Tuesday, 27 January 2015

Green House Ventures ropes in Nasscom as partner, Google's Rajan Anandan as Mentor (Economic Times)

Gurgaon-based Green House Ventures Accelerator has brought on board Indian software industry association Nasscom as a collaborative partner and roped in Google's Rajan Anandan as a mentor to boost its year-long acceleration programme.
Through Nasscom's 10,000 Startups Program, GHV will get access to a pool of startups. "Our partnership with GHV will accelerate startups with a comprehensive array of market research services, go-to-market assistance, funding support and educational/networking opportunities, which is utmost important in post incubation and early stage companies," said Rajat Tandon, senior director, Nasscom, 10,000 startups.
"This also gives our startups the opportunity to have a global footprint." Under the tie-up, GHV will participate in the startup selection process organised by Nasscom and review applications for selecting entrepreneurs into its acceleration programme. Google India managing director Anandan, who joins as an angel investor, said, "I'm excited by what they're doing with startup ecosystem in India."
Rajan will not just mentor the accelerator startups but also offer insight on the Indian entrepreneur ecosystem. Vikram Upadhyaya, chief mentor at GHV, said, "We will also leverage on Nasscom's network of domain experts, mentors, validation of products and functions, and access to industry formation. Once a startup finishes acceleration, we will leverage on Nasscom's network for Series A investors, other than World innovation Labs."
In October last year, GHV inked a partnership with Japan-based venture capital fund WiL, which invests in disruptive startups with global appeal. WiL helps startups bridge the gap between their home markets and US markets and this partnership marks its entry into the Indian startup arena.
GHV's model of acceleration is designed to help companies ramp up growth, focus on scale, shorten time to get VC funding, and attract higher valuation. The sector-agnostic accelerator will house 10 startups at a time through a year-long programme. Each startup will get seed funding of up to $100,000 in exchange for equity of up to 20%.

For More Details - http://www.ghvaccelerator.com/
Source : Economic Times. 


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