India Accelerator to launch incubation program for early-stage tech startups
INDIA’S mentorship-driven incubator India Accelerator (IA) has said it will offer early-stage technology startups a new incubator program, including benefits from its newly-acquired membership of the Global Accelerator Network (GAN), which is a network of the most respected accelerators around the world.
Launching this month, Gurgaon-based IA will offer four months of rigorous guidance, training, business and technology services support and sources from mentors, partners and investors to early stage technology-based startups to help them rapidly build a sustainable business.
The companies will be guided by advisers and mentors, and have access to investors from technical and business support services.
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The first intake of the program will start in July and provide initial funding of between US$15,000 to US$20,000 to select startups, reports The Economic Times (ET) in India
GAN is a consortium of 70 leading accelerators including H-Farm in Italy, NXTP Labs in Argentina, SparkLabs in South Korea and Techstars in the US. The IA is the first startup accelerator from India to join GAN.
“We had been in talks with GAN for the last few months to get into their fold,” India Accelerator managing director Ashish Bhatia told ET. Bhatia has also co-founded companies such as AppWorks, OrganIQ and eGamersArena.
“It will help us get access to global partnerships and best practices in accelerators as well as give an excellent opportunity to startups to connect with mentors, entrepreneurs and investors on a global level,” he said.
According to Bhatia, the IA will accept five startups per intake with two programmes running a year.