Mumbai-based Scaleminds, an early-stage, focussed mentorship and business development driven accelerator for high-growth startups is inviting applications for their Summer batch 2017.
The accelerator aims to provide an environment for peer learning for entrepreneurs to help them achieve scale.
What’s In It For Startups
The100-day accelerator programme provides the selected startups access to exclusive tie-ups with a network of 3,000+ Investors supported by all leading angel networks. The list includes investors from FundTonic, IAN, Ah Ventures, and other lead angels. As of now there are 50+ mentors, who will mentor startups in executing their Go-To market strategy and the team aspires to onboard more, making it reach 500+ in next few months. They will also help refine business model and financial plan as well as devise a plan of action for next level growth.
The list includes prominent industry leaders, entrepreneurs and subject matter experts such as Navin Honagudi of Kae Capital, Miten Mehta of Spinta Global Accelerator, Axel & Boris of Yesss Capital, Dhanraj Chandriani, Rajesh Sehgal of Equanimity Investments, Bhavin Parikh Co-Founder of FundTonic, to name a few.
Startups at MVP stage will also get a chance to learn from 40+ mentors and experts from the startup ecosystem. Apart from funding support, the incubated startups will be given a chance to network with startup entrepreneurs, investors, and other stakeholders. Event partners include leading brands such as Lead Angels, Omnivore Partners, FundTonic.com, Kae Capital, and more.
Selection Criteria
The interested startups should be in MVP stage. An MVP (Minimum Viable Product) here implies that the product has the features to gather validated learning and continued development. The business should be self-sustainable, have high potential to disrupt the market and a charismatic team.
In the preliminary selection round, 20 startups will be selected to join the first 25 days of the accelerator program. They will be provided with co-working space, mentorship, immersive learning etc.
The top 10 startups will continue with the 100-day accelerator program and are provided with a Seed funding of $15K (INR 10 Lakhs) each, in return for 8% equity stake.
Behind The Curtains
Scaleminds was launched by Nainesh Kapadia. Nainesh has expertise in leading and managing industries across packaging, banking, dairy, automation, ecommerce, and technology. He is a co-founder at FundTonic, an advisory and fund management company that aims to make startup funding easy for innovative startups and smart investors.
As stated by Nainesh, “The ScaleMinds Acceleration programme actively spends time to understand the most critical milestones/tasks for the startup company and, independently, pursues ways to help deliver them – be it an introduction or rolling up our sleeves and working with them. We believe in being well-aligned with the team which is equally important.”
He further adds, “The Acceleration program will add great resources and a champion to the startup team. It offers unique insights and guidance on everything from business strategy to execution. The program is an advocate for the startups to solve real unmet needs.”
The application process has already begun and the programme will commence from May 1, 2017.
Interested startups can apply here.
