Indian varsities to start angel investment network
Jan 18: Many technological innovations and research findings
by Indian and British varsities will no longer remain confined
to laboratories and will find their way to the market thanks
to monetary help and advice from the UK India Business Council
Prime Minister Gordon Brown, who arrives in India Sunday,
will unveil a unique angel investment network during his visit.
institutions like the Indian Institutes of Technology (IITs),
top varsities and medical colleges will get an opportunity
to collaborate with their counterparts in the UK to make a
laboratory product available in the market,' said Britain-based
entrepreneur Karan Bilimoria, a member of the UKIBC.
start-ups and similar developments will be identified, supported
and funded across the border. It's my dream that this kind
of collaboration will help identify and enable the Microsoft
of tomorrow. I am sure the next generation Microsoft will
emerge from India,' Bilimoria told IANS.
who is a member of the House of Lords of the British Parliament,
said the effort would help students and individual innovators
commercialise their dream projects.
will get seed money to move out of the laboratory and commercialise
it. The network will also help them get the copyright and
finally patent registration,' he said.
said the British premier would give out the details of the
network members and financial aspects.
He said Britain is home to many great innovations. Cambridge
University, for example, has produced more Nobel Prize winners
than any other institution in the world.
recent report published by a British university said that
100 world changing innovations have come from British universities
in last 50 years.
institutions like the IITs are a great source of innovation
in India. The network will help the innovators set up their
own laboratories and if they grow big, then it will facilitate
its listing on the London Stock Exchange,' said Bilimoria,
the owner of Cobra Beer.
know, a lot of varsities from the UK and India are forging
agreements for student exchange and research work. This angel
network will certainly boost this effort,' he added.