Inflection Point Ventures partners with BITS Goa Innovation, Incubation & Entrepreneurship Society (BGIIES) to strengthen the startup ecosystem

  • IPV becomes investment and knowledge partner to support and invest in BITS Goa Innovation, Incubation & Entrepreneurship Society, incubated startups
  • This partnership is IPV’s first initiative to nurture and grow campus-supported entrepreneurs
  • BITS Goa Innovation, Incubation & Entrepreneurship Society is a registered society of Birla Institute of Technology & Science (BITS Pilani KK Birla Goa Campus) under the Society Registration Act 1860.
  • This alliance intends to create and promote social and entrepreneurial opportunities among youth

Inflection Point Ventures, one of India’s largest angel investment networks, has announced a strategic partnership with BITS Goa Innovation, Incubation & Entrepreneurship Society (BGIIES) to support and fund social and impact startups incubating on campus will. BITS Goa Innovation, Incubation & Entrepreneurship Society operates the Incubation Center of BITS Pilani – Goa Campus and has been registered with BITS Pilani KK Birla Goa Campus, one of the most prestigious Scientific and Technical Universities in India. BGIIES Goa aims to strengthen the startup ecosystem in the region and empower entrepreneurs by providing them with mentoring and capital to create disruptive and impactful startups.

Ankur Mittal, co-founder of Inflection Point Venturessays: “IPV works closely with more than 25 exclusive communities affiliated with E-Cells, Universities, Colleges and Alumni Associations including IITs and IIMs across India. Alumni communities and campus startups have always been important to us as some of the best startups have emerged from them. Additionally, our Campus Connect programs enable our portfolio companies to partner with and hire from top colleges. BITS Pilani KK Birla Goa campus is new territory for us and we look forward to funding startups from the college’s incubation cell for the first time with this collaboration. In addition to replicating this model with our existing college network, we are confident of seeing excellent results. It’s in our DNA to support entrepreneurs across the country.”

IPV actively participates in exclusive events at various institutions to promote startups and strongly believes that people grow with startups.

The partnership will be multi-faceted with the aim of promoting an entrepreneurial culture among the students. BGIIES – BITS Pilani Goa and IPV will jointly host industry level events where top VCs and Angels will mentor startups by providing them access to industry and capital. IPV will use its industry connection with the best VC funds to foster personal connections with young founders with high potential and also to support them with seed capital.

As entrepreneurs and investors, the IPV team has always looked for individuals who are passionate about driving economic growth and solving market challenges.

Tarun Krishnakumar, General Manager of BGIIES Incubator, GOAsays: “IPV has partnered with BGIIES to build a robust startup ecosystem for incubated startups. This increases efficiency, gives good startups the opportunity to scale early, and creates long-term value nationwide. The MOU will help IPV share their knowledge and expertise with us to enhance the startup and investor experience and ensure future growth.”

Through this partnership with BGIIES – Goa, the BITS Pilani Alumni Network and Startups, IPV will be able to formalize Startup Investments allowing the Alumni and members of the institution to evaluate and invest in startups that emerge from the BITS Goa Innovation, Incubation & Entrepreneurship Society (BGIIES)

About Turnpoint Ventures & Physis Capital

Inflection Point Ventures (IPV) is an angel investment platform with over 7400 CXOs, HNIs and professionals investing in startups. The company supports new-age entrepreneurs by providing them with cash and experience capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF from Physis Capital to invest in pre-Series A to Series B growth stage startups.

About BGIIES Goa

BITS Goa Innovation, Incubation & Entrepreneurship Society is a registered society of Birla Institute of Technology & Science (BITS Pilani) supported by BIRAC, Govt of India and was established to promote feasibility, working models and policy framework for To examine the purpose ( s) primarily the creation of a culture of entrepreneurship, start-ups and intellectual property creation that can lead to value creation, jobs and employment and serve social and economic benefits, etc., among many other goals the said directive. Birla Institute of Technology and Science, Pilani – Goa Campus is a private university campus in Goa, India. It was founded in 2004 and is one of the four locations of the BITS Pilani.

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