BENGALURU: US-based angel investor network Keiretsu Forum has entered into an exclusive partnership with N S Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management-Bangalore (IIMB).
An angel investor is an individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.
A release by IIMB says the network will emphasise on educating entrepreneurs, investors and venture funding ecosystem participants on business formation, new technology platforms and global best practices. “Angel investors have an important part to play in facilitating the growth of entrepreneurship. A global forum like Keiretsu can make a huge positive difference to the funding phenomenon,” Dr G Sabarinathan, chairperson of NSRCEL, stated.
Randy Williams, Founder and CEO of Keiretsu Forum, said they want to bring angel funding within the reach of every start-up with a viable business model. He is in the city to launch the Bengaluru chapter of the forum.
“There are people here trying to address uniquely Indian problems and opportunities from agriculture and rural needs to cutting-edge innovations in space travel. These ideas must be nurtured and these entrepreneurs mentored to ensure they achieve full potential. That takes more than money. It takes committed investors who are willing to be patient,” Williams said.