Neha Pandey DeorasM Saraswathy Mumbai
Last Updated : Dec 18 2013 | 11:30 PM IST
Recently, this city got its newest angel network, Lead Angels. The network, led by Sushanto Mitra, ex-chief executive of Society for Innovation & Entrepreneurship, Indian Institute of Technology (IIT)-Bombay; C Amarnath, retired professor of mechanical engineering at IIT-Bombay; and IIT-Bombay alumnus Bipin Kumar, aims to break the disconnect between investors and investees.
Though Mitra wants this to be an avenue for funds to entrepreneurs of IIT-Bombay and other IITs, he says it won’t be limited to IITs alone.
“In India, there is a gap between business ideation, the incubator stage and the funding or angel stage. Students have brilliant business ideas that are incubated at campuses, but they don’t know how to take it forward due to monetary issues. We are here to bridge that gap,” says Mitra, co-founder and chief executive of Lead Angels.
