With a 30 Cr corpus, SanchiConnect and YourNest have launched a deeptech accelerator. The program will make investments in deeptech software and hardware, especially in firms developing proprietary intellectual property. The accelerator program seeks to invest five to eight selected startups with a maximum of $1 million.
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A demonstration day will be held to present innovations to investors after a 60-day intensive period centred on market strategies and international collaborations, with $500k in upfront cash awarded to 5-8 businesses as part of the programme.
The initiative focuses on early-stage Indian entrepreneurs in industries like telecom, biotech, energy, agritech, and healthtech that show promise for commercialization or income.
Girish Shivani, Executive Director YourNest, said: “At YourNest, our commitment to nurturing deeptech startups has been the focus of our thesis since inception. And in 2020, we pioneered the concept of fast-track funding with our unique SOAR programme in the midst of the pandemic,”
About SanchiConnect
Founded by Sunil k Shekhawat, SanchiConnect is the largest tech-focused physical community in India for deep tech entrepreneurs.
About YourNest
Established in 2011, YourNest Venture Capital is a ‘Pre-Series A’ fund company with a laser-like focus on developing Indian entrepreneurs into worldwide market leaders.
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