Z Nation Lab has launched an incubation and accelerator programme in Mumbai, reports Inc42. The program will focus on startups in India and the US. It will invest in verticals like IoT, sensor technology, big data, robotics, medtech, education, mobile and payments.
The accelerator will provide startups with collaborative workspaces in Mumbai, and has already selected 20 startups for its first batch. Out of these startups, only 4 will be taken further ahead in the accelerator programme which is expected to run for 15 months. Other than product development, the incubator will provide startups with mentors, charted accountants, lawyers, web & app developers and social media marketing.
Founded by Anup Mehta, Khushi Jain and Neha Jain in April this year, Z Nation Lab invests between $50,000 and $250,000 in each startup for an 8-12% stake.The program also plans to conduct boot camps four times a year to select upto to 25 startups for the accelerator.
Recent developments from accelerators/incubators:
– In July, GHV launched a Rs 350 crore fund for Indian startups, and also tied up with the World Innovation Labs (WiL), for providing mentorship and acceleration.
– In April this year, Target India’s accelerator program announced the addition of its fourth batch of startups.
– In March, Pune-based Maharashtra Institute of Technology (MIT) launched an accelerator called Eduglid for education technology startups.
– In February, HCL Technologies entered into a partnership with Microsoft to launch an incubation centre for Internet of Things in Redmond. The incubator will focus on solutions for machine-to-machine (M2M) communication, like healthcare, fleet management, industrial manufacturing and life sciences.
– In the same month, Venture capital firm Kalaari Capital said that it will launch a seed and incubation program called KStart to invest about $20 million in 40 startups over the next 2 years.
– In December 2015, Flexeye launched HyperCat, an accelerator and incubator centre for Internet of Things (IoT) startups in Hyderabad. The centre, which provide startups with access to technology, skills and funding opportunities, will also offer a Smart City course through a partnership with the University of Surrey.
– In the same month, China-based mobile internet firm APUS Group launched a fund in India worth Rs 300 crore to invest in startups,. The fund will focus on investing in early stage startups working on mobile internet projects.
– In November 2015 French aircraft maker Airbus setup Airbus BizLab— an aerospace startup accelerator, in Bangalore. The accelerator is open to startups in areas like digitization, data processing, communication networks and robotics.
– In August 2015, Intel India launched ‘Intel India Maker Lab’— a platform for entrepreneurs and innovators to ‘accelerate product innovation’ in Internet of Things (IoT), mobile devices and compute domains.