Indian Angel Network (IAN) and IIM Alumni Singapore Collaborate to Fund Startups in India and Singapore

• ByStartupStory     |    November 21, 2023

The Indian Angel Network (IAN), a prominent seed and early-stage investment platform, has joined hands with IIM Alumni Singapore in a strategic collaboration that aims to bring together two of Asia’s dynamic startup ecosystems – India and Singapore. This partnership seeks to foster connections and collaborations that can spur growth and innovation in both regions.

IAN, renowned for its angel investing activities in India, and IIM Alumni Singapore, a network comprising professionals from the prestigious Indian Institutes of Management, envision leveraging their collective strengths to create mutually beneficial opportunities.

The impact of this collaboration is expected to extend to startups and investment prospects. IAN investors are poised to gain access to high-quality investment opportunities in Singapore, benefitting from the nation’s robust intellectual property protection and government support. This move aligns with IAN’s broader objective of contributing to the development of globally influential companies.

Additionally, the partnership is set to bolster IAN’s ambitious goal of creating 500,000 jobs through investments in 500 startups with a fund allocation of Rs 5,000 crores. Members of the IIM Alumni Singapore community, on the other hand, can anticipate engaging with startups and tapping into opportunities within both the Indian and Southeast Asian markets.

The collaboration holds reciprocal benefits, offering the IIM Alumni Network opportunities to invest in and mentor startups through IAN’s platform. Startups associated with IIM Alumni Singapore will gain access to financial support and mentorship from IAN’s venture capital funds, along with tapping into the extensive network of influential entrepreneurs and CEOs associated with IAN.

IAN, with investors spanning 12 countries and a global presence in 7 locations, has a track record of funding startups across diverse sectors, achieving multiple successful exits. On the other hand, IIM Alumni Singapore focuses on building a robust network and brand for IIM alumni, promoting their interests across professional, business, academic, governmental, and social sectors in Singapore, India, and globally. This collaborative effort is poised to create a bridge between two vibrant startup ecosystems, fostering innovation and growth on a broader scale.

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