Out of the expected 2,000 applicants, 100 will be shortlisted initially, out of which 40 would be selected. The startups will be evaluated across multiple parameters.
In the final stage, the programme will culminate in an on-ground event, where the top 15 startups will get a chance to showcase their respective business ideas to a jury. The final five startups will receive Rs 80 lakh each as investment and an opportunity to become part of the IPV portfolio.
“The programme aims to give an edge to the startups as they will not only secure early-stage funding but also get an opportunity to grow and scale their business rapidly with strategic guidance and IPV’s rich network,” said Mitesh Shah, co-founder, IPV, in a statement.
“At IPV, we are looking for startups that add value to our economy and have sustainable ideas. By strategically nurturing and empowering innovative ideas, our commitment to building a strong early-stage startup pipeline ensures a foundation of quality and potential, shaping the future of groundbreaking ventures and contributing to India’s economy”.
As part of this programme, IPV experts will help startups finetune their business plans, suggest pivots, if needed, to make a commercially viable business idea. IPV will also leverage its own investors’ network, ecosystem partners and other VCs to help these startups get access to the required infrastructure and raise capital.
Discover the stories of your interest
The startups will have access to bootcamps, and masterclasses on various subjects helmed by experts to discuss issues related to different areas of businesses. The startups will be nurtured for growth with backing from IPV, Firstport Capital and Physis Capital.