To boost start-up ecosystem in Mangaluru, a group of four persons has come forward to become angel investors to start-ups.
Mangaluru Angels LLP, which has four designated partners, is scouting for ideas to create start-ups from the region.
In an informal chat with BusinessLine on the sidelines of a programme here, Sandeep S Shenoy, designated partner in Mangaluru Angels, said they will focus on start-ups from Dakshina Kannada and Udupi districts.
The idea is to create ecosystem to bring down the risk aversion among the start-up entrepreneurs. He said Mangaluru Angels already received around 16 business plans both from old and new economies.
They had received ideas related to e-commerce and apps in the new economy, supply chain management in old economy, and those related to electronic consumer products.
Mangaluru Angels is yet to take a decision on the ideas received. However, Shenoy said the angles will hand hold if the ideas are good.
Other designated partners in Mangaluru Angels are: Subhash Baliga, Atul Kudva, and Vilas Nayak. All the four partners in Mangaluru Angels have a collective experience of 50 man-years in fields such as equity market, venture capital funding, enterprise formation and old economy.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.