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IIMA Ventures launches Growth Accelerator 2.0 to support SMEs

EntrackrEntrackr · 11m ago
IIMA Ventures launches Growth Accelerator 2.0 to support SMEs
Medial

Startup incubator IIMA Ventures (formerly IIMA-CIIE) has launched Growth Accelerator 2.0 to support 15 small and medium enterprises (SMEs) and family businesses. The program is designed to drive exponential growth for SMEs, family businesses, and growth-stage startups that is focused on strategic growth and innovation, includes a wide array of interventions such as knowledge sessions, masterclasses, workshops, founder talks, diagnostic panels, and mentoring clinics with an aim to operationalize growth opportunities in a hands-on, practical manner. The Growth Accelerator aims to provide founders and business leaders an environment to experiment with growth strategies using a time-tested methodology developed by it, IIMA Ventures stated in a press release. According to IIMA Ventures, participants will kick off their journey with a three-day bootcamp at the IIM Ahmedabad campus, featuring hands-on workshops and scaling-focused sessions led by IIMA faculty. Additionally, successful entrepreneurs will share real-world insights on scaling businesses. Over the following two months, participants will benefit from personalized mentorship from domain experts, helping them address the specific challenges of growing their businesses. IIMA Ventures claims to have mentored over 7,000 founders, accelerated over 1,700 startups, provided catalytic capital to over 700 companies, and inspired over a million people with its over 400 publications. Recently, IIMA Venture launched Venture Investing Accelerator to help first time and novice investors.

IIMA Ventures and Google partner to boost 22 AI startups

EntrackrEntrackr · 9m ago
IIMA Ventures and Google partner to boost 22 AI startups
Medial

IIMA Ventures (formerly IIMA-CIIE) has announced its partnership with Google for Startups and launched its first cohort of AI Academy India 2024. The program aims to help early-stage startups harness Artificial Intelligence (AI) to address global challenges across sectors like healthcare, climate, agriculture, education, financial inclusion, and infrastructure. Following its launch in Gujarat, AI Academy India 2024 will also be held in six other cities across India in partnership with Kerala Startup Mission, T-Hub & MATH, IHFC-IIT Delhi, NSRCEL IIM Bangalore, SINE IIT Bombay, IIT Madras Incubation Cell, along with Nasscom AI and People+AI. Supported by MeitY Startup Hub, the first cohort includes 22 startups receiving practical training, expert mentorship, access to Google’s AI technologies, up to $350,000 in cloud credits, and opportunities to network with world-class companies. According to market research, the AI market in India is projected to reach $7.8 billion by 2025 and potentially add $500 billion to the GDP. According to IIMA Ventures, these startups are addressing diverse challenges: in education, with AI-powered ERP, LMS, and CRM systems; in climate change, with a social marketplace for electric vehicles; in fintech, with AI tools to simplify loan and insurance documents; and in healthcare, with AI-driven collaborative platforms to streamline business processes. IIMA Ventures has mentored over 7,000 founders, accelerated over 1,700 startups, provided catalytic capital to over 700 companies, and inspired over a million people with over 400 publications.

Startup news and updates: Daily roundup (September 16, 2024)

YourStoryYourStory · 11m ago
Startup news and updates: Daily roundup (September 16, 2024)
Medial

Venttup, a startup focused on Indigenisation Program Management, has raised seed funding from Unicorn India Ventures. The capital will be used to accelerate business growth and technology development. Venttup aims to unite manufacturing MSMEs on a single digital platform to transform India into a global manufacturing hub. Alpino, a healthy foods brand, has welcomed Bollywood actress Shilpa Shetty as its brand ambassador and key investor. The company raised $1.2 million in funding and plans to launch over 20 new products in the next two years. IIMA Ventures has launched Growth Accelerator 2.0 to support 15 SMEs and family businesses for strategic growth and innovation. Deepika Padukone, the renowned actress, has joined KRAFTON India as the brand ambassador for BGMI (BATTLEGROUNDS MOBILE INDIA). She will be featured as a playable character in the game.

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