A community-based startup incubator, ThinQbate has announced its launch in Mumbai. The launch of the incubator will be presided by Sauvik Banerjjee, Global CTA, SAP.
Founded by Pranav Marwah, the incubator claims to have a collective approach to entrepreneurship, giving individuals resources for development. The incubator aims to provide startups mentorship, strategic partnerships, investments, and resources to early-stage startups.
ThinQbate offers a coworking space with facilities like desks with high bandwidth WiFi access, conference rooms, printers, cafe, relaxation zones etc. It will also provide a team of community managers, research analysts, digital strategists, financial accountants, and talent acquisition managers for the incubatees.
The venture will also provide an association with UpGrad, BTG Legal, Tracxn, LetsVenture & PKF to the selected startups. Incubatees will also be provided with access to Amazon AWS.
Selected startups will also be given bridge financing as initial support to kick off their operations. The incubator partners with the selected startups on an equity-based model.
As a part of its launch, ThinQbate has announced its first batch that consists of six tech-based startups. The selected startups are:
Hashtag Loyalty: The startup provides a digital loyalty solution and marketing automation tool that enables businesses to engage with their customers.
Faclon: It is an IoT-based company that offers end-to-end solutions for remote monitoring and automation of water distribution systems in India.
Redesyn: It is a tech-based fashion startup that offers a custom design platform for independent designers and artists to showcase their creativity.
Taleho: It is a social networking-based real estate company where it claims to offer authentic information about properties, places, and people.
Superfan.ai: It is an AI-based, chatbot-enabled, ecommerce platform that allows users to create their own bots and increase one-on-one engagement with their respective audiences.
Vahanalytics: The startup offers machine learning-based technology solutions to its users to be integrated in their phones that provides guidelines to drivers for better and efficient driving techniques.
The launch is scheduled for October 20, 2016 at Marwah House, Andheri (East), Mumbai. The timings for the same are 6:30 pm to 9 pm. Interested startups can apply here for participation.
