Pune-based, design-led accelerator DesignGild has announced the first cohort of startups for its six-month intensive programme. The two startups are Bengaluru’s QtPi and Pune’s RXHealth.
The startups will undergo a boot camp which will commence on May 22, 2017.
DesignGild’s accelerator programme looks to leverage design thinking and design doing experience out of the MIT ID campus. It is an initiative of the Maharashtra Institue of Design (MITID) in Pune and would provide funds up to $29.4K (INR 20 Lakhs) per team, against 3% equity to support five startups a year, according to an earlier statement.
Commenting on the development, Harshit Desai, COO, DesignGild said, “We are delighted to onboard the two startups. DesignGild aims to empower these startups and help them build their product with innovation. The focus of the accelerator is towards strategic design consulting, business model innovation, and hands-on design services to enable seamless integration of design in business.”
The accelerator programme further aims to provide startups exposure to the latest design methods, coworking space, access to prototyping facilities, IPR (intellectual property rights ) consulting, and facilitation. Business development, PR and other training will also be provided to the selected startups for them to further unlock business opportunities.
A set of experienced design mentors and a dedicated design team will work together with the startups on various stages from design strategy to operations.