The Indian Institute of Technology Kanpur (IIT Kanpur) incubator, known as SIIC, a pioneering force in technology incubation in India, is gearing up to lead a distinguished delegation to the esteemed World Business Angel Investment Forum (WBAF) in Durban, South Africa. This globally acclaimed event is scheduled to take place from November 21st to 22nd, 2023, at the Durban ICC – International Convention Center, and is set to unite prominent figures from the investment community. The IIT Kanpur delegation’s presence at WBAF 2023 marks a pivotal step in strengthening international relations and championing the Indian startup ecosystem on the global stage.
INDIA – The startup economy in India has been rapidly emerging as one of the most dynamic and promising ecosystems in the world. Over the past decade, India has witnessed a significant surge in entrepreneurial activity, driven by a combination of factors that have created a conducive environment for startups to flourish.
One of the key catalysts for this growth has been the government’s proactive support through initiatives like “Startup India,” which aims to foster innovation and entrepreneurship. These programs offer tax benefits, funding opportunities, and a simplified regulatory framework for startups. Additionally, the proliferation of incubators, accelerators, and co-working spaces has provided budding entrepreneurs with essential resources and mentorship.
The Indian Institute of Technology Kanpur (IIT Kanpur) incubator, known as SIIC, a pioneering force in technology incubation in India, is gearing up to lead a distinguished delegation to the esteemed World Business Angel Investment Forum (WBAF) in Durban, South Africa. This globally acclaimed event is scheduled to take place from November 21st to 22nd, 2023, at the Durban ICC – International Convention Center, and is set to unite prominent figures from the investment community.
The IIT Kanpur delegation includes the following prominent members:
- Sudatta Mandal, Deputy Managing Director of SIDBI
- Satya Prakash Singh, Chief General Manager of SIDBI
- Nikhil Agarwal, Chief Executive Officer of FIRST IIT Kanpur
- Ankit Saxena, Assistant Vice President of Investments at FIRST IIT Kanpur
This team not only represents IIT Kanpur but also encapsulates the aspirations of India’s rapidly evolving startup ecosystem. Recent statistics indicate a substantial surge in the number of recognized startups in India, with over 100,000+ flourishing as of 2023, a testament to the nation’s thriving innovation landscape.Five cutting-edge startups from IIT Kanpur’s ecosystem will be participating in this prestigious event:
- AgroNxt Services
- Kritsnam Technologies
- Renergizr Industries
- Voltworks
- Noccarc Robotics
These startups are poised to demonstrate their groundbreaking products and present their pitches on the Global Fundraising Stage, embodying the essence of Indian innovation and entrepreneurship.
The WBAF 2023 World Congress is a prestigious gathering that draws participants from as many as 92 countries, bringing together angel investors, private equity fund managers, business angel networks, and wealth management institutions.
The 2023 Congress is of particular significance as it hosts the Africa Forum of Angel Investors, underscoring a commitment to nurturing global investment partnerships and highlighting the vital role of the African continent in the global investment landscape.
Dr. Nikhil Agarwal, CEO of FIRST IIT Kanpur, expressed his excitement about this opportunity: “We are delighted to represent India and showcase the groundbreaking solutions developed by our startups on this international platform. Participation in WBAF 2023 offers our startups a unique opportunity to gain visibility, network with global investors, and explore potential collaborations.”
The IIT Kanpur delegation’s presence at WBAF 2023 marks a pivotal step in strengthening international relations and championing the Indian startup ecosystem on the global stage.
For more information about the Congress and registration details, please visit the official website at www.wbaf2023.org
