India Accelerator acknowledged as the ‘Best Accelerator of the Country’ By Startup India

 

India Accelerator is the only GAN partnered accelerator and mentorship-driven accelerator in India

India Accelerator-one of the country's premier seed accelerators & the only one associated with GAN (Global Accelerator Network) received the ‘Best Accelerator of the Country’ award at The National Startup Awards (NSA) 2021 hosted by Startup India.

The National Startups Awards ceremony was officiated by Prime Minister Narendra Modi and the awards were presented by Union Minister Piyush Goyal. It recognizes innovative startups that contribute to economic dynamism and rewards the best accelerators and incubators that have displayed success in helping startups launch their business and scale their operations.

This was the second edition of the National Startups Awards in which applications were invited across 15 sectors and 49 sub-sectors. The winner was selected after three rounds of detailed evaluation in which the accelerators gave a presentation before the jury panel. India Accelerator emerged as the best accelerator in the ecosystem enabler category.

After winning the award Ashish Bhatia, Founder India Accelerator said, “Startup India has recognized India Accelerator as the 'Best Accelerator of the Country, It is an incredible feeling of getting acknowledged for one’s effort & is truly a glorious moment for the entire IA team. The last four years have been extremely enriching for all of us at IA; we will continue to strive on our mission of strengthening the Startup Ecosystem in India and look forward to achieving many more such milestones along the way in the years to come. Onwards & upwards."

About India Accelerator,

India Accelerator(IA) is the only GAN(Global Accelerator Network) partnered accelerator in India. It is also a leading seed-stage accelerator in Asia that is empowering startups to build innovative and scalable products/ solutions, demonstrating their high potential of employment generation or wealth creation. As well as endeavouring  to provide 360-degree cross functional mentorship, funding to entrepreneurs.

IA’s Accelerator Program curates the mentorship and connections that growth-stage startups need, and provides a comprehensive road map for the business. Since Aug 2017, IA has selected ~ roundabout 110+ companies for acceleration and also ranked as one of the Top 100 Accelerators across the world. The selected start-ups receive not only seed funding, advice & mentoring, connections but also all the other critical inputs required to enable them to be launched successfully. IA is building the largest tech-ecosystem in the country & the vision is to create an inclusive ecosystem that connects all the relevant stakeholders in the economy - the Academia, the Industry, the Government and of course, the Startups; and put this ecosystem on the map. IA has specialized programs to startups in the Health Tech, Financial Services, Blockchain, IoT, Cyber Security, Consumer Commerce and Social Impact.

About The National Startup Award,

The National Startup Awards 2021 seek to recognize and reward outstanding startups and ecosystem enablers that are contributing to economic dynamism by spurring innovation and injecting competition. Startups that are building innovative products/solutions, scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. The measure of success will not only be the financial gains for the investors but also the contribution to the social good.

About Startup India,

Startup India is a flagship initiative of the government of India aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conductive for growth of startups. The campaign was first announced by PM Modi.

What is the Startup Accelerator programme?

A startup accelerator, sometimes referred to as a seed accelerator, is a business program that supports early-stage, growth-driven companies through education, mentorship and financing. Startups typically enter accelerators for a fixed period of time and as part of a cohort of companies.

While traditional business incubators are often government-funded, generally take no equity, and rarely provide funding, accelerators can be either privately or publicly funded and cover a wide range of industries. Unlike business incubators, the application process for seed accelerators is open to anyone but highly competitive.

India has the 3^rd highest number of incubators with over 250 incubators being present in India. Incubators and accelerators play an important role in the growth of start-ups.

How Indian Ecosystem supports Start-ups,

Startup ecosystem in India

India has the 3rd largest startup ecosystem in the world; expected to witness YoY growth of a consistent annual growth of 12-15%

India has about 50,000 startups in India in 2018; around 8,900 – 9,300 of these are technology led startups 1300 new tech startups were born in 2019 alone implying there are 2-3 tech startups born every day.

Growth drivers for startup in India

As per a survey report by Innoven Capital 7million college graduates per year; 55% of the youth prefer working in startups over corporates (as per a youth of the nation survey of 150K young Indians). Median age of founders: 31 years.

Second largest consumer internet market in the world (overtaking China) with 462 mn internet users, 80% of these users are mobile based:

While eCommerce and Aggregators have become mature; Fintech, Edutech and Healthtech are emerging verticals.

Sectors and locations

Bangalore, Mumbai and NCR top startup destinations with over 65% of the total Indian startups.

Bangalore has also been listed within the world’s 20 leading startup cities in the 2015 Startup Genome Project ranking. It is also ranked as one of the world’ s five fastest growing startup cities.

Government Support

The Government of India is understanding the value of working with disruptive innovators across the value chain and using their innovations to improve public service delivery.

Department of Animal Husbandry and Dairying has conducted a grand challenge in association with Startup India to award top startups in 5 categories 10 lakhs INR.

Small Industries Development Bank of India has launched a scheme to provide assistance to existing Small and Medium Businesses in need of capital for growth

Over 26 states in the country have Startup policies (Source: startupindia.gov.in)