Saturday, October 19, 2019

Lead the Future of Retail & FoodTech Industry Across US and India
  SocialTwist Tell-a-Friend  

Date: 16-04-2019 4:29PM
Source: Silicon Road
Category: Business/ Finance, Financial Analyst & Investors, General, Food & Drink, Internet, Start Up, Business Services, Events And Conferences, Retailers, Sme, Technology
Location: Bangalore, Karnataka, India

Business Wire India
Silicon Road US (A US-based Venture Fund and a RetailTech Accelerator) is launching Silicon Road India Retail & FoodTech Accelerator, a unique startup acceleration program conceptualized by Silicon Road and powered by NUMA (France-based international innovation hub & startup accelerator).

Silicon Road and NUMA are partnering to launch a 4-month startup acceleration program providing international funded support and infrastructure for startups, particularly in Retail & FoodTech to fast-track startup growth.

Silicon Road empowers retailers to take charge of their own future, through investment in transformative innovation. We bring together industry, academia, and startups to co-create next-gen retail technologies.

Our unique program combines four key elements to create a maximum synergy:

  • A strategic US fund financed by retailers; India fund comprising of GPs, LPs and other investors
  • An accelerator program for early stage startups in India, and early & growth stage startups in the US
  • A shared innovation lab and advisory services provided by Georgia Tech in the US
  • Partnership agreements with CFTRI from a FoodTech standpoint
Funding and Support: Silicon Road will invest an initial seed amount of money (INR 25L) in all startups joining the program. Startups will also get access to the €700k worth of perks and to international & local investors for fundraising support with a further round of funding opportunity from Silicon Road for eligible startups during or after the program.

Access to international & local networks around the Retail & Food Tech industries: An actionable network is a key feature of any startup program. The selected startups will be introduced to the local & international network of food and retail tech corporates, mentors, research infrastructure, industry experts, founders, partners & foreign official delegations to enable the startups to build their own networks.

Tailored program to accelerate the Startup growth: In the beginning, startups will be taken through multiple bootcamps on the various core functions of a business including Design, Technology/Product, Growth Hacking, etc. to help startups strengthen their product and build a business strategy. At the end of these bootcamps, we will be helping each startup to create their OKR/roadmap with clear KPIs and in the next 3 months, we will support them on the execution of this roadmap.

Quality mentoring by some of the best mentors & in-house experts: The startups will be surrounded by some of the best in-house experts and introduced to the right mentors. In addition to the team, an Entrepreneur in Residence and Growth Hacker in Residence will support the startups to execute their product and growth strategy.

Free office space and infrastructure in Mysuru: The selected startups (at least one of the founders) will be working out of the Silicon Road campus and they will get a world class office infrastructure at Silver Spirit Tech Park for 6 months in the royal city Mysuru.

Silicon Road will be taking equity stake in exchange for the funding and acceleration program.

We have kick-started the call for application for our first cohort, and startups can apply here by 20th April 2019, the program will kickoff in May 2019.

More Press Releases

Dive In: The Festival for Diversity and Inclusion in Insurance

BUSINESS ENGINEER Enables 4x Ecommerce Business Growth for KEYA Foods on Completion of Phase-I Order Fulfillment Project

Professor Michael E. Porter Addresses the Gathering at Porter Prize 2019

Schlumberger Announces Third-Quarter 2019 Results

CDIB Capital Group Appoints Mr. Angelo J.Y. Koo as Chairman to Lead Global Asset Management Business

L&T Technology Services Continues Double-Digit Revenue Growth in Q2FY20

VARU - the 5th Tropical Resort by Atmosphere Hotels & Resorts Launched in the North-West of Maldives on 17th October 2019

Kalpataru Launches Integrated Mixed Use Township Kalpataru Parkcity in Thane

#JustEMI to Fulfil All Your Aspirations This Diwali and Shop Without Compromise With Bajaj Finserv

Frost & Sullivanís GIL 2019: India Aimed to Uncover the Next Wave of Sustainable Top-Line Revenue Growth, Customer Value, and Future of the Connected World

The Hero Campus Challenge Returns to Nurture the Business Leaders of Tomorrow

Vakilsearch Signs MoU With the Largest Dutch Legal-Tech Company

Make Your Diwali Thrilling with

The 46th Tokyo Motor Show 2019: Events and Programs News Update

Pioneer Cement of UAE to Develop US$200 Million Greenfield Cement Project in Georgia

FlowerAura Launches Profile Picture Worthy Bhai Dooj Gifts for 2019

Secure Your New Smartphone With Mobile Screen Insurance From Bajaj Finserv

Mavenir Confirmed as Global Leader in NFV-based IMS Solutions

Andersen Global Expands in India With Membership of Nangia Andersen LLP

Lookout App Defense Penetrates Global Markets With New Customers and Strategic Partnerships, Helping Customers Prevent Data Compromise in Mobile Apps

PTC Launches Global Event Series with FT Live to Help Industrial Enterprises Embrace Digital Transformation

Historic Conrad Hilton Bel-Air Estate Hits Market for $225 Million

Slowdown happening as Modi 'does not kno...
Landslide BJP victory expected in Haryan...
BJP consolidates OBC base in UP Assembly...
After Article 370 axing, RSS demands UCC...
Kamlesh Tiwari was on ISIS hit list...
SC raps Delhi Police for having fleet of...
 Top Stories
Fresh stock to bring onion prices d... 
Indrani claims to have paid $5 mill... 
Jaipur, Kota, Jodhpur to have 2 may... 
Google Stadia Controller will have ... 
Vijaykumar: From humble beginning t... 
'Surat emissions trading scheme cut... 
Milind Soman, wife Ankita vacay in ... 
Man nabbed for cheating job seekers...