RevStart, a Noida based co-working and incubation centre, has announced a 12-week long RevItUp Incubation Programme for start-ups and SMEs.
The programme will be held at RevStart Incubation Centre in Noida from July 1, 2018 onwards.
As part of the programme, RevStart will select five high potential start-ups from the ed-tech sector, AI, Consumer Internet, Sustainability, as well as for-profit social impact companies to assist them with developing their business, along with connecting them to global mentors across industries and sectors, according to a press release.
In addition, start-ups selected for the programme will receive Rs 5 lakh to Rs. 25 lakhs worth of cash and benefits, while RevStart will get an equity stake in the ventures.
The RevItUp Incubation Programme has been created to enhance the founding team’s industry, product, and company building knowledge and capabilities through a world-class curriculum.
The programme will focus on tailored, high-quality mentoring, academic content, global exposure, and access to a diverse network, wherein start-up teams will be thoroughly equipped to build sustainable businesses and generate revenues through their innovative products.
Selected Start-up teams will receive the requisite support to achieve specific business or growth goals, while founders will have a chance to enhance their domain knowledge through a series of activities and events. In addition, those start-ups in the early stages of product development will also receive seed funding to help take the idea to the next level.
Start-ups who wish to participate in the programme must submit their applications by May 15, 2018, while the ventures selected for the first cohort will be announced by June 1, 2018.
Commenting on the launch of the programme, Ishan Singh, Managing Director and CEO, RevStart, said, “We are delighted to launch RevItUp, our very own incubation and acceleration programme. This will be an incredible opportunity for selected start-ups and SMEs with great ideas to chart their path to becoming successful businesses in the long term. We will flag off the programme with a handful of start-ups from domains like ed-tech, consumer internet, or those who are developing socially impactful products and services, thereby enabling these aspiring entrepreneurs with ground-breaking ideas to thrive.”