- IPV becomes an investment and knowledge partner to support and invest in The BITS Goa Innovation, Incubation & Entrepreneurship Society, incubated startups
- This partnership marks IPV’sIPV’s first initiative to foster and grow campus backed entrepreneurs
- BITS Goa Innovation, Incubation & Entrepreneurship Society is a registered society by the Birla Institute of Technology & Science (BITS Pilani KK Birla Goa Campus) under Society Registration Act 1860.
- This alliance intends to generate and promote social and impact entrepreneurial opportunities among the youth
New Delhi: Inflection Point Ventures, one of India’s largest angel investment networks, have announced a strategic partnership with The BITS Goa Innovation, Incubation & Entrepreneurship Society (BGIIES) to support and fund social and impact startups being incubated at the Campus. The BITS Goa Innovation, Incubation &Entrepreneurship Society runs the incubation centre of BITS Pilani – Goa Campus and has been registered with BITS Pilani KK Birla Goa Campus, one of the most reputed Science and TechnicalUniversities in India.BGIIES Goa aims to strengthen the startup ecosystem in the region and enable entrepreneurs by providing them with mentoring and capital to launch disruptive and impactful startups.
Ankur Mittal, Co-founder of Inflection Point Ventures, says, “IPV works closely with more than 25 exclusive communities associated with E-cells, universities, colleges, and alumni associations, including IITs & IIMs, across India. Alumni communities and campus startups have always been important to us, as some of the best startups have originated from them. Our Campus Connect programs allow our portfolio companies to collaborate with and hire from top colleges. BITS Pilani KK Birla Goa Campus is new territory for us. With this collaboration, we look forward to funding startups from the college’scollege’s incubation cell for the first time. In addition to replicating this model with our existing college network, we are confident of seeing stellar results. It is in our DNA to support entrepreneurs throughout the country.”
IPV Actively participates in exclusive events at various institutions to encourage startups and believes that people grow with startups.
The partnership will have multiple facets to foster the entrepreneurial culture among the students. BGIIES – BITS Pilani Goa and IPV will co-host industry-level events where top VCs and angels will be mentoring startups by providing them industry access and capital. IPV will leverage its industry connect with the top VC funds to foster one-on-one connections with high-potential young founders and support them with seed capital.
As entrepreneurs and investors, the IPV team has always looked for individuals passionate about driving economic growth and meeting market challenges.
Tarun Krishnakumar, General Manager of BGIIES Incubator, GOA, says, “IPV has collaborated with BGIIES to build a robust start-up ecosystem for incubated startups. As a result, efficiencies will increase, good startups will have the opportunity to scale early, and long-term value will be created across the nation. The MoU will help IPV share their knowledge and expertise with us to improve startup & investor experiences and ensure future growth.”
Through this partnership with BGIIES – Goa, BITS Pilani alumni network, and startups, IPV will be able to formalize startup investments which will allow the alumni and members of the institution to evaluate and participate in startups emerging from The BITS Goa Innovation, Incubation & Entrepreneurship Society (BGIIES)
About Inflection Point Ventures & Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 7400 CXOs, HNIs, and Professionals who invest in startups. The firm supports new-age entrepreneurs by providing them with monetary and experiential capital and connecting them with diverse investors. IPV has announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage start-ups.
About BGIIES Goa
BITS Goa Innovation, Incubation & Entrepreneurship Society is a registered society by Birla Institute of Technology & Science (BITS Pilani) supported by BIRAC, Govt of India, which was created to examine the feasibility, the working models and the policy framework for the purpose(s) of, primarily creating a culture of entrepreneurship, start-ups and Intellectual Property creation that can lead to value creation, jobs & employment and do social & economic good, etc. amongst many such other objectives of the said Policy. Birla Institute of Technology and Science, Pilani – Goa Campus is a private deemed university campus located in Goa, India. Established in 2004, it is one of the four campuses of the BITS Pilani.
