India is the third largest tech startup ecosystem in the world experiencing YoY growth of 10-12%. Incubators and Accelerators have played a decent role in making it the same. Some of the most successful startups have sprouted from these institutions.
Out of the two, startup accelerators are more of a crash course for fledgling startups, with membership terms ranging from 3-6 months. They primarily assist startups with mentor connect, guidance, resources, and funding. Since accelerators’ members already have a minimum viable product (MVP), their resources are often focused on operations and strategy, management coaching, and branding. Here are 5 startup accelerator programs in India to check out:
1. NetApp Excellerator
The NetApp Excellerator program is a startup accelerator program designed to help startups create world-class products and innovative solutions that are market ready. It is a Bangalore-based accelerator program first initiated in 2017.
This four-month-long program will help startups develop cutting-edge solutions by providing them with access to NetApp’s technical and business mentoring, customers, tools, technology, and business support services along with a world class coworking space as well as connect with some relevant investors and also a grant of $15,000.
Focus Areas: Advanced Tech-IoT, Cloud, ML, Security, Virtualisation, Storage, Analytics
Successful graduates: Scalend, Nanobi, BlobCity, Dataken, SigTuple
2. Axilor Accelerator Program
Axilor’s Accelerator program is a 100-day program for early-stage entrepreneurs. It was founded in 2015 by Kris Gopalakrishnan along with two others and is based out of Bangalore.
The startups receive working space, advice, and connections without any equity dilution during the 100-day program. Axilor has a framework that helps entrepreneurs improve their odds of success. This is focused around the following areas: launching the startup the right way, access to the right capital at the right stage, dedicated mentors, access to the Axilor peer community of entrepreneurs, and a series of masterclasses from industry experts to help learn how great startups are built and what mistakes to avoid.
Focus Areas: FinTech, Deep-Tech, Consumer, HealthTech, Enterprise Solutions
Successful Graduates: ADYA, Dataturks, Lytyfy, Appiyo
3. Microsoft Accelerator
The software giant has been an old player on the field. It started its Indian accelerator program in 2012 in Bangalore.
The selected startups get to work closely with Microsoft leaders, industry experts and leverage the Microsoft Partner Network to scale their business models and serve enterprise clients during this six-month accelerator program. These startups also have access to Microsoft’s technology expertise, infrastructure and Azure cloud platform to build a strong technology backbone for their business.
Focus Areas: Artificial intelligence, virtual reality, Big Data analytics
Successful Graduates: Explara, Frrole, Nowfloats, Plustxt
Founded in 2012 by Abhishek Gupta, TLabs is a Delhi-based startup accelerator and early stage seed-fund in India which is now located in Bangalore. They have over 100 mentors from varied domains and expertise like Jitender Gupta, CEO of CitrusPay, Rajan Anandnan, MD of Google India and others.
The highly intense four-month program offers mentoring, a funding of INR 10 lakh, coworking and a host of other benefits. This acceleration program happens twice a year.
Focus Ares: Internet and Mobile Technology
Successful Graduates: Niche.AI, Happay, EPaathsala, HopOn
India’s first angel-backed accelerator VentureNursery was established in 2012 by Shravan Shroff and Ravi Kiran. This accelerator program happens minimum twice a year and works on a hybrid model which includes BootCamp and ParallelTrack.
During the BootCamp, startups have access to interact with top angel investors and partner level VCs. ParallelTrack is a virtual acceleration program that accepts not more than three startups.
Focus Areas: Media & Entertainment, Retail, eCommerce, Consumer Technology, Education and CleanTech
Successful Graduates: Oyo, Catapoolt, Fixy, Find UR Class
So which accelerator program seems most suitable for your startup? Do you fall in any of the above focus areas? Let us know!