Partners

INDIA INNOVATION INITIATIVE 2017

Partners

Young Indians (YI)

Young Indians (Yi) is an integral part of the Confederation of Indian Industry (CII), a non-government, not-for-profit, industry led and industry managed organisation playing a proactive role in India's development process. Yi was formed in the year 2002 with an objective of creating a platform for young Indians to realise the dream of a developed nation. Yi has around 2010 direct members in 38 chapters, and engages around 10500 students through chaupals, under the brand ‘Yuva’. The Yi membership includes young progressive Indians between the age group of 21 & 40 and comprises entrepreneurs, professionals and achievers from different walks of life. "To become the Voice of Young Indians Globally" being the vision of Yi, it provides a platform for young Indians to participate in and contribute by becoming an integral part of the Indian growth story. Yi's work is divided primarily into three groups; "Youth Leadership", "Nation Building” and “International Engagements”.

Under youth leadership, Yi works effectively for promoting leadership skills for its members through the learning programs and missions to companies of global excellence in India and abroad; the development and engagement of students through its 109 Chaupal platforms that has 10500 students.

Under Nation Building, Yi engages its members under the board categories of education, environment, healthcare, employability, arts (sports & culture) and rural initiatives contributing positively to its surrounding eco system and the nation. Through its initiatives like Akshara under Education, Yi has impacted more than 15000 students across 57 centers and has successfully managed campaigns like the 'SYightboard Project', providing blackboards to schools across different cities, reaching out to 1070 schools nationally and impacting approximately 2,53,000 children. The Green I Contest done with an objective to engage school children to become socially aware and responsible citizens is one of its flagship programs, with the winner getting a grant of Rs 7.5 lakhs to implement their ideas.

Under "International Engagements", Yi is one of the proud founders of the G20 Young Entrepreneurs' Alliance which is a collective of leading entrepreneurially-minded organizations representing the G20 countries who seek to promote youth entrepreneurship as a powerful driver of economic renewal, job creation, innovation and social and is one of the founders of the Commonwealth Asia Alliance of Young Entrepreneurs (CAAYE) which is a network of young entrepreneurs from the Commonwealth Asia region and the organizations that support them. 

Web link: http://www.youngindians.net/


The Indus Entrepreneurs

About TiE: The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. There are currently 13,000 members, including over 2,500 charter members in 61 chapters across 18 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, education, incubating, and funding. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs.

Web link: http://tie.org//


Indian Angel Network

Indian Angel Network (www.indianangelnetwork.com) India’s first and now the world’s largest Angel Investor Group, brings together successful entrepreneurs and CEOs who share a passion to enable more early stage businesses to create scale and value. By focusing on startups, the Network addresses the current acute lack of funds available to early stage companies. The Network believes that early stage businesses require more than just money to succeed. They require close mentoring and inputs on strategy as well as execution.

Indian Angel Network currently has close to 400 members drawn from across the country and some from overseas, including leading lights from diverse sectors (information on www.indianangelnetwork.com). Co founded by leaders like Saurabh Srivastava, Raman Roy, members now include people like Kris Gopalakrishnan, Pramod Bhasin, Jerry Rao, Sanjeev Bikchandani, Ajai Chowdhry, Rajiv Luthra, Sunil Munjal amongst many others. Institutions such as SIDBI, Helion, Sequoia Capital, IDG, IBM, Michelin, etc. are actively engaged with the platform

IAN’s operations are spread across 6 cities in India (Delhi, Bangalore, Mumbai, Pune, Hyderabad and Kolkata) with regular pitch sessions. IAN was launched by Prime Minister Cameron in the presence of 4 of his senior Cabinet colleagues from No 10 Downing Street. This makes IAN the world’s first angel group to set up operations outside of its home country. It now has regular pitch sessions in London as well bringing innovative British ventures to not only raise funds at IAN but also leverage the large global market access that IAN provides to build global foot print companies. Several innovative British companies have now joined the IAN portfolio and are rapidly scaling up across borders including India, Singapore, US, etc.

Close to 5,000 entrepreneurs reach out to IAN and undergo a quick but deep multi layered diligence process. This results more than 300 shortlisted ventures presenting to IAN investors annually through weekly pitch sessions. This diligence / curation ensures that investment opportunities finally presented to investors raise about $500K in less than a day! Interestingly IAN does not stop at just helping companies raise monies – the engagement goes well beyond. Companies are not only mentored by investors, but IAN supports them to access global markets / clients, build their teams, help build their visibility / brand, raise next round investments, etc. This post investment support and engagement helps the companies to grow their businesses faster and build globally competitive companies

With a portfolio of over 80 companies invested across multiple geographies (7 countries) and multiple sectors (17 sectors), the Network has met with early successes. Some of its marquee investee companies have given investors outstanding returns with a potential to become unicorns - WebEngage with close to 6x returns in 18 months, Druva with 290x over 81 months, Stayzilla with 18x over 31 months, Box8 with 20x over 30 months, Sapience with 18x in 51 months, Consure with 10x over 42 months, Traffline with 13.5x in 43 months, etc.   It has built excellent relationships with main stream VCs (like Sequoia, Nexus, Matrix Partners, Tenaya, IDG, Kalaari, USF, Inventus,etc ) which have invested in its portfolio companies.

Web link: http://indianangelnetwork.com/


9th India Innovation Initiative
2017

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India Innovation Initiative 2017

AICTE, DST and CII are jointly organizing India Innovation Initiative 2017 to promote entrepreneurship in the country by sensitizing, encouraging and facilitating innovators for commercialization of their innovations.