BK News
Srinagar, Dec 17: Kashmir Angel Network (KAN) Saturday held a stakeholder discussion on ‘startup expectation from angel investors’ at its corporate office here.
The discussion was the second in a series titled KANversations: Unlocking Opportunities aimed to bring together various stakeholders from the startup ecosystem to talk about the issues that exist in the industry as well as the potential that exist in it.
The second KANversation’s primary objective was to have a discussion on the expectations that startups and other stakeholders have of the angel network. During the course of the conversation, participants from a variety of startups, corporate lawyers, academics, and journalists explored a wide range of challenges being faced for the creation of a viable startup ecosystem.
During the course of the discussion, Shabir Handoo, Chairman of KAN, brought up a number of different concerns, including the organisational structure of enterprises in J&K. He stated that “the enterprises may be scaled up to the national and global levels with the correct sort of interventions both financially and legally.”
He added, “Kashmir Angel Network has also begun assisting already-established enterprises with the myriad of legal and regulatory formalities necessary for the development and expansion of the enterprises.”
The stakeholders who were present at the Kashmir Angel Network discussion also discussed the necessity to provide mentorship for the creation of feasible prototypes in new enterprises, as well as the methods in which the notion of Angel Network may be brought to the attention of those searching for investment opportunities.
The discussion also focussed on the various other features of angel networks and the need to provide incubation spaces to early-stage Startups, which provide solutions beyond the plug-and-play facilities.
