Angels are the earliest of early-stage investors. For many entrepreneurs, angels provide capital and frequently, valuable guidance and strategic assistance–that they would likely not find anywhere else. The ideal angel is someone who is a generation ahead in creating value in the industry. They'll provide financial capital as well as intellectual capital, which could be even more important than the money.
But the picture in India is different - Angels are hard to find. To bring Angel Investors and Innovators together, Indian Innovators Association made arrangements with selected Angels to examine the Business Plans of Indian Innovators.
Innovators looking for angel investment may contact the association with an executive summary of their business plan. Detailed plans can be submitted to the interested Angel after the preliminary examination.
Then there is Band of Angels in Delhi.Started in April 2006, the Band of Angels 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 Band , in addition to money, provide constant access to high quality mentoring, vast networks and inputs on strategy as well as execution. The Band members, because of their background are better able to assess the potential and risks at the early stage.
The Band looks at a broad spectrum for investments :
- IT products & services - High end BPO / KPO
- Retail - Biotech & Pharma
- Internet - Media & Entertainment
- Leading edge technology in telecom & embedded domains
