Hyderabad, Dec 1 (IANS) In a bid to provide funding access to start-up businesses, the Indian School of Business (ISB) Thursday launched its ‘Propero’ initiative.
‘The Propero initiative provides a platform for start-up and growth stage entrepreneurs to raise equity or debt financing,’ ISB said in a statement
‘The event will provide venture capitalists (VCs), angel investors and bankers access to high quality, scalable business plans from various sectors,’ ISB said.
According to ISB, the event which is scheduled to be held here from Feb 24-25, 2012, will build on the success of the inaugural edition, when 30 leading investors had participated.
‘Apart from 30 plus VCs, Angels (investors), over 10 leading banks including IDBI, Bank of Baroda, Andhra Bank, SBH, SBI, Union Bank have confirmed their participation.’
The eligibility criteria to participate in Propero 2012, says SBI will lay on per-requisites like: The venture must be a registered India-based registered entity in existence for at least six months with a clear-cut offering of operations, product and has gained traction in terms of customers, markets and prototype.
‘The last date for entrepreneurs to submit their investment profiles is Dec 20.’
ISB added that the event is being jointly hosted by the B-school’s Centre for Entrepreneurship (WCED) and Centre for Investment, while the Credit Guarantee Trust for Medium Small and Micro Enterprises (CGTMSME) of the union government is the ‘Knowledge Partner’.
