Indian Angel Network (IAN), and Napino Auto & Electronics, manufacturer of electrical and electronic components for the automotive industry on May 30th 2016 announced their collaboration to launch an incubation programme to encourage entrepreneurs to create innovative and disruptive solutions in connected transport (two and four wheelers), Internet of Things (IoT), home automation, wearables, auto electronics, virtual reality (hardware).
Saurabh Srivastava, co-founder IAN and of the IAN Incubator said: “Strong incubation program as run by the IAN Incubator backed by forward looking corporates like Napino are perfect to nurture dynamic start-ups. I am certain this initiative will fulfil its promise and we will see great products emerge from the program.”
The incubation programme will provide one-on-one mentoring by investors or industry experts, grants for selected incubates, assistance for designing product or service and customer validation or industry connects.
Vipin Raheja, Chairman and Managing Director, Napino Auto & Electronics Limited said: “Napino has been a proud contributor to the progress of the Indian auto industry. Now, we would like to share our experience and offer support and guidance to the young talent in India to help them build the next level of technologies. This collaboration with the IAN incubator gives us a great platform to mentor entrepreneurs and be part of their success through this incubation program.”
Source: Business-Standard
