Accelerator

SanchiConnect and YourNest Launch $500K Deeptech Accelerator Programme

• ByStartupStory     |    May 21, 2024

SanchiConnect, in collaboration with YourNest Venture Capital, has announced the launch of a scale-up accelerator programme specifically designed for deeptech hardware and software startups with core intellectual property. This initiative promises an upfront funding of $500,000 to each of the selected 5-8 startups, aiming to propel early-stage Indian ventures in sectors like agritech, biotech, energy, healthtech, and telecom.

The accelerator programme will commence with a 60-day intensive phase that emphasizes market strategies and international collaborations. The culmination of this phase will be a demo day, providing startups with the opportunity to showcase their innovations to a wide array of investors.

Applications for the programme are open from May 21 to June 9, inviting startups with promising commercialisation or revenue potential to apply.

Girish Shivani, Executive Director and Fund Manager at YourNest, expressed his enthusiasm for the initiative, stating, “At YourNest, our commitment to nurturing deeptech startups has been the focus of our thesis since inception. And in 2020, we pioneered the concept of fast-track funding with our unique SOAR programme in the midst of the pandemic. This initiative now moves to the next level with our partnership with SanchiConnect in this accelerator programme and underscores our commitment to catalysing India’s deeptech startup ecosystem. By providing startups with faster funding we aim to spur their growth and contribute to the advancement of technology-led innovation.”

This accelerator programme not only aims to provide financial support but also to foster a robust environment for deeptech startups to thrive. By enabling faster access to funds, SanchiConnect and YourNest are looking to significantly impact the growth trajectory of innovative Indian startups, helping them scale and achieve commercial success.

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