Lead Angels Unleashes New Era of Opportunity: Offers Investors complimentary access to the brightest startups

Lead Angels Unleashes New Era of Opportunity: Offers Investors complimentary access to the brightest startups

Lead Angels, an angel network formed by a team of three originally from IIT Bombay, has announced a complimentary membership for select investors for one year – a move to introduce affordable startup investing with like-minded people who evaluate and invest in startups together ensuring objectivity, knowledge sharing and better results.

Lead Angels, today, is a network of over 400 angel investors from diverse backgrounds from India and overseas who have invested in over 100 startups. The Lead Angels portfolio includes some of the marquee names like Shopkirana, Supr Daily, Godesi, Ockypocky, PlanetSpark, SkyeAir, Dhruva Space and Agrix amongst others.

As the first external CEO of SINE, IIT Bombay and with years of investing in public and private markets, Sushanto Mitra emphasizes the importance of a thorough check while evaluating startups. The Lead Angels Investment Committee also comprises Mr. E.N. Venkat a graduate of BITS Pilani & IIMA, who is with Aavishkaar Frontier Fund and Prof. Dhruv Nath with a doctorate from IIT Delhi, who was a professor at MDI Gurgaon as well as author of two bestselling books on startups including ‘Funding My Startup and Other Nightmares”.

This will be the first time that a traditional investor led Angel network like Lead Angels is offering its membership for free of course only for a year.

“As we celebrate a decade of achievements, we are thrilled to offer this to empower a wider audience of active and knowledgeable investors and create a vibrant and inclusive ecosystem for startups. This move aligns with our mission to democratize angel investing and drive innovation to new heights”, says Sushanto Mitra, CEO- Lead Angels

Lead Angels has firmly established its reputation as a trusted player in the startup investment space by prioritizing due diligence and thorough vetting processes. As part of its unwavering commitment to investing wisely, Lead Angels diligently assesses companies and founders before making any investment decisions.

Lead Angels is also known for dropping deals despite getting overwhelming investor interest if their due diligence (both legal and financial) fails.

Since the launch of the SEBI approved Cat I Angel fund in Feb’ 2022, Lead Angels has invested in over 30 startups with total commitments upwards of INR 80 Crores. This strategic move of launching the fund has also helped the members get access to a digital way of investing in startups.

The member base comprises accomplished entrepreneurs, seasoned professionals, and industry veterans who form a formidable group bringing their extensive network, wisdom and knowledge to evaluate, invest in and subsequently support startups. Members at Lead Angels include professionals at CEO, CTO and CFO positions in global and Indian Fortune 50 companies.

“I took the risk of joining Lead Angels as its first member in 2013 and the experience over the years has not only been both fun and educative but surprisingly profitable too. It’s nice to invest with people who are like-minded, says Ratish Nair, a media professional and a pass out from IIM Calcutta.

As Lead Angels looks to the future, it remains committed to providing a supportive ecosystem for startups and aims to bridge the gap between investors and entrepreneurs.

Science and Technology Park’s Demo Day showcases the most promising startups

Science and Technology Park’s Demo Day showcases the most promising startups

New Delhi [India], March 16: Science and Technology Park, Pune (Scitech Park), with support from the Department of Science and Technology (DST), Government of India, is taking a bold step towards creating a future-ready manufacturing ecosystem through the Scitech StepUp ManXL – a NIDHI Accelerator Programme funded by DST.

The manufacturing sector has been historically established as the backbone of the economy and employment generation. The sector is witnessing exponential growth in start-ups covering untapped technological prowess. Furthermore, the sector is scouting for greater efficiencies and create opportunities for cost rationalization. Scitech StepUp ManXL is an attempt of harnessing the potential technological advancements to achieve the vision of value creation and Atmanirbhar Bharat.

Scitech StepUp ManXL culminates with a Demo Day on 29th March 2023 in Pune showcasing the most promising startups offering cutting-edge technologies for MSMEs in manufacturing sector. 14 startups will showcase their innovative solutions to potential investors, enablers, mentors and customers at the Demo Day event. Moreover, the start-ups will compete to win cash prizes of Rs. 10 Lakh. These start-ups have onboarded the accelerator after going through a rigorous selection process. In the programme, to make them investment/order ready, the start-ups were provided expertly curated training and 1-on-1 mentoring. They also had access to Scitech Park infrastructure and showcasing opportunities.

On Demo Day, in the morning half (10:30 AM to 1:00 PM), the start-ups will make brief presentations to a Jury (to decide awards) and an audience having investors, enablers, industry representatives etc. In the post-lunch session (2:00 PM to 4:30 PM), the start-ups will interact with investors and enablers on a 1-on-1 basis (the investors/enablers will choose the start-ups they want to interact with). Post 4:30 PM the award ceremony will take place.

The 14 participating start-ups showcasing their work are AICAN, AQ Automations, BTECH Smart Solutions, C-Probe Technologies, geniSIGHTS, HariSi, IDT Innovation Technologies, InfinityX, Inovec Solutions, Jay Bharat Agritech, PupilMesh, Resonating Mindz, SmartBizz CS and WaveNxD Technologies. One can access more information about these companies on the Science and Technology Park website.

In conclusion, the Demo Day is an excellent opportunity for investors, mentors, and customers to witness the most promising startups in the manufacturing sector Scitech Park has to offer. By supporting these startups, we can invest in the future of manufacturing and contribute to economic growth.

Let us come together to create a vibrant and innovative ecosystem that fosters entrepreneurship and supports the growth of the manufacturing sector in India.

To register your interest to the Demo Day organized by Scitech Park on 29th March 2023 as an investor, please fill out this form: https://forms.gle/rrSatb2DTb1F5oGL6.

Science and Technology Park, Pune (Scitech Park) is DST, GOI supported Science and Technology Entrepreneurs’ Park (STEP) set up on the Pune University campus. It is a not-for-profit organization registered as a Society and a Trust in 1990. It acts as Industry – Research – Academia – Government connect to promote S&T based innovation and entrepreneurship. With a mission to convert knowledge into wealth, Scitech Park has supported nearly 200 innovative start-ups by providing comprehensive incubation services. From idea stage to growth stage, to support the innovative start-ups, Scitech Park runs various initiatives including sustenance grant, prototyping grant, seed fund and acceleration support.

For more information, please contact on stp@scitechpark.org.in