GINCELERATOR seeks to foster innovative solutions for real-world issues
Bengaluru, 11 December: Dozens of businesses and investors participated in the Demo Day held here in Bengaluru at Bangalore International Centre, to see the technology demonstrations from the 22 start-up firms participating in the GINCELERATOR 2019 from GINSERV. GINSERV aims to encourage and support the establishment and development of technology start-ups in Bengaluru in order to promote and stimulate a knowledge-based economy. The ‘Gincelerator’ programme, of a duration of three months, aims to prepare the selected companies to emerge ready to hit the market on their own, with a strong positioning to claim a share of the target markets.
GINSERV 2019, the tech demonstrator programme, is set to see well-known investors like:
Parag Dhol from Inventus, Muthukrishnan Chinnasamy from Soniqaudio, Anup Kuruvilla and Girichandra from 1crowd, Manish Singhal from Pi Ventures, Suryaprakash Konanuru from Ideaspringcap, Aditya K from Chiratae Investment Firm, Digvijay Singh from Indian Angel Network, Apoorv Ranjan Sharma from Venture Catalyst, Suresh Narasimha from Cocreate Ventures among other well-known investors. Global Incubation Services is part of the incubation services that intends to give an impetus to developing companies by providing access to mentorship, investors and other support that help them become stable and self-sufficient in their businesses. The accelerator programme is financially supported by the National Science and Technology Entrepreneurship Development Board, Government of India.
The presentations at the event would conclude the accelerator programme which is being held in partnership with IIM Ahmedabad’s incubator CIIE, KIIT, Indigram Labs, Bhive, TiE Bangalore among others.
“This programme is a significant part of our strategy to find, cultivate and invest in cutting-edge solutions that solve real-world challenges. I wish all the best to all the startups that are set to participate,” said Dr PKB Menon, MD, GINSERV. “GINSERV takes pride in providing a platform to startups in working with their mentors to spur innovations and investments in technology,” added Dr Menon. “We look forward to continuing our endeavour to spur innovations and play a part in job-generation,” he said.
GINSERV’s partnerships have fostered a collaborative environment that combines top-class business leaders with leading investors to speed up the start-ups’ go-to-market strategy.
GINCELERATOR 2019 is the first edition of the programme from the technology business incubator and business accelerator GINSERV operating from Bengaluru.
GINSERV will also be offering “Seed Fund” provided by the Department of Science and Technology, Government of India to the selected eligible start-ups that would be finally shortlisted.
The current programme was restricted to Bengaluru, and GINSERV is planning the next accelerator programme to include start-ups from other parts of India.