Oxigen Wallet's Founder Pramod Saxena has launched a startup accelerator named Aarambh Ventures in partnership with IIT-Roorkee, specifically focusing on fin-tech and clean-tech startups. The accelerator will also partner with several early-stage funds including Unitus Seed Fund, Ivy-Cap Ventures and LetsVenture along with select HNIs and angel investors.
The platform will operate in two phases. The first will focus on setting up an idea lab on IIT-Roorkee's campus, where infrastructure and tech support, will be made available to the selected startups. And the second phase will be a 16-week accelerator programme, which will be located outside the IIT-Roorkee campus in greater Noida. The Aarambh Ventures accelerator programme will select close to 100 ventures in the next two years, out of which 20% will be successful, viable business ventures with funding.
"We offer a model of start support that is comparatively resource - efficient. Our program include workshops, coaching, networking, mentoring, weekly evaluation, co - working space, variety of events, speakers, demo day, legal & admin support. You'll get a collaborative environment,peers that are as hungry and hard working as you, and access to our close-knit network of startups, mentors, investors and trusted advisors," Aarambh mentioned on its site.
A couple of days back, Swiss Re has launched a corporate accelerator, ‘InsurTech’ to help startups to develop business solutions for the insurance sector in India. The accelerator will provide an opportunity for startups to develop products and business case and up to five startups in India will be selected for the first programme. Mumbai-based Zone Startups India, a venture fund and accelerator housed at BSE, has also launched a 6-week accelerator programme – “empoWer”, to support women entrepreneurs who are building technology ventures.
Advertisements