NEW DELHI: Deeptech startup community SanchiConnect, in partnership with YourNest Venture Capital, on Tuesday, announced a scale-up accelerator specifically tailored for Deeptech Hardware and Software startups with Core IP. This initiative aims to provide selected startups with essential resources, mentorship, and funding to catalyse their growth.
The accelerator program will offer upfront funding of $500k to 5-8 promising startups, followed by an intensive 60-day program focusing on go-to-market and international collaborations. This program will culminate in a Demo Day, providing startups with a platform to showcase their innovations to potential investors and stakeholders from around the world.
Girish Shivani, Executive Director and Fund Manager at YourNest, said in a statement, “By providing startups with faster funding we aim to spur their growth and contribute to the advancement of technology-led innovation. We look forward to working closely with the selected startups and accelerating their journey towards success.”
Sunil Shekhawat, CEO of SanchiConnect, said in a statement,”I am incredibly excited about the launch of our Accelerator Program in partnership with YourNest. Through this program, we aim to provide startups with the necessary resources, mentorship, and funding to accelerate their growth trajectory and make a meaningful impact in their respective industries.”
The program will focus on a wide array of cutting-edge technologies, including artificial intelligence/machine learning, augmented/virtual/mixed reality, autonomous systems, developer tools, electric vehicle/battery/charging systems, electronics system design and manufacturing (ESDM), genomics, hardware, industrial IoT, materials technology, quantum compute, robotics, enterprise SaaS and wearables.
The program is open to startups across various sectors such as agritech, adtech, biotech, consumer/retail, energy, martech, manufacturing, foodtech, green energy, mobility/transportation, spacetech, health tech/medtech, media/entertainment, enterprise tech, and telecom.
Applications for the accelerator program will open on 21st May and close on 9th June. Roadshows will be conducted across 5 major cities in Mumbai, Hyderabad, Chennai, Bangalore, and Delhi, across deeptech hubs such as IIT Bombay (SINE), the Indian Institute of Science (IISC), Nasscom, T-Hub, and CSIR–Centre for Cellular and Molecular Biology (CCMB), offering startups the opportunity to engage directly with program organisers and mentors.