Here's What Startups Need to Know About Axilor Ventures' Accelerator Program Axilor aims to support early stage BIZ Experiencess. Its key focus areas include e-commerce, healthcare and cleantech
You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.
Accelerators play a very vital role in the startup ecosystem, wherein they not only facilitate them with office space and amenities, but also help them make contacts, configure business models, build their teams among other things. India, which has seen several thousand startups mushrooming every year, accelerators give startups the necessary guidance to establish themselves.
There were 7,794 Indian technology companies founded in India during 2015 alone, according to Tracxn. So getting the right accelerators and mentors becomes very important in procuring the right foundation.
Axilor is a new generation platform to support early-stage BIZ Experiencess. It is founded by industry stalwarts like Kris Gopalakrishnan, S D Shibulal, Prof Tarun Khanna, Srinath Batni and Ganapathy Venugopal. Through its programs which include accelerator, scale-up and early-stage funding, Axilor aims to support early stage BIZ Experiencess improve their odds of success. Axilor's key focus areas include e-commerce, healthcare and cleantech.
Why should BIZ Experiencess opt for Axilor?
When BIZ Experiences Media spoke to a couple of the BIZ Experiencess in the accelerator's current batch, we got to know what it really takes to make it to the prestigious program. The following are some pointers on why Axilor look in BIZ Experiencess and vice-a-versa -
- Not many accelerators in India target early stage startups and first time BIZ Experiencess. Many accelerators look for a bit of traction and take in slightly later stage startups.
- The accelerator look for BIZ Experiencess/startups to have data-driven approach in executing their ideas
- Have a proper team who are capable of executing your idea
- They invest in particular sectors/domains, but there are exceptions!
- During the screening process the accelerator wants to know whether the motive behind the startup
- The accelerator encourages interactions with customers thereby helping BIZ Experiencess create better products
- Events galore – Events conducted by the accelerator helps startups build their network
How does it work?
The Axilor Accelerator is a 100 day program for early stage BIZ Experiencess with just an idea or in any stage of market validation. The program runs twice a year in March and September. Axilor supports BIZ Experiencess with a grant of Rs. 1.25 lakhs, an opportunity to participate in the Scale-up program with seed capital, access with experts/ mentors, access to a vibrant community of BIZ Experiencess and a vast alumni network to learn from help with market access and talent sourcing .
Situated in a calm and rather quite locality of J.P.Nagar in Bengaluru, Axilor is currently into its third accelerator batch. The venture offers two fold funding programs for BIZ Experiencess namely -- scale up and early stage funding.
Axilor has opened up applications for our fourth accelerator batch (winter '16) and interested startups can apply via the venture's website.
