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YourNest Venture Capital Announces Its Fast Track Funding Program SOAR

Under the SOAR program, the selected startups would get $250,000 and $1 million of funding

YourNest Venture Capital focuses on DeepTech, artificial intelligence, machine learning, distributed ledger technology, cloud offerings, developer tools, Saas platforms, Robotics, Hardware, Industrial IoT, automation software, augmented reality. Under its SOAR program, selected startups working in the deeptech domain will receive funding between $250,000 and $1 million. 

Based out of Gurgaon, YourNest Venture Capital announces this program to support startups during the Covid-19 pandemic. The company on its website informed, "We remain steadfast in our focus and our intent: we will continue to fund the most promising startups in DeepTech domains, particularly if they are building IPs and have a global outlook and to make the world a better place to work and live in. We call these startups Challengineers: a new breed of entrepreneurs who are continually challenging the status quo and re-engineering themselves and their offerings in a VUCA world."

The applications for the program are open from May 1-14 wherein it has partnered with Amazon Webs Services, Cisco, Freshworks, Itel Maker Lab, and Jio GENNEXT. The company also informed that the selected startups will get support across its different key domains like compliance, legal, secretarial, talent sourcing, strategy. 

Sunil K. Goyal, Managing Director of YourNest Venture Capital, said, "Impact of the COVID-19 pandemic along with the global macroeconomic uncertainty is hard and will last a long time but we feel this is the right time to encourage committed entrepreneurs in India who will create not just life-changing solutions but also employment opportunities."

The official statement also informed that after the closure of the application process, startups will go the second round of screening and official term sheets will be issued by June 15.  



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