Hybrid funding is the way forward for Pramod Haque, managing partner of Norwest Venture Partners and the world's top venture capitalist as per Forbes magazine's annual Midas list.
In simple terms, this means that a start-up can impress one of the world's leading venture capitalist firms if it has a strong front-end in the United States, backed by R&D and product development work in India.
Haque, along with nine pioneering technology companies from the US that have received funding from Norwest, interacted with their Indian companies and exchanged ideas and technology trends that are imperative for enterprises in India.
Speaking to reporters on the sidelines of this interactive session, Haque said, "Currently, 15 of the 40 companies that have received funding from Norwest have their R&D or product development work happening in India. In the last 9-12