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Netz Capital to invest $2 Million in start-ups
By siliconindia
Mumbai: Netz capital, a fund and advisory focused towards nurturing start-ups has committed Rs 10 crores ($2 million) in technology infrastructure and promotional support to start-ups in India. The company plans to raise 
1300 crores ($300 million) from the world's financial institutions and government funds to provide basic facilities to grass-root companies, in a bid to create jobs.
"Our team and partners have a good experience of bootstrapping companies from a very small amount and help them become multimillion dollar worth companies with global clientele." Says Atul Khekade, Director of Netz Capital. "Today's financial crisis has resulted in job losses to millions of people and this bootstrapping model can create new employments if given basic support from government and institutional funds."
Many multibillion dollar companies like Sony, Dell, India's bioCon, Google were start up firms run from a small room who benefited from timely support from Institutional funds and enterprising friendly economy. Developed nations greatly built their strength from enterprising friendly ecosystem at grass-root levels post world war II.
India has seen growth in VC industry but most of the funds only deal with already established companies. Such model creates imbalance in the economy by building mammoth organizations on one side and leaving start-ups on one side that hunt for basic facilities for survival. Developed Countries like USA, Europe and Singapore have equal distribution of funds going in to established companies and startups thereby creating a balance in the economy. Financial crisis especially has brought the economic imbalance into public notice, which has left millions of people jobless in the highly inflated economy.
Netz Capital is in talks with various financial institutions and politicians to backup the venture.
1300 crores ($300 million) from the world's financial institutions and government funds to provide basic facilities to grass-root companies, in a bid to create jobs.
"Our team and partners have a good experience of bootstrapping companies from a very small amount and help them become multimillion dollar worth companies with global clientele." Says Atul Khekade, Director of Netz Capital. "Today's financial crisis has resulted in job losses to millions of people and this bootstrapping model can create new employments if given basic support from government and institutional funds."
Many multibillion dollar companies like Sony, Dell, India's bioCon, Google were start up firms run from a small room who benefited from timely support from Institutional funds and enterprising friendly economy. Developed nations greatly built their strength from enterprising friendly ecosystem at grass-root levels post world war II.
India has seen growth in VC industry but most of the funds only deal with already established companies. Such model creates imbalance in the economy by building mammoth organizations on one side and leaving start-ups on one side that hunt for basic facilities for survival. Developed Countries like USA, Europe and Singapore have equal distribution of funds going in to established companies and startups thereby creating a balance in the economy. Financial crisis especially has brought the economic imbalance into public notice, which has left millions of people jobless in the highly inflated economy.
Netz Capital is in talks with various financial institutions and politicians to backup the venture.