have
- High Barrier to entry into market
- Complimentary management team
- Scalable Business
- Startups having innovative and unique product and service or process, either in concept or implementation stage
Process for Angel Funding
Startups looking for angel funding can directly apply online. They will have to first download the guidelines in the template below to prepare the business plan:
Elevator pitch template (please download and fill out the template)
The startups will have to then write a business plan in not more than 2 pages along with a 3-4 slide presentation covering various aspect of startup business.
Submit your plan & presentation online
Also Read: Indian startups find angel funding elusive
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Author: Arun Prabhudesai
Arun Prabhudesai is founder / chief editor at trak.in. He jumped the Entrepreneurship bandwagon in early 2008 after a long 13 year stint in I.T Industry. You can follow him on twitter @trakin or get in touch with him at admin-at-trak-dot-in or 91.9822575676.Related posts:
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{ 4 comments… read them below or add one }
I have never seen a post like this.It is really very interesting as it has produced a a steps to start a new business is mentioned and people who are looking forward to start can go through this site.
Also see this website http://www.Go4Funding.com It is simly a great site that connects entrepreneurs and angel investors, across the globe. They have excellent articles to educate about angel investors and it is a free site. You can post your idea and see whether you can attract investors.
Hi All,
I got a chance to present my business ideas in investors meet ( as Indian Angel Network Claimed ) at Bangalore recently. I was completly dispointed with their approach, It was not on the right track. I found couple of Investment analysts prettending as angle investors in the meet and they simply does not have any idea about the shortlisted companies business sector. Instead of identifying the mutual interest between the entreprenuers and investors, those people were going ahead with thier own conclution ( Typical indian style of lending ).There are certian things which i would like to talk with investors in a second or third round were questioned in the meeting without identifying the mutual interests.
what i felt in the mmet was, the mmet organized by indian Angel network is completly a time passing event for them. I never observed any serious approach from thier end, They gave 15 minutes time for Pitch and both of us failed to come out with a result from that, since they never understand the difference between an invester pitch for 15 minute and a business plan presentation.
My suggestion is ( for INDIAN ANGEL NETWORK PEOPLE ), do not put immature angels in future for investors meet, Do a teleconferance with entreprenuers before inviting them to a pitch,
DO NOT DO A MARATHON MEET like what happened recently in BANGALORE.
only 3/4 people attening all entreprenurs, SO WE CAN EXPECT THE OUT COME…
THERE ARE LOT MORE…
i think there is a chance for number of angel groups in india..those who does not follow the meaning less IAN approach..
I WOULD EXPECT A ONE ON ONE MEETING WITH AN ANGEL FOR ATLEAST 45-MINUTE TO EXPLAIN THE STUFF…..IN THE FIRST MEETING…if they can not do that….
better to inform the peeple that..they can not do..
It was a clear evidence of indian angels/angel networks
We are a business group based in Chennai , Tamil Nadu from the past 100 years.Our major businesses are non-banking finance (hire purchase), Packaging industry, Textiles, Diamond & diamond jewellery ,and real estate. We are looking at a minimum funding of 15-20 crores.