National, November 01, 2012
GSF Accelerator, India's first multi-city tech accelerator has inducted 15 startups in its inaugural batch. The program commenced on Oct 15, 2012 simultaneously in three cities, Bangalore, Mumbai and Delhi, NCR.
Delhi, NCR has the largest number of startups (6), followed by Bangalore (5) and Mumbai (4). Brief descriptions of the 15 startups are enclosed. The startups have colocated in each city. They have each gone through 10 workshops so far and met with over 25 mentors in the first two weeks of the program. Over the 7 weeks of intensive coaching, startups will go through 25 workshops focusing on different aspects of building business and products, raising finances, technology, and marketing. They will meet over 100 mentors one-on-one.
GSF Accelerator has also inducted 15 Entrepreneurs-in-Residence who are working closely with these startups. Rajesh Sawhney, founder and curator of GSF Accelerator explained, "We saw immense interest from start-ups across the country. We reviewed more than 400 start-ups. Although the initial plan was to accept 12 start-ups into the program, the final list includes 15 start-ups. The diversity of startups at GSF is unique. We have young teams with founders who are currently students in IITs to a few serial entrepreneurs. These startups are building innovative solutions in domains as diverse as Mobile, Cloud, Enterprise solutions, Developer tools, Imaging applications, Cab share, Hyper Local services, Payment solutions, and innovative Reverse Logistic platforms. Each of these start-ups brings a combination of high market potential, strong founding team and innovative product." Sawhney further elaborates, "This is the largest mentorship and funding platform in India.
These 15 startups will now meet over 400 investors at GSF2012 in India's biggest Startup-investor conference where they will seek further financing. GSF Superangels will provide seed funding to 5/6 startups this year. The GSF Accelerator represents a landmark effort to build the entrepreneurship ecosystem in India."
For further details, please contact:
GSF Accelerator and GSF Superangels