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.
Contents
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