As per report Global entrepreneurial mentoring network Techstars on Monday announced to open its first mentorship driven accelerator in Bengaluru to nurture Indian start ups in the emerging technologies. Meanwhile to begin with, the Techstars accelerator in India will invest $120,000 each in 10 start ups working in fields like Artificial Intelligence (AI), Blockchain, AR/VR, Robotics, Internet of Things (IoT) and Big Data Analytics.
Accordingly the aim is to help solve problems in sectors like food tech, agriculture, retail, banking, healthcare, manufacturing, public sector and transportation. Ray Newal, Managing Director of Techstars accelerator in Bengaluru, told "We will help Indian entrepreneurs connect with mentors with the ability to bring step change improvements to their startup journeys”. Moreover the Techstars community now includes more than 10,000 mentors and through its mentor ship driven accelerators, it has invested in 1,375 companies from more than 40 countries.
Newal said Techstars
founders connect with other entrepreneurs, experts, mentors, alumni, investors,
community leaders, and corporations to grow their companies. Further Techstars
accelerator portfolio includes more than 1,300 companies with a market cap of
$13.9 billion.
