India Accelerator, Mylab To Fund High-Potential Startups
With this collaboration, India Accelerator aims to target up to 10-12 high potential startups to raise a seed or growth capital of INR 15 to 20 lacs
Photo Credit : ShutterStock,
India Accelerator, India’s only seed accelerator program with Global Accelerator Network has recently announced its strategic partnership with Mylab Discovery Solutions, India’s leading biotech firm. Mylab will provide mentorship and investor connections to help high potential startups scale business. With this collaboration, India Accelerator aims to target up to 10-12 high potential startups to raise a seed or growth capital of INR 15 to 20 lacs.
Helmed by Hasmukh Rawal, MD and Co-founder, Mylab is one of India’s fastest growing biotech companies, which has been harnessing innovation to discover and create market-leading, ingenious and affordable diagnostic solutions to empower people to lead healthier lives.
Commenting on the partnership announcement, Abhay Chawla of India Accelerator said, “Mylab is India’s foremost biotechnology company and has constantly strived to put India on the global map through its constant endeavour to develop innovative and pioneering diagnostic solutions. We look forward to moving beyond equipping the early-stage startups with knowledge, tools, and connections. As part of our exclusive partnership, we are going to help startups with the process of operationally scaling the business and acquiring capital for growth.”
Speaking on the partnership, Hasmukh Rawal, MD and Co-founder of Mylab said, “India is home to hundreds of startups and it has become the third-largest startup ecosystem in the world. Many startups are striving to generate impactful solutions through innovation and scalable technology, and are looking for support to overcome challenges and to innovate incrementally to grow their businesses. Mylab is pleased to join hands with India Accelerator to help such startups to innovate, create and grow by giving them access to all the building blocks of a business.”
Around The World