GIZ partners with Indian Angel Network and SIDBI to Launch Incubation Program
GIZ, Small Industries Development Bank of India (SIDBI) and Indian Angel Network (IAN), India's first and Asia's largest network of angel investors investing in start-ups and early stage ventures, have come together to launch an incubation program. This initiative is in alignment with the current focus of the Indian government to create more entrepreneurs and seed start ups.
The program seeks to empower entrepreneurs in building sustainable and scalable businesses in the social impact space by incubating and nurturing over a 100 social enterprises serving the base of the economic pyramid. The focus of this incubation program is to help create and breed sustainable enterprises which will create positive impact on the lives of our citizens and also create wealth for the promoters and returns for the investors.
Mohit Goyal, co-founder, Indian Angel Network said, "In a country of the size and scale of India, socially relevant start-ups which can make difference to the society, are of great importance. Often we see passionate impact inclined entrepreneurs create local centres of excellence, but they do not have the experience and vision to scale those ventures nationally. IAN's intention is to create a significant difference in creating social impact by helping and guiding passionate entrepreneurs scale up their ventures so that the good work done in pockets is extended over a larger population and geography. IAN is delighted to partner with GIZ and SIDBI."