Angel funds gung-ho about startups
The products and services were from varied segments such as security, media, gaming, fintech, IT, augmented reality
Kochi: That was a different experience for most of the young entrepreneurs making presentations on their companies. They tried to hardsell their ideas to people who can fund their dreams.
As many as 16 companies selected by KSIDC made a pitch before angel investors and representatives of venture capital companies.
They were asked about their ideas, their revenue models, competitions and the teams that are working on their ideas. Some got visiting cards from the presenters: a signal that their efforts might pay off.
“I am happy with the presentations,” said Padmaja Ruparel, panelist and president of the Indian Angel Network.
“They were simple but innovative solutions.” The products and services were from varied segments such as security, media, gaming, fintech, IT, augmented reality.
“I will be taking back some good leads,” she said. Investors look for people who are passionate about what they are doing to invest their money with, Ms Ruparel said.
“We have a very well-laid process to pick companies to invest,” she said.Companies, especially those in the IT segment, must be aware of what is happening in the technology world.
“For example, South Korea is emerging as a power house in gaming segment, and companies must have ideas that can compete with those coming from there, she said. Ms Ruparel said she was happy that the outlook of the startups in kerala has improved in the last two years.
“People have started thinking globally, and that is a good sign,” she said.