The ‘Digital India’ & ‘Startup India’ national initiatives have given a boost to the startup space. Startups are growing exponentially with some reports projecting a rise from 3,100 startups in 2014 to more than 11,500 by 2020. The need of the hour is to create ecosystems that help this revolution translate into meaningful growth for the upcoming Indian startups.
Bharat Banka, advisor to Amplifi and renowned mentor & angel investor said, “As the Indian startup ecosystem moves beyond infancy, deeper rather than wider focus is needed to build strong and sustainable business models. Amplifi aims to provide razor sharp focus and value-add to the B2B SaaS segment, which I strongly believe will be the next big success story emerging out of India.”
With an intention to create a startup ecosystem for B2B SaaS (Business-to-Business Software-as-a-Service) ideas, Amplifi and XIME have partnered to set up the country’s first and only Amplifi-XIME B2B SaaS Accelerator at XIME’s Bangalore campus.
The B2B SaaS Accelerator will offer infrastructure, mentoring, shared resources, access to corporates, angel investors and VCs plus credits from partners & service providers for the entrepreneurs selected through this program.
Amplifi is a holistic ecosystem for B2B SaaS founded by Sudarshan Narayan, B2B entrepreneur & startup mentor, Ravi Veeraghanta, tech industry veteran and entrepreneur, Rohinton Bharucha, President & CEO, Patni Family Office, Amitava Neogi, former ED, Morgan Stanley Private Banking India and Uday Deshpande (UD), former industry CFO and currently active Angel investor & startup mentor.
Xavier Institute of Management & Entrepreneurship (XIME) was founded in 1991 by a group of academicians headed by Prof. J. Philip, former Director, IIM-Bangalore. XIME has a fully-residential campuses in Bangalore and Kochi and an upcoming campus in Chennai.
It will be a 3 month long program for the selected startup founders. These founders will work out of the XIME campus for this duration with aim to prepare each startup with a focused business pitch and a working or refined prototype.
The four pillars of the Amplifi-XIME B2B SaaS Accelerator are:
- Global Perspective.
- Product Market Fit
- Focus on execution
- Speed and time to market
XIME enjoys accreditation from the Accreditation Council for Business Schools and Programs [ACBSP] of the United States and has been consistently ranked among the top B-schools.
- 13 th best in India – EdUniversal B-Schools ranking, Paris (2015)
- Among top 25 B-Schools in India – Indian Management (May 2015)
- 5 th best private B-School in South India – The Week (Oct 2015)
One can apply for the first batch of Amplifi-XIME Accelerator program which is to start from January, 2016. Startups should be incorporated as a Private Limited Company and must be in pre-revenue or pre-product market fit or pre-prototype stage of product development.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.