Speed2Seed partners are looking to dramatically increase the percentage of their graduates receiving venture capital.
Unitus Seed Fund announced the launch of Speed2Seed, a nationwide programme to help more promising early-stage startups to raise angel and seed capital in order to grow and realise their potential.
Unitus announced that it has signed on 11 business accelerators and incubators including Catalyzer, Khosla Labs, IIM Calcutta, Deshpande Foundation and Startup Oasis as programme partners.
“We are excited to see the enthusiastic response from accelerators and incubators that are willing to journey with us towards improving the investability of their graduates,” said Will Poole, Managing Partner, Unitus Seed Fund. “We believe that there will be a lot of value created through peer-to-peer learning opportunities, as well as via outside expert and advisor support.”
Over the next 2 years, Speed2Seed partners are looking to dramatically increase the percentage of their graduates receiving venture capital within 6 months of graduation. India incubators have an industry average of less than 5 per cent of graduates receiving funding in that time frame. Accelerators are often more successful, with an industry average of 25 per cent.
Unitus will be working with Speed2Seed partners for up to 2 years over multiple programme cycles to experiment with new ideas, refine recruitment strategies, develop broader investor networks, better leverage advisors, implement curriculum enhancements, and help high-potential entrepreneurs to better pitch their business plans to early-stage angel investors and venture seed funds. Unitus will help facilitate access to domestic and international best practices along with peer learning opportunities amongst Speed2Seed partners.
The Speed2Seed programme is part of Unitus’ India Impact Acceleration Programme, which is made possible in part by US Global Development Lab, a program of USAID.
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