TiE Chandigarh and Chandigarh Angels Network ink MoU to promote entrepreneurship

TiE Chandigarh and Chandigarh Angels Network (CAN) on Wednesday entered into a strategic Memorandum of Understanding (MoU) to provide start-ups with funding, mentoring, incubating, and educating.

The collaboration aims to bridge the gap between innovative start-ups and potential investors while creating a supportive ecosystem for business growth. It also seeks to empower start-ups from diverse sectors, irrespective of their revenue stage—pre-revenue or post-revenue.

On the occasion, TiE Chandigarh president Satish Kumar Arora said, “By combining TiE Chandigarh’s extensive network with CAN’s investment expertise, we aim to create a thriving hub for innovation.”

The MoU will provide start-ups with access to a network of investors, including chapter members of TiE Chandigarh, enabling them to secure capital for scaling their ventures.  Also, an exclusive link will be generated for start-ups to submit their funding requirements, enhancing visibility and accessibility to potential investors.

Beyond funding, the collaboration offers start-ups mentorship, networking opportunities, and incubation support to fast-track their journey to success.

Chandigarh Angels Network president Ajay Tewari said, “We are thrilled to collaborate with TiE Chandigarh. Together, we will not only help start-ups secure funding but also provide them with the tools and connections they need to grow and succeed.”