The Confederation of Indian Industry (CII) is all set to launch a counselling cell for the start-ups. The cell will help budding entrepreneurs in eastern India.
J B Pany, Chairman of the Start-up and Innovation Taskforce, CII Eastern Region, said this at the Financing Innovation organised by CII on Friday.
According to the chairman, this is a part of exercise to handhold, mentor and guide prospective investors in terms of financing, funding and technology.
"This is extremely vital to one's success as an innovator," Pany said.
Funding and Financing agencies such as Xelpmoc, GHV Fund & Accelerator, Catapooolt, Unitus Seed Fund, Bhubaneswar Angel Networks, Kolkata Angel Networks, Brandshoot Ventures and Webel venture Capital Fund participated in the CII Financing Innovation.
"The meetings were very productive and we expect positive outcomes," said Dipankar Chakrabarti, Co-Chairman, Start-up and Innovation Taskforce, CII Eastern Region.
According to Chakrabarti, Financing Innovation is a special CII initiative which seeks to bridge the gap between the employable and the employed youth through entrepreneurship building.
The participants said that mentoring is very important for new innovators. Funding agencies can easily spot the difference between a well mentored innovator and another who has not been coached.