Hair pulling, name calling, and general cattiness, have made reality shows a nail-biting affair, especially in India. Now imagine adding the drama and thrill of startups to it! In a bid to offer upcoming entrepreneurs a chance to showcase their innovative ideas to industry veterans and fund their ventures, comes a brand new Reality TV series, The Vault.
If you’ve ever dreamt of becoming an entrepreneur or think that you have a unique business proposition that could make a difference, The Vault is the place for you!
The show is open to SMEs, the student community, household & rural ventures, and startups at an incubation stage. The televised series will give a platform for entrepreneurs-in-the-making to pitch their innovative business ideas to a panel of investors and secure on-the-spot funding. The show is not just about funding but also, a chance to groom yourself and to expand your reach to the Indian audience.
The show, which goes live in October this year, is now calling out for applications from startups across India to provide them a chance to pitch to some of the well-known Indian Business Tycoons, investors, and entrepreneurs who are ready to play their bet on these startups.
Jatin Goel, Creator, The Vault, says, “The Indian entrepreneurial landscape is currently at its peak. While India has the third-largest and the fastest-growing startup ecosystem in the world, the growth witnessed by SMEs and household & rural businesses also indicates that there are many more milestones yet to be achieved. The Vault is a first-of-its-kind initiative towards developing a robust environment that fosters innovation and drives growth for promising business ideas irrespective of the sector they operate in. It is a platform which will not only provide the capital, but also the right mentorship to ensure that innovative business ideas are able to take root and reach their real potential.”
The final say, however, will remain with the investors. They will be from various backgrounds including finance, real-estate, retail, advertising and tech. Pitches will be marked on aspects such as innovation, novelty, growth prospects and viability of the idea.
The objective of the show is to give exposure to innovative business ideas, highlighting what goes on behind closed doors during a funding pitch. A total of 50 ideas will be shortlisted and they will be given the chance to make a pitch to investors during the show.
The last day to apply is 31 August. The team will be shortlisting startups under various stages, the shortlisted 200 startups will go through telecon and video interviews. The Final 50 startups will get a chance to be groomed and mentored from India’s top mentors and investors before they pitch to investors on the show!