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2013-11-14

IAN launches a new chapter overseas

Indian Angel Network (IAN) is the first Angel Group to have a global presence. With the full encouragement and support of the UK Government, IAN will establish a presence in the UK in what will be the perfect win-win proposition for IAN and the UK start-up ecosystem. British Prime Minister Mr. David Cameron also addressed the meeting of IAN investors and shared his excitement of bringing IAN to the UK. The launch also witnessed the presence of Hon Minister Oliver Letwin and Minister Greg Barker.

Indian Angel Network (IAN) is the first Angel Group to have a global presence. With the full encouragement and support of the UK Government, IAN will establish a presence in the UK in what will be the perfect win-win proposition for IAN and the UK start-up ecosystem. British Prime Minister Mr. David Cameron also addressed the meeting of IAN investors and shared his excitement of bringing IAN to the UK. The launch also witnessed the presence of Hon Minister Oliver Letwin and Minister Greg Barker.

 

IAN is the only angel group in the world with operations across multiple cities and a mix of around 250 institutional and individual members, comprising the who’s who of successful entrepreneurs, spread around the globe. This gives IAN the unique and unparalleled ability to help its investee companies not only succeed locally but scale globally. This visionary initiative of the UK Government and IAN will help UK start-ups leverage not just capital but the expertise, domain knowledge and geographical spread of IAN members, while providing IAN members an opportunity to be a part of the UK start-up ecosystem and invest in world class, innovative ventures.

 

Saurabh Srivastava, co-founder of IAN, who is leading the initiative said, “UK is home to some of the best research and innovation in the world but has been underleveraged by global angels as angel activity tends to be a localized, city based, “ clubby affair” with informal processes that do not scale. IAN, a rare global angel group with robust, standardized, processes that operate across geographies, is best positioned to seize this opportunity.”

 

Padmaja Ruparel, President, IAN said, “IAN is India’s first angel network to extend its global reach in fostering entrepreneurship. UK is a strategic market for IAN, we already have some active UK investors investing in Indian start-ups and our investee companies are expanding.”

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