Pai’s Mangaluru Angels to boost entrepreneurship
MANGALURU: In a move that will create an ecosystem for local entrepreneurs in Namma Kudla, corporate social leader TV Mohandas Pai announced the setting up of the Mangaluru Angels. This angel fund, Pai says, will encourage Mangalureans, irrespective of caste/creed, to start entrepreneurial units in their hometown rather than go to Bengaluru or Mysuru. This will encourage startsup to build a base here before branching out elsewhere.
Vesting responsibility of overseeing the setting up of an incubator with banker Sandeep Shenoy, Pai told STOI it’s high time a community of startups emerges in the coastal city. "We’ll bring in investors (angels), provide budding entrepreneurs with mentors, and turn their entrepreneurial dream into reality," he said. Wannabe entrepreneurs may fail with a business idea but they should start taking risks, he said. The incubator wi ll encourage entrepreneurs to meet and create business models. It will have all facilit ies to nurture their dream, he said, adding products born in the incubator will be markete d. The idea is to ensure India’s next billion dollar company comes from a Tier II city.
Comments on this Article | |
Maxim, Kukude | Tue, February-24-2015, 8:43 |
Infosys is doing great after this man QUIT... Agree[1]
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Jossey Saldanha, Mumbai | Tue, February-24-2015, 7:51 |
Acche Din for Alfredo and Maxim ... Agree[1]
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