Risers Accelerator to support with INR 10-50 lakhs of funding
Risers Accelerator announced its official launch at The Oberoi, Dr Zakir Hussain Marg (New Delhi). The company’s official launch was followed by the launch of its website, i.e. www.risersaccelerator.com. Risers Accelerator is a platform to transform the game-changing ideas of startups into feasible and profitable businesses. Risers Accelerator is a well-integrated team of 35 young and successful entrepreneurs from diverse backgrounds and sectors; their cumulative experience is more than 700 years, and the total worth of their businesses is more than INR 3000 Crores. Risers Accelerator is aimed to provide adequate financial, infrastructural, and knowledge support to all the potential startups, and by 2025, it is determined to add INR 3,00,000 Crores in the country’s GDP.
In the financial year (2019-20), Risers Accelerator will shortlist 200 startups across the nation to support and nurture them. And, in case a startup is failed to raise funds by its own, Risers Accelerator will invest up to 50 lakhs per startup. To expedite this mission, Risers Accelerator has joined hands with Indraprastha Institute of Technology, Delhi (IIIT-D) to help its students become future entrepreneurs through financial assistance and knowledge support, and in turn, get institute’s technological assistance to harness a productive and lucrative culture of startups across the world.
The launch witnessed various industry leaders, budding entrepreneurs, influencers and eminent personalities such as Arokiaswamy Velumani of Thyrocare Technologies Ltd., Ramesh Menon of Future Group among others. The event turned out to be a great platform for well-renowned influential personalities from diverse backgrounds to interact and ignite conversations with top business leaders for mutual benefits and futuristic goals.
On the official launch of Risers Accelerator, Mr Ajay Kapur, Director – Operations and Strategy Management at Risers Accelerator said “Startups needs support, and many times, money alone can’t overcome every challenge. Along with it, knowledge support, human resource, technical assistance, market research and many other factors play an equally important role. Well, Risers is a startup accelerator, which aims to provide all kinds of resources and support to growing startups or those which have great growth potential but somehow fail due to any of the said factors.”
Throwing light on the plans and strategies, Mr Rachit Chawla, Director – Finance & Technology at Risers Accelerator said, “For many years, multiple startups have failed despite their great potential, due to factors such as lack of technical assistance, finance or knowledge about the target market. And with Risers, we are taking a unique initiative to inspire and empower entrepreneurs with their pro-society ethics and ideologies. These startups need to stay empowered, motivated and assisted in achieving newer feats. Keeping this in view, we are in discussion with the Indraprastha Institute of Information Technology Delhi (IIIT-Delhi) for collaboration. We hope to connect startups with immense growth opportunities and thus give them wings to reach great heights in their entrepreneurial journey.”
Speaking on the similar note Mr. Pravin Khandelwal, Director – Leadership & Motivation at Risers Accelerator added, ‘Risers Accelerator will help to develop a pivotal start-up community in the country, and will work for a greater goal to bolster startups in line with Make in India, Startup India, and Digital India.’
Alok Nikhil Jha, Chief Operating Officer of ‘IIITD Innovation & Incubation Center’ of IIIT Delhi also expressed his views regarding the significant role of accelerator towards supporting the startups and possible ways of association. He said, “IIITD Innovation & Incubation Center, is one of the most prestigious technology-based incubators in the country which fosters the culture of Entrepreneurship and provides an ideal platform providing opportunities to scientists, engineers, professionals and students to convert their innovations, ideas and plans into sustainable businesses ventures. The Accelerator plays a tremendous role in the overall ecosystem by closely involving Incubators and supporting startup ventures.” He further said, “With the strong enthusiastic team of Risers Accelerator and a common mission, we feel there are several ways we can contribute the community together and set up a benchmark in the Country in the ecosystem of Innovation & Entrepreneurship”.