A Network to Help Start-Ups With a Cause
Friday, May 20, 2011
BANGALORE – A social-sector advisory firm has launched a platform to bring together rich individuals, foundations and companies keen on investing in businesses that cater to the poor.
Intellecap Impact Investor Network (I3N), launched earlier this week, will help social-sector start-ups raise $1 million to $3 million from a group of select angel investors, making it the only such organized platform in the country.
The other two angel networks in India-Mumbai Angels and Indian Angel Network-facilitate investments in commercial businesses.
Intellecap is putting together memoranda of understanding with about 15 angels and has got investment commitments in excess of 100 million rupees.