My Global Hustle

NEW DELHI — Teacups in hand and butter biscuits within reach, a handful of local technology titans debated the future of some young Indian entrepreneurs on a summer Saturday. After grilling five teams over several hours, the group, the Indian Angel Network, put two promising start-ups on the shortlist for potential financing.

“The Angel Network is really trying to help breed innovation,” said Padmaja Ruparel, the president the organization. “Our efforts are really going into driving the economic engine of India.”

Even though India is famous for it software industry, it hasn’t been a conducive environment for up-and-coming technology companies. Unlike in Silicon Valley, start-ups here can’t easily access capital, tap into a network of serial entrepreneurs or hone their ideas through incubators.

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