To assist and finance social and impact enterprises being incubated at the Campus, Inflection Point Ventures, an angel investment network, collaborates with The BITS Goa Innovation, Incubation & Entrepreneurship Society (BGIIES).
BGIIES Goa aspires to improve the local startup ecosystem and empower business owners by giving them access to finance and mentoring so they may create disruptive and significant startups, as per reported by BW Disrupt.
Read also – As part of Govt. compliance, ECOBILLZ offers C-Form automation solution for Hotels to manage Foreign guests
Ankur Mittal, Co-founder, of Inflection Point Ventures, says, “IPV works closely with more than 25 exclusive communities associated with E-cells, universities, colleges, and alumni associations including IITs & IIMs, across India. Alumni communities and campus startups have always been of great importance to us as some of the best startups have originated from them. Additionally, our Campus Connect programs allow our portfolio companies to collaborate with and hire from top colleges. BITS Pilani KK Birla Goa Campus is a new territory for us, and with this collaboration we look forward to funding startups from the college’s incubation cell for the first time. In addition to replicating this model with our existing college network, we are confident of seeing stellar results. It is in our DNA to support entrepreneurs throughout the country.”
The collaboration will have many aspects with the goal of encouraging the students’ entrepreneurial culture. Top VCs and angel investors will be mentoring companies by giving them access to the industry and funding at events that BGIIES – BITS Pilani Goa and IPV will be co-hosting at the industry level. To build one-on-one relationships with high potential young startups and to provide them with seed money, IPV will use its industry ties with the top VC funds.
Read also – Agritech Startup WayCool Partners With Yara India
Tarun Krishnakumar, General Manager of BGIIES Incubator, GOA, says, “IPV has collaborated with BGIIES to build a robust start-up ecosystem for incubated startups. As a result, efficiencies will increase, good startups will have the opportunity to scale early, and long-term value will be created across the nation. The MoU will help IPV share their knowledge and expertise with us, to improve startup & investor experiences and ensure future growth.”
Read also – [Funding alert] Agritech startup Grow Indigo raises $6 Mn funding