Expected to give a push to start-ups in southern Tamil Nadu <\/p>\n
Madurai, October 23: <\/p>\n
Nativelead Foundation (NLF) launched the Native Angels Network (NAN), a forum for enabling an enterprise eco-system for investments in tier-II and tier-III regions in southern Tamil Nadu, here. <\/p>\n
The objective of the regional initiative is to support young entrepreneurs by funding and mentoring. Any local venture, with a business plan over three-five years with an investment of 25 lakh and with a definite exit plan for the investors, can avail of the support. <\/p>\n
The investor-member has a minimum commitment of 5 lakh spread over a period of three years with a preference to invest in at least at 5 NAN-investee companies during the period. Indian Angels Network (IAN), Asias largest angel group is associated with NAN as its Knowledge Partner. <\/p>\n
The forum is headed by Karumuttu T Kannan, Managing Director, Thiagarajar Mills. The first batch of 30 investor-members were introduced and two business ventures called Rainstock and Freshnv were announced at the event by R Sivarajah, Founder and Director, NLF. <\/p>\n
Rainstock aimed to harvest rainwater, recharge groundwater and recycle grey water and Freshnv is an online meat store for delivery of non-frozen fresh meet to premium buyers. An incubation facility, where young entrepreneurs will have access to resources, is to be introduced soon, he added. <\/p>\n
Sivarajah said that thirty ideas are being nurtured at present, including a web portal to book venues for events, online grocery store, battery car and motorbike designing. <\/p>\n
(This article was published on October 23, 2014) <\/p>\n
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Nativelead launches angel investors forum<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Expected to give a push to start-ups in southern Tamil Nadu Madurai, October 23: Nativelead Foundation (NLF) launched the Native Angels Network (NAN), a forum for enabling an enterprise eco-system for investments in tier-II and tier-III regions in southern Tamil Nadu, here. Continue reading