Regional angel networks rise to back small-town heroes

For as long as he'd lived there, R Sivarajah had considered the famous 17th century Meenakshi Amman Temple the biggest draw in Madurai, one of the oldest cities in Tamil Nadu. Around 2012, though, the founder of IT solutions company Winways Systems, realized he was meeting and giving advice to wannabe entrepreneurs from the city's many engineering colleges almost every day. And they seemed, in his mind, to be almost as ubiquitous as the tourists who flocked to the temple city.

He started out by mentoring aspiring entrepreneurs but found that big-city investors were hesitant to put money behind small-town startups. "Our local talent was migrating to the big cities, and we weren't seeing many success stories out of Madurai," says Sivarajah....................Read more


Source: The Times of India

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