Bangalore : If you are thinking of a new startup, then you have a good news. Acharya Institutes is offering incubation support and funding support to the startups which are eligible and can bring a change to the society. These programs are curated by InQ Innovation, a global startup innovation ecosystem headquartered in Sydney, Australia. InQ Innovation helps the startups to go global. Basically, validate ideas globally, provide world class mentors, market access across the world and help to raise investments globally.  This incubator program offers upto Rs. 1 crore financial support to the new companies along with startup grooming, investor network access and collaboration with regional startup eco system.

The startup selection will be through an Ideathon, where each startups will present their innovative ideas to the selection committee. The competition and constant feedback give a platform to these startups to get the good amount of visibility among the investors for funding.  Once the founders of the startups register their company details, a selection team will review the same and will invite the companies for the ideathon. A cohort of startup’s will be selected through the ideathon and will receive mentoring session which is designed by InQ Innovation.

Talking about the incubator program offered Mr. B Premnath Reddy, Founder Chairman, Acharya Institute says “We believe in ‘fueling the quest for knowledge’. Therefore to support our startups with the aim of giving them the global ecosystem exposure, we offer an amount of Rs. 10 lakh as financial support for the selected startups. Also as collaborative environment adds more value to the business, we provide co-working space within Acharya Institute and access to the interns. This will help the individual startup and professional’s success which in turn benefit the society”.

While discussing the program curated for the startups, Mr. Malik Irfan, Global CEO, InQ Innovation, says “We want the startup entrepreneurs to grow in their business. The resources, mentors and networking opportunities will help the budding entrepreneurs to create a solid foundation for their business. Therefore in association with Acharya institutes, we have curated a design for the Acharya TBI program where along with the funding, these young entrepreneurs are also offered mentoring session from the world-class experts on tech, marketing and legal and they get introduced to the global and regional startup ecosystem”.

The innovation which can impact our society will be focused on the ideathon. Startups in the field of healthcare disruption, smart cities and sustainability, Smart villages, Ageing population connect, women empowerment, social impact can register for the incubation program. Startups with the innovative ideas on Pharma tech, agritech/cleantech, health/wellness, creative/digital, food/hospital, education/skill, fintech, social impact by utilizing the technologies like AR/VR, Artificial Intelligence, Machine learning and Blockchain will be invited for the ideathon.