News Update

Sanchiconnect inks an MoU with ACIR to help India’s deep tech start-up funding process

• ByStartupStory     |    November 19, 2022

Alliance for Commercialization and Innovation Research and SANCHICONNECT, a community for deep tech start-ups, investors, and corporations, have signed a memorandum of understanding (MoU) (ACIR). The partnership intends to assist Nexus Incubator start-ups in obtaining funding and building relationships for corporate market access.

Sanchiconnect will serve as a go-to-market and investment partner as part of this cooperation to support the development of deep tech funds. The MoU will also enable the two parties to decode cutting-edge technologies like artificial intelligence (AI) and the internet of things (IoT), allowing ACIR’s Nexus Incubation program to grow its portfolio of already-existing start-ups.

Erik Azulay, president of ACIR said, “We have graduated over 175 companies, and many of them have seen exponential growth. Deep-tech start-ups comprised almost 40 percent of the last few cohorts, and we are delighted to partner with Sanchiconnect to bring this investment platform to our program and start-ups, which will further strengthen our efforts.”

The goal of the Nexus Incubators program is to give selected start-ups access to networks of business and government partners, training from professionals in commercialization, a wide network of mentors, and funding from funders who assist start-ups. It can also connect startups with entrepreneurial teams to aid them in accelerating their path to market thanks to its affiliation with the ACIR.

Sanchiconnect’s CEO, Dr. Sunil Shekhawat, spoke about the collaboration and said, “In the past few years, we have seen a significant rise in the number of start-ups leveraging deep tech in solving global problems. There have been hesitations around investing in tech, which has a longer incubation cycle. We are speaking individually with investors and trying to get their attention to partner with future tech companies. This partnership will offer us a bigger and better pool of companies to offer to our investor partner network.”

Sanchiconnect will expand investment in start-ups and growing businesses that use deep technology such as artificial intelligence, machine learning, blockchain, computer vision, drones, and renewable energy. SanchiConnect’s patented platform, which specializes in facilitating cross-border business and funding opportunities for early to mid-stage emerging and deep tech companies, assists investors and start-ups in the identification, comparison, and connection to fast-track finance.

Dr. Sunil Shekhawat, a former executive director of NASSCOM’s deep tech club, founded Sanchiconnect. It works with over 75 investment partners, including angel investors, venture capitalists, and investment networks, to help deep tech companies get money. The site presently counts Capital2B (InfoEdge), Pi Ventures, Bharat Innovation Fund, 8x Ventures, Speciale Invest, Nexus VP, YourNest VC, GrowX, Ankur Capital, RPG, and Modular Capital among its well-known venture capital companies and investment networks. The business has its headquarters in BKC, Mumbai, and is supported by Inflexion Point Ventures and the Baring India Private Equity Fund.

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