One of the most gaping, conspicuous changes in the corporate realm is that many are opting to not work forever in a tiny office space, constricted by various factors beyond their control, and are moving out of that restricted sphere by using their ideas and creativity to launch their own ventures. Many of these ideas are brilliant, but it is not simply a brilliant idea that can steer one’s venture into the right direction. One also requires access to substantial capital, a solid network legal and financial counsel, and rigorous mentorship, all of which give spur the rise of another issue: being forced to visit multiple places to have a solid scaffold or framework for their business.
This is where an accelerator comes into play. Perfect for small businesses, an accelerator supports early-stage, growth driven companies through education, mentorship, and capital infusion. Selected startups enter a particular accelerator for a fixed tenure and as a part of a cohort of companies. While accelerators are similar to angel investors, there is also a gaping difference between the two. What separates the two is that an accelerator-driven experience is a process of intense, rapid, and immersive education aimed at accelerating the life cycle of young innovative companies, compressing years’ worth of learning to just one stretching a few months.
The first seed accelerator program, titled Y Combinator, was launched in the US in 2005. The growth of accelerators in the US have been dizzying, with the number of US-based accelerators increasing by an average of 50% each year, between 2008 and 2014.
However, in India, accelerator programs are still relatively new and nascent. Many individuals are getting captivated by the benefits that accelerators have to offer; however, we still have a lot of catching up to do. But no one can deny that we are gaining traction at a rapid pace.
One such accelerator in India is India Accelerator. India Accelerator is a seed-stage accelerator program that helps startups grow. It’s a structured program that brings the primordial building blocks for a startup under one roof – the much needed mentorship, network, technology and peripheral services (like legal, financial etc). India Accelerator also helps startups raise capital through a well-connected network of high net-worth individuals and angel investors. It is the ONLY GAN-partnered (Global Accelerator Network), mentorship-driven program in India. The founders, Ashish Bhatia and Mona Singh, boast of over two decades of experience in the corporate sector, having stints in the likes of Fortune 500 companies
IA provides mentorship-driven incubation and acceleration program to startups mainly in the areas of AI/Chat-bots, blockchain, health-tech, financial services, consumer commerce and mobile services (iOS & Android).
This year, they mentored seven promising startups, all dabbling with the aforementioned sectors, over the course of four months. They have grown by leaps and bounds, and are slowly inching towards attaining their full potential. India Accelerator is therefore organizing a Demo Day for prospective investors who will help them realise their goals.
The Demo Day is on the 26th of October, 2018, at the Palms Town and Country Club, Gurgaon at 3 P.M.
The Demo Day is perfect for these startups as it will be an opportunity for the investors to scout for potential investment or partners. Media exposure is an added benefit, apart from well deserved financial backing that they will be endowed with.
Therefore, it should be no surprise that they are brimming with eagerness to commence the next phase of the program for these startups, as the culmination of this year’s accelerator program is fast approaching.
These seven startups will present their pitch to an audience of investors, media organizations, corporate strategists, and the public in general. Each will do an exposition on what makes their respective startup different from the existing players. They will also present their business models, an elaboration on market opportunity, and market projection. Each firm will get around three minutes to pitch their brand to the investors and the media.
If you wish to find a potential investment or partner that will be beneficial to you, India Accelerator is willing to accommodate you for the Demo Day. You may confirm your presence by clicking on the link below