Angel Prime…..Startup incubator

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Angle Prime is launched by veteran entrepreneurs to cater the needs in Electronic Payments, eCommerce, Smartphones & Tablet-based applications startups. It is an initiative to provide mentorship,seed money and all other requirements for early stage startups which want to go higher.The main objective of Angel Prime is to bring Idea and Entrepreneurs together.
In country like India we observe that there is a boom of technology. New and effective devices like smart phones, tablets, computers and high speed internet speed and mobile traffic born a new area for entrepreneurship. There is a big opportunity in this field.But new entrepreneurs faces lack of mentorship and money to start their journey.

India is at the threshold of widespread adoption of Internet and e-commerce among consumers and in small and medium enterprises. The last 12-months have seen a huge increase in traffic and revenues of various ecommerce sites as well as an explosion in data traffic through GPRS and now – 3G. Together with a dramatic lowering of the price points of Smart phones (under Rs. 5000), impending slew of low-cost tablets (under Rs. 10,000) and massive identity infrastructure like UID, we now have a fertile ground for entrepreneurs. Now entrepreneurs can start with a clean slate and build apps and products based on the new ground realities which can leapfrog existing technologies.
Exploiting these opportunities calls for the new breed of entrepreneurs to use the “lean startup” model – quickly building, tuning and sometimes discarding products and business models in a rapid protyping and testing cycle. Doing this successfully requires a support system that does not exist today.

AngelPrime addresses this much needed gap in the Indian startup ecosystem. While numerous Venture and PE funds pour capital into later stage ventures with proven business models and revenues, the very early stage startups and entrepreneurs with ideas are starved of investment and critical mentorship.

AngelPrime is started by budding entrepreneurs Bala Parthasarthy, Shripati Acharya, Sanjay Swamy – they have started various successful companies in India and the USA from scratch. They served as volunteers for the UIDAI, working directly with its Chairman and Infosys co-founder, Mr. Nandan Nilekani in defining the blueprint for the architecture and use of Aadhaar (UID) across multiple industry and government segments.

They are founders of snap fish(1999) which was acquired by HP later.

The AngelPrime 7-step incubation process
1.Attract high-quality entrepreneurs and want-to-be entrepreneurs into the ecosystem. The potential entrepreneurs should be either highly technical or have deep business experience. Having a “fire in the belly” is the most important ingredient for any successful startup and we place undue premium on this.
2.Co-ideate with entrepreneurs in pruning and refining concepts
3.Distill concepts into a workable product plan, estimate business potential and build the first prototype.
4.Validate product in the marketplace and ascertain product/market fit.
5.Pivot to reach Minimum Viable Product and launch.
6.Increase investment, build out the core team, grow revenue and customers.
7.Raise institutional capital and let the companies fly!

Contact details:
Mail at info@angelprime.com

Website: www.angelprime.com

Sigma Technology Park
Building Beta, Fifth floor
SH 35, Whitefield,
Bengaluru, Karnataka – 560066, India

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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