Venture Catalysts Opens Incubation Programme In Mumbai; No Equity Taken
20 promising startups will receive the opportunity to fuel their business dreams with mentorship, business advice, and technological support over the three month programme, Catalyst Lab in Mumbai. Deadlines close 15th February, 2017.
Photo Credit : http://venturecatalysts.in/patnership/,
Having established its position as India’s fastest growing seed investment and innovation platform, Venture Catalysts has once again reiterated its commitment to boost the country’s start-up landscape with its latest announcement. The platform has launched its incubator programme, Catalysts Lab, to fuel the entrepreneurial dreams of promising early-stage start-ups.
The first batch of the structured mentorship initiative will commence in February, with the Venture Catalysts (VCats) handpicking 20 startups for the three-month long programme in Mumbai. Last date to apply for the programme is 15th February, 2017.
Venture Catalysts (@vcatsIndia) is an innovation platform. It invests 100,000 to 500,000 dollars in very early stage startups that has potential to create enduring value for over a long period of time.
But how does the Catalysts Lab incubator programme from VCats differ from any other incubator in the country? The answer lies in its extensive focus on providing business exposure, mentorship, and technological support. Selected start-ups will be given a chance to interact with Catalysts – seasoned angel investors, mentors, industry experts, and successful entrepreneurs – who will draw on their own in-depth experiences to provide relevant and insightful business advice to incubated ventures. This will help startups under the programme to build great products, launch their services in the market, refine their business approach, and boost their growth and scale.
What, perhaps, will appeal most to budding entrepreneurs about Catalysts Lab is its value-driven proposition and its diverse array of tech-based startup solutions. The programme offers founders access to 24-hour co-working office space, cloud credits worth 1-2 lakh rupees, and payment gateways and other tech tools worth an additional 1-2 lakh rupees. Founders also get a chance to interact with 10-15 mentors, industry experts, angel investors, accelerators, and established entrepreneurs as well as 5-7 venture capitalists, which gives them a chance to strengthen their business networks and opens up avenues for future investments. All this is made available to selected startups at a minimal cost of 23,000 rupees; no need to give up equity.
Speaking about the launch of the programme, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said, “Venture Catalysts was established with a vision of revitalising the early-stage start-up landscape in India, and to identify and support highly disruptive ventures that have the potential to become global success stories. The launch of our incubator programme, Catalysts Lab, is another step towards fulfilling that vision. We are confident that our innovative approach to early-stage incubation will help many a budding venture realise their full potential and achieve great success.”
Dr. Apoorv has led and mentored more than 50 early-stage investments with an extremely successful track record, and has start-ups such as OYO Rooms, InvenZone, Talview, Circuit Sutra, Jigsee, Birds Eye, Webklipper, ConfirmTKT, Siftr, LenDenClub, Beardo, DSYH in his investee portfolio.
Interested startups can submit application at: http://venturecatalysts.in/catalystslabforfounders/
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