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2013-10-18

Infuse ventures, ADB launches accelerator programme for cleantech start-ups

Infuse Ventures a cleantech focused early stage venture fund managed by IIM Ahmedabad\\\'s Centre for Innovation Incubation and Entrepreneurship in association with Asian Development Bank (ADB) has launched bootcamp and accelerator program called PowerStart for current/aspiring cleantech entrepreneurs in India. The programme will run from 11-14 November 2013.

Infuse Ventures a cleantech focused early stage venture fund managed by IIM Ahmedabad's Centre for Innovation Incubation and Entrepreneurship in association with Asian Development Bank (ADB) has launched bootcamp and accelerator program called PowerStart for current/aspiring cleantech entrepreneurs in India. The programme will run from 11-14 November 2013.

 

As per the statement issued by the company, PowerStart has two ‘tracks’, one called Start-up Track which is targeted at existing ventures or teams that have already initiated their effort towards solving a problem through a sustainable, cleantech-related solution. Two, Aspiring Entrepreneurs Track which is aimed at individuals/teams with the relevant background, experience, skill sets and the desire to create a venture in the sustainability space. The last date of filing application for them is 19th October, 2013.

 

The selected start-up teams and aspiring entrepreneurs will be invited to attend an all-expenses-paid bootcamp at IIM Ahmedabad. The bootcamp is aimed at providing a comprehensive overview of opportunities and know-how for creating/accelerating highly scalable cleantech ventures, as well as access to our wide network of industry experts and mentors.

 

Post the bootcamp, selected start-up teams will be provided with active mentoring support towards accelerating their ventures. Selected ‘Entrepreneurs-in-Residence’ or EIRs (chosen from the ‘Aspiring Entrepreneurs’) will stay back in Ahmedabad for about a month, jointly developing their business plans with us, following which they will be engaged in an intensive ‘Venture Creation’ process.

 

Both start-up teams and ventures created by EIRs will have the opportunity to pitch to Infuse for seed funding.

 

Infuse invests across seed and early stage with investments ranging from Rs 25 lacs – Rs 5 crores.

 

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