Green House Ventures (GHV) Accelerator has announced a Rs 350 crore fund for Indian startups, reports YourStory. The firm has also tied up with the World Innovation Labs (WiL), with Makoto Takano joining GHV as a board member.
GHV will select 25 startups and provide them seed funding of up to $100k as well as mentorship and acceleration for 12 months. The firm’s program covers areas like market research and business planning, capital, prototyping, branding and positioning, fund raising assistance, business metrics and customer acquisition.
As of now, companies in GHV’s portfolio include startups in various fields like LazyLad, MyTaxiIndia, FoodPort, PickMyLaundry, FitMeIn, Applop, CaRPM, Pindrop, RoadGods, Istyleyou and Adurcup.
Recent developments from accelerators/incubators
– 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.