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2015-05-12

IAN partners with Johnson Matthey to launch an Incubation Program

This initiative, through the contributions of innovative entrepreneurs, will benefit producers, consumer and the community at large.

Indian Angel Network, an angel network of angel investors and Johnson Matthey, a leader in sustainable technologies have collaborated to launch an Incubation program to encourage entrepreneurs to create innovative and disruptive solutions in the space of clean technologies.

With focus on clean air, clean water, clean energy and low carbon technologies, the program will incubate start-ups with disruptive and scalable business ideas that can be implied to bring down the energy and fuel related problems of the modern world. As a part of this initiative, the shortlisted innovators and entrepreneurs will receive access to one –to-one mentoring with Investors/Industry experts, opportunity for access to grants, assistance on designing their products or service, building prototypes, getting customer validation, and preparing the foundation for commercialization of the idea over a period of 12 months.

Saurabh Srivastava, co-founder & member, Indian Angel Network, commented, “It has been IAN’s continuous endeavour to develop platforms which put a spotlight on innovation and foster entrepreneurship in the country. We are certain that our tie-up with Johnson Matthey will help discover pioneering business ideas in the space of clean technologies. This initiative, through the contributions of innovative entrepreneurs, will benefit producers, consumer and the community at large.”

Ajai Chowdhry, Founder, HCL & Member, Indian Angel Network, commented, “At IAN, we have always believed that to be successful, early stage businesses don’t just require money but also need close mentoring from industry experts to device the right strategy. At this point, when India is fast becoming a manufacturing base for most companies, new age start-ups which can offer innovative services to control fuel and energy consumption is the need of the hour. Our association with Johnson Matthey will prove to be the beginning of better things to come in the future. We encourage entrepreneurs to come forward with ideas and solutions which will make a difference to the world.”

Nick Garner, Director (Group Business Development), Johnson Matthey, commented, “We are delighted to be participating in this rapidly growing market by partnering with entrepreneurs in the clean technology space and keenly look forward to enhancing our local presence in India by investing in the new ideas generated.”

Alok Khetan, MD, Johnson Matthey India, said, “We are very excited to be partnering with the Indian Angel Network to further our vision of being leaders in the clean technology space, especially in emerging markets like India.”

Indian Angel Network has been instrumental in shaping India’s entrepreneurial landscape and has played key role in incubating start-ups around the globe and support them through the entire journey from ideation to becoming enterprises and even after that.

The IAN Incubator helps entrepreneurs to convert their ideas in becoming successful and profitable ventures by supporting them in business planning, mentoring, recruiting their top team, commercializing their technologies, developing their products, getting early engagement and customer validations from the market, transfer of technologies, getting early seed funding, help in forging partnerships at the national and global level, advice on intellectual property,training and development and many other things.

“Johnson Matthey is a frontrunner in sustainable technologies; creating products to enhance the quality of life through their beneficial impact on the environment, human health and wellbeing across the globe. It has been endowed with many awards and accolades for outstanding work in field of sustainable development, with most notable ones being “Britain's Most Admired Company” award and “The Queen’s Award for Enterprise in Sustainable Development” in 2014,” said the company’s official release.

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