Updated on 3 September 2012
Is there any particular amount that IAN has set aside particularly for the healthcare sector?
IAN is not a fund, it is a co-investment platform. So investment interest is completely driven by the interest of each of its investor members. If the angel investors of the network like the business idea and see growth opportunity for a start-up, they invest in it, not only money but time and effort brining in strategic thought leadership and even operational direction, apart from leveraging their global networks.
How does IAN further plan to promote the start-ups in the lucrative sector of the healthcare, life sciences, biotech and pharma?
IAN promotes innovation and aims at fostering entrepreneurship in the country by investing in the upcoming start-ups in these sectors, providing them guidance along with strategic direction required at an early-stage. IAN sees over 300 business plans a month, hosts a workshop every fortnight somewhere in the country, has weekly entrepreneur pitch session to investors, hosts individual and group mentoring sessions. All of these with the specific domain experts in this case healthcare help sharpen the business plans of the entrepreneurs and connect them into the sector.