Bangalore: Indian Angel Network (IAN), one of the leading Angel Investors in India which has funded nearly 35 differentiated scalable ideas from a variety of sectors including IT Infrastructure to life-sciences, plans to invest in Bangalore based tech startups from the mid of this month.

In a recently released statement Mr Saurabh Srivastava, co-founder of IAN said, “The IAN members will evaluate start-up ideas of young entrepreneurs from Bangalore and other cities in the South in mid-May. Those with the most promising ideas will be able to raise funds from IAN. They will be also able to access the strategic thinking of IAN members and global networks to grow their ventures.”

IAN is currently focused on cloud-based projects in the Software as a Service (SaaS) and Platform as a Service (PaaS) segment. It will be partnering with Nasscom’s Emerge-Product initiative to combine the expertise and resources to help the next generation startups in India.

The startups or entrepreneurs will be shortlisted based on their business plans submitted in the IAN website. IAN will conduct an informal meeting with the short listed entrepreneurs in the second half of this month in Bangalore in order to give a chance to the candidates to present their ideas for approval, the statement said.