Imphal Angels to boost up Innovative entrepreneurs
Pothashang News Service: Imphal, November 4, 2018: Imphal Angels, the first Private Angel Network in north east has landed in Imphal to boost up the innovative and tenacious entrepreneurs in the region in terms of funding and technical know-how etc.
Fisher Laishram, member of governing body, Imphal Angels told reporters that the investor company would help tenacious entrepreneurs from North East India build disruptive and scalable startups.
“With a vision of to create a vibrant and diverse startup ecosystem in North East India, facilitating world class products and services serving large markets and the mission to help and nurture innovative startups from North East India reach multi-million dollars valuation, Imphal Angels will provide early stage equity-based funds to disruptive startups founded by tenacious entrepreneurs”, Fisher said.
World class startups cannot be produced from the region if there is no start up ecosystem. The region has several innovative entrepreneurs with potential of world class startup like “diamonds in the dirt”. The job of Imphal Angel is just to identify those tenacious entrepreneurs and nurture them till they reach world class standard. So far, 20 Angel investors have signed up with Imphal Angels, he said.
By becoming a member of Imphal Angels one will have a unique opportunity to become an early stage investor of some of the most innovative ventures from the region, which are largely untapped, and not only gain financially but also have an impact in the economic development of the region, he said.
Stating that the company usually invests in the range of 10 Lakhs to 50 lakhs in each early-stage business, he said, we are, however, flexible to meet the needs of the start-up and make larger investments too. We are sector agnostic and are interested in for-profit, innovative startups, he added.
Apart from the capital investment, the company will help the entrepreneurs with timely mentoring and access to their large network of industry experts and VC funds, he said.
He said Imphal Angel is organising Manipur Angel Investors’ event on November 18 at Hotel classic Imphal and appealed those interested to tap the opportunity of the event.