Punjab CM introduces 16 startups in first cohort of IMPunjab accelerator program
- ByStartupStory | September 5, 2022
First cohort of IMPunjab’s (Innovation Mission Punjab) accelerator program has been introduced by Punjab’s Chief Minister Bhagwant Mann. The cohort contains a total of 16 Punjab-based startups.
IMPunjab accelerator is a sector-agnostic program that is said to offer INR 3 Lakh to 16 startups as experimental capital. Guidance and mentorship will also be offered by the accelerator to the selected startups for a period of three months after which it will present them to investors on the demo day that will take place in the second week of December.
“All startups will be part of the accelerator program for about three months. So, three months is like dedicated support and post that, we will give handholding support. Here, the specific agenda of handholding is fundraising and connecting startups with the investors,” said Abhishek Purohit, head of accelerator program at IMPunjab.
Purohit further informed that after the accelerator program, some startups (from the cohort) will be raising Series A funding up to $1 Mn while others will look to raise seed or pre-series A funding up to $500K.
The 16 Startups At IMPunjab’s First Cohort are as follows :
Jaggercane
Founded In: 2021
Industry: D2C
Vyavsay
Founded In: 2022
Industry: Hyperlocal
Vishwaaz.ai
Founded In: 2022
Industry: Deeptech
Terafac Technologies
Founded In: 2021
Industry: Edtech
Verdant Impact
Founded In: 2020
Industry: Agritech
Scratchnest
Founded In: 2019
Industry: Electronic Hardware
Pickkup
Founded In: 2020
Industry: Logistics
Rimone Ingenious
Founded In: 2020
Industry: EV Infrastructure
Manjha Technologies
Founded In: 2022
Industry: Aquatech
Enthu.ai
Founded In: 2021
Industry: Deeptech
Innvocon Learning
Founded In: 2020
Industry: Edtech
Cipher Schools
Founded In: 2020
Industry: Edtech
Black Eye Technologies
Founded In: 2020
Industry: Artificial Intelligence
DreamBIG Education
Founded In: 2020
Industry: Edtech
Add Veda
Founded In: 2012
Sector: Ayurveda/Healthcare
Countryside Express
Founded In: 2019
Sector: Logistics
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