Amritsar, NFA Post: Early-stage venture capital firm Endiya Partners has tied up with Applied Ventures to launch its first accelerator programme for high-potential frontier-tech startups.
The programme named Frontier-Tech Ignite (X) is aimed to identify and mentor high-potential startups in the domains including software-as-a-service (SaaS), artificial intelligence, machine learning, blockchain, internet-of-things (IOT), sensors, cybersecurity, and semiconductor, the company said in a statement.
The company plans to select five startups, over a two-stage screening process.
The shortlisted startups are expected to have a working minimum viable product (MVP) and initial customer traction in the market at the time of registering for the programme, the company said.
The selected cohort of five startups will have access to dedicated mentorship sessions with Endiya and Applied Ventures, along with potential access to their network and portfolio companies.
The startups will also have the opportunity to demonstrate or pitch for investments with Endiya, Applied Ventures and other investors in the ecosystem, the company said.
Additionally the programme would also provide the selected startups an access to international markets.
“The Indian Technology start-up ecosystem, the third largest globally, is backed by strong skills around deep science and tech and is poised to advance and grow further. The time for the frontier tech wave is right here and we are committed to helping the best ideas gain speed,” Endiya Partners Managing Director Sateesh Andra said.
Applications for the programme are open now and the deadline for submission of application is Apr 15.
Global head of Applied Ventures Anand Kamannavar said the company aims to use its expertise in materials engineering to work with the startups.
Applied Ventures is the venture capital arm of Applied Materials and invests in innovative companies globally. It has invested over $300 million in over 90 companies across 16 countries including India.