Acharya Institutes is offering incubation support and funding support to startups which are eligible and can bring a change to the society. These programs are curated by InQ Innovation, a global startup innovation ecosystem headquartered in Sydney, Australia. InQ Innovation helps the startups to go global by validating ideas, providing world class mentors, giving market access across the world and helping to raise investments globally. This incubator program offers upto Rs 1 crore financial support to the new companies along with startup grooming, investor network access and collaboration with regional startup ecosystem.
The startup selection will be through an Ideathon, where each startup will present their innovative ideas to the selection committee. The competition and constant feedback give a platform to these startups to get a good amount of visibility among the investors for funding. Once the founders of the startups register their company details, a selection team will review the same and will invite the companies for the Ideathon. A cohort of startups will be selected through the Ideathon and will receive a mentoring session which is designed by InQ Innovation.
Talking about the incubator program offered, B Premnath Reddy, Founder Chairman, Acharya Institute said, “We believe in ‘fuelling the quest for knowledge’. Therefore, to support our startups with the aim of giving them the global ecosystem exposure, we offer an amount of Rs. 10 lakh as financial support for the selected startups. Also, as a collaborative environment adds more value to the business, we provide co-working space within Acharya Institute and access to the interns. This will help the individual startups and professional’s success which in turn benefits the society”.
The innovation which can impact our society will be focused on the Ideathon. Startups in the field of Healthcare disruption, Smart Cities and Sustainability, Smart villages, Ageing population connect, Women Empowerment, Social Impact can register for the incubation program. Startups with innovative ideas on Pharma tech, Agritech/cleantech, Health/wellness, Creative/digital, Food/hospital, Education/skill, Fintech, Social impact by utilizing the technologies like AR/VR, Artificial Intelligence, Machine learning and Blockchain will be invited for the Ideathon.
While discussing the program curated for the startups, Malik Irfan, Global CEO, InQ Innovation, said, “We want the startup entrepreneurs to grow in their business. The resources, mentors and networking opportunities will help the budding entrepreneurs to create a solid foundation for their business. Therefore, in association with Acharya institutes, we have curated a design for the Acharya TBI program where along with the funding, these young entrepreneurs are also offered mentoring session from world-class experts on tech, marketing and legal, and they get introduced to the global and regional startup ecosystem.”
The registration for the incubation program has already started and will be open till October 25, 2018.