Ms. Padmaja Ruparel, President, Indian Angel Network said, “Venture Engine is a unique model as it helps ignite the entrepreneurial engine in Sri Lanka which will only help drive the economic growth in the region. At IAN, we are very excited to see unique propositions with very robust plans and high quality teams with high growth potential and IAN will not only help them open Indian markets, but world markets as well through its large global networks.”
Venture Engine platform is a sustainable platform providing post investment support as well. The Sri Lankan companies will now be able to access the large Indian market and grow their companies at a much faster pace. "We created Blue Ocean Ventures to provide mentoring and seed funding to entrepreneurs who want to launch and accelerate their businesses to the next level. We are excited about our partnership with the Indian Angel Network, and are thrilled with the results of Venture Engine 2012 which showcased the enormous potential for entrepreneurship in Sri Lanka. The guidance and support of the IAN played a crucial role in the success of the event and we look forward to even greater success next year", said Prajeeth Balasubramanium, Co-Founder & Managing Director, Blue Ocean Ventures.
Indian Angel Network seeks to ignite entrepreneurship, innovation and angel investing in different geographies. IAN’s investment in Sri Lanka marks another level of maturity in the angel investing process in India and will bring the Angel Networks from India and Sri Lanka closer to grow this cross border investment.