Three Companies Receive Venture Funding at CII- Investor Forum '07

Mumbai, Maharashtra, India

CII-Sohrabji Godrej Green Business Centre organised its second annual Investor Forum 2007 on November 16-17, 2007 at the Hotel Taj Lands Ends, Mumbai. The forum was India's premier green investment platform.

The objective of the forum was to provide a unique platform for the interaction of various stakeholders - SMEs, financial institutions, angel investors, venture capitalists, clients, buyers, consultants and academics, where the most promising green companies of India pitched for investments.

Out of 157 business plans submitted, 11 were shortlisted who received intensive mentoring and hand holding by New Ventures India. These companies presented their business proposals at the forum.

Deepam Palm Dish and Zameen Organics were declared winner at the Angel category. Kabirdass, Ankur Scientific and Nandan Biomatrix won in the VC category.

Mr Somak Ghosh, President, Yes Bank Ltd awarded certificates to the winners and Mr Manish Bapna, Executive VP & Managing Director, World Resources Institute the finalists awarded certificates to the finalists.

Stalwarts like Dr. Nachiket Mor, President, ICICI Foundation for inclusive growth, Mr. ManishBapna, Executive VP & Managing Director, World Resources Institute, Mr. Jamshyd N Godrej, Chairman, CII -Sohrabji Godrej Green Business Centre, Mr. George Deikun, Mission Director - USAID India, American Embassy were present at the inaugural.

"New Ventures India continues to showcase investment opportunities which are of interest to our member base and it will continue to do so for the years to come." adds Ms Jaswinder Kaur, Executive Director, Indian Venture Capital Association.

Eminent personalities like Ms Laura Parkin, (National Entrepreneur Network), Ms Jennifer Dostert, (USAID), Mr Peter Castellas, (Cleantech AustralAsia), Ms Moumita Sensarma, (ABN AMRO), Mr Somak Ghosh, (Yes Bank Ltd) took part in the panel discussions, both the days.

Mr Somak Ghosh, President, Yes Bank Ltd added, "We are seeking to create a Social Enterprise Fund. This fund will invest between 100000 USD to 3 million USD in business ventures serving low income population. We also take this opportunity to offer advisory services."

The exhibition at the forum attracted huge visitors both the days. About 93 sq m of area was put up for exhibition containing LED street lights and flood lights, Electric motor bike, Arekanut leaf plates and cups, Energy saving device for sign, Solar panels and solar water heaters, HVAC manufacturers. Mr. George Deikun, Mission Director, USAID formally launched the Kabir Das Electric Bike on the day one of the forum after the inaugural.

The two day conference and exhibition received an overwhelming response and was attended by Venture Capitalists / Private Equity Investors / Angel Investors, Institutional Investors, Indian small and medium enterprises (SMEs)International experts in sustainable investment, Government representatives, Major consulting firms, Incubators, Research organizations, Business schools, Technology transfer experts from USA, China, Netherlands, Canada and India.

anwesha.chatterjee@ciionline.org / anwesha.chatterjee83@gmail.com madhav.kamath@ciionline.org

Source: Confederation of Indian Industry (Business Wire India)

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