Accelerator

GVFL and Brinc Forge Strategic Alliance Unveiling Multi-Sector Startup Accelerator

• ByStartupStory     |    December 2, 2023

Global venture accelerator Brinc and India’s sector-agnostic venture capital firm, GVFL Limited, have jointly introduced the A4X accelerator program, signaling a strategic move to bolster innovative startups in Gujarat and throughout India. The program is structured around four key themes, each designed to capitalize on the evolving business landscape:

Consumer Focus: Supporting startups engaged in direct-to-consumer (D2C) enterprises, consumer Software as a Service (SaaS) applications, and related areas. This initiative addresses the growing demand for personalized products, convenience, and tailored consumer experiences.

Industry & Enterprise Solutions: Backing startups involved in Enterprise SaaS, Industrial Internet of Things (IoT), and similar domains to enhance operational efficiency and productivity in industrial and enterprise settings.
Emerging Technologies Embrace: Fostering startups and emerging technologies, including applications of blockchain, artificial intelligence (AI), and more. This theme aligns with the ongoing technological revolution, emphasizing breakthroughs in AI, machine learning (ML), IoT, robotics, and blockchain.

Sustainability Drive: Supporting startups contributing to global sustainability goals, with a focus on areas such as Alternate Protein, Climate Tech, Electric Mobility, and more. The aim is to address environmental concerns and tap into the expanding “green” market.

The program, conceived against the backdrop of a rapidly evolving technological and environmental landscape, aims to be a catalyst for startups venturing into diverse domains. Over a three-month intensive acceleration phase, startups will gain access to crucial resources, mentorship from industry leaders, and initial investments ranging from Rs1.5 crores to Rs2 crores.Kamal Bansal, Managing Director of GVFL, sees the accelerator program as pivotal in a dynamic landscape, stating that it will catalyze startups entering diverse domains amid technological and environmental shifts.

GVFL President Mihir Joshi emphasized GVFL’s commitment to providing comprehensive support, from strategic direction to governance, to the startups it funds. The collaboration with Brinc enables GVFL to extend its ethos to seed-stage investing, offering strategic value beyond capital.
Karan Keswani, Managing Director of Brinc India, highlighted the shared vision of fostering innovation across sectors and leveraging combined expertise and resources to provide startups a unique platform for scaling and impact.

The collaborative program is set to empower startups with the tools, insights, and mentorship needed to navigate their respective sectors effectively. With a global network and tailored strategies for each sector, this partnership aims to propel promising startups to the forefront of their industries. The initiative reflects Brinc’s global leadership in venture acceleration and GVFL’s pioneering role in ushering in the era of venture capital in India.

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