Amazon Launchpad, HAX and Kickstarter’s Startup C-Cube challenge kicks-off
Bengaluru, 05 December 2017: A first-of-its-kind global collaborative initiative between Amazon Launchpad, HAX (world’s biggest hardware accelerator) and Kickstarter (world’s largest crowd funding community) witnessed the official kick-off of Startup C-Cube, a multi-level challenge for Indian start-ups in Bengaluru today. The winning startup of the challenge will not only get support from the three organisations in its entire “concept-to-customer” journey but will also be provided resources for launch - both in India and in Europe/US, depending on the scalability of the idea. Additionally, the winning startup will receive a set of benefits valued at $500,000 to support its product journey. In partnership with HAX and Kickstarter, Amazon Launchpad aims to help the Indian startup community connect with like minds, showcase their ideas and help grow those ideas into real business opportunities.
The StartupC-Cube challenge was flagged off in the presence of Mr. Priyank Kharge, IT, BTand Tourism Minister, Government of Karnataka, who was the Chief Guest at theevent. Speaking about the challenge, he said, “This competition is a great wayto encourage entrepreneurship among the many aspiring start-ups in our country.It’s a great way to not only showcase innovative ideas but to also get mentoredby three of the best partners in the start-up space. The government ofKarnataka is also committed to provide the most favourable environment forinvestments and acceleration across all verticals to ensure we remain on top intechnology and innovation. With their rich experience and deep understanding ofconsumers, Amazon Launchpad program can really make a difference infacilitating these talented start-ups take advantage of the growing digitaleconomy and e-commerce.”
Commentingabout Amazon Launchpad, Sateesh Srinivasan, Director and Global head of AmazonLaunchpad said, “We have witnessed tremendous success with Amazon Launchpad ona global scale and are delighted to see the positive reception in India. Thisis an opportunity for Indian Startups to get access to big consumer marketsnationally and internationally. There is a booming entrepreneurial culture inIndia and through Amazon Launchpad, we hope to augment this in the Indian youthand contribute to the India story.”
In the firstphase of its Concept-to-Consumer journey, HAX will provide the winning startup3 months’ work space in Shenzhen, China along with expert mentoring from a poolof over 50 international mentors; a 6week ‘go-to-market’ boot camp in SanFrancisco and investment support of $375,000. In the second phase, Kickstarterwill provide a campaign strategist to give one-to-one advice on campaignmessaging, promotion, PR, marketing, fulfilment and more, along with access toits community of 13 million backers.
Finally,Amazon Launchpad will help the winning startup gain visibility with marketingexposure and account management and support the winner for launch, both inIndia and in Europe/US, depending on the scalability of the idea.
“We'rethrilled to participate in this initiative to learn more about the Indianstartup community, with our partners Hax and Amazon Launchpad. Indian backershave pledged nearly $5M to projects on Kickstarter in the last few years, andthis ongoing dialogue between creators and backers is changing what newproducts get made, how they are produced, and who has the resources to makethem. This has shown us there is a huge appetite for innovation in the region,and we hope this programme can help grow it further,” said Heather Corcoran,Technology Outreach Lead at Kickstarter
AlanClayton, Head of Entrepreneur Development, HAX said, “The SOSV funded HAX programhas graduated hundreds of hardware entrepreneurs around the world; many of whomhave gone on to raise substantial funds on the Kickstarter platform, andsuccessfully deliver their product to customers via Amazon's Launchpad. Weexpect this unique collaboration will dramatically increase the chances formore startup teams to do well by doing good. Starting right here in India.”
All startupslooking at participation in the competition are expected to adhere to thefollowing criteria
· Must havea consumer physical product
· Productmust positively impact/address existing needs for a large customer base
· Must be asoftware-enabled hardware product
· Flexibleon the stage of startup but should at-least have a “looks-like and works-like”prototype and at the very latest be pre-series
A panelconsisting of representatives from Amazon Launchpad, HAX and Kickstarter willselect the winner of the challenge, with the winner being announced on 31stJanuary 2018. Interested startups can apply for the challenge latest by 15thJanuary 2018 by completing the application information at https://hax.co/C-CUBE.
AmazonLaunchpad is a unique global program that curates, showcases and deliverscutting-edge products from startups to millions of Amazon customers. Theprogram makes it easy for startups to launch faster, get noticed by millions ofAmazon customers and go international as well as offers customers cutting-edgeitems from today’s generation of Indian inventors and startups.
Interestingly,in just one year Amazon Launchpad in India has seen 5X growth in the number ofapplications and in the number of launched startups. Delhi, Mumbai andBangalore have emerged as the top cities in terms of the number of approvedstartup applications and for the number of startups launched from. Moreover,there are 50+ local startups that are also selling globally via Amazon Launchpadmarketplaces such as US, UK, Germany, France China and Japan.
Speaking onthe occasion, Kaveesh Chawla, Director, Category Management, Amazon India said,“Amazon has always encouraged and supported innovation. We brought AmazonLaunchpad to India a year ago and have received phenomenal response fromstartups and customers alike! The program allows us to offer unique andinnovative selection to our customers in India. It gives early stage startupsaccess to millions of Amazon customers across the country. Our sophisticatedtechnology-backed fulfilment processes provides a delightful customerexperience and repeat purchases. We continue to be invested in our commitmentto enhance the startup eco-system in India.”