They then invest those funds in promising start-ups, although they often end up with more misses than hits.

In his new position, he will work with Accel's existing portfolio companies in order to identify promising start-ups.

Government officials say a solid banking system is needed as a disciplining force that steers investment to efficient companies and promising start-ups.

Rather than taking small stakes in promising start-ups, it is focusing on buying companies outright that are somewhat proven and generating operating earnings.

It was also listed by Forbes India as one of the 11 most promising start-ups to look out for in the year 2012.

Israeli financial newspaper Globes ranked the company as one of Israel's most promising start-ups in 2006.

These days, a promising start-up needs a few big corporate customers to attract the venture capital needed to survive.

The investment community is constantly on the alert for promising start-ups that can tap into that lucrative market.

To everyone's delight, Miss DeLay accepted, bringing with her three assets that helped turn a promising start-up into a global player.

It will provide office space, strategic advice, and a range of business services to promising start-ups, small businesses and entrepreneurs.