I was forwarded this news article by a friend few days ago, it is relinked at many places now.
Few folks at IIT Powai are trying to help build a Global Entreprenuership Network connecting entreprenuers and VC's , they are also trying to collaborate with entrepreneurship cell at Stanford and MIT.
This could be of great help to entrepreneurs , I think it would be great to have a node of this network in as many cities in India as possible(have one at Hyderabad/Bangalore š ).
mtrajan.com 