IDG Ventures India and Axilor Ventures, the accelerator run by former Infosys co-founders Kris Gopalakrishnan and S D Shibulal, have partnered to launch Frontier Tech Innovators Program or FTIP2017. With this, IDG and Axilor wants to invest and partner with new-age disruptive startups working on a deep tech innovations to help solve large-scale problems in India.
IDG and Axilor will be selecting disruptive startups in the areas of -
Who can Apply -
Young startups (preferably less than three years old) looking to raise seed or pre-series A round of funding in one of the above Tech areas can apply here till March 24.
With an India focus, these organisations are looking forward to ideas that can solve bigger problems of society in finance, business operation or healthcare delivery. “We are excited by the ambition of Indian entrepreneurs to build deep-tech solutions using frontier technologies to solve large problems in India and the world. Through this program, Axilor will continue to support and mentor path-breaking entrepreneurs,” said Kris Gopalakrishnan, chairman, Axilor Ventures.
IDG Ventures India is raising $200 million (Rs 1330.55 crore) in its third round to take its assets under management. Though the specific fund for FTIP is unknown, Sanat Rao, venture partner at IDG India, say typically 10 per cent of any fund is allocated towards seed funding.
IDG and Axilor will be selecting disruptive startups in the areas of -
- Augmented Reality and Virtual Reality applications and content
- Blockchain, Bitcoin and the decentralized internet
- Artificial Intelligence and Deep Learning used to transform healthcare, finance, retail and business operations
- Drones, Space, Robotics and Autonomous vehicle technologies
- Moonshots (ground-breaking idea) focused on solving India’s core problems related to healthcare, education and employment using deep technology.
Who can Apply -
Young startups (preferably less than three years old) looking to raise seed or pre-series A round of funding in one of the above Tech areas can apply here till March 24.
With an India focus, these organisations are looking forward to ideas that can solve bigger problems of society in finance, business operation or healthcare delivery. “We are excited by the ambition of Indian entrepreneurs to build deep-tech solutions using frontier technologies to solve large problems in India and the world. Through this program, Axilor will continue to support and mentor path-breaking entrepreneurs,” said Kris Gopalakrishnan, chairman, Axilor Ventures.
IDG Ventures India is raising $200 million (Rs 1330.55 crore) in its third round to take its assets under management. Though the specific fund for FTIP is unknown, Sanat Rao, venture partner at IDG India, say typically 10 per cent of any fund is allocated towards seed funding.
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