Standup time for startup India! Risers Accelerator says ready with booster shot- funding to knowledge
Risers Accelerator aims to provide adequate financial, infrastructural, and knowledge support to all potential startups in India.
Risers Accelerator announced its official launch in New Delhi on March 14th to support startups through funding. The company’s official launch was followed by the launch of its website, 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 team of 35 young entrepreneurs from diverse backgrounds and sectors; their cumulative experience is more than 700 years, and the total worth of their businesses is over Rs 3,000 crore. Risers Accelerator is aimed at providing adequate financial, infrastructural, and knowledge support to all the potential startups - by 2025, it is eyeing adding Rs 3,00,000 crore in the country’s GDP.
Speaking on the official launch of Risers Accelerator, Ajay Kapur, Director – Operations and Strategy Management at Risers Accelerator said, “Startups need 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.”
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— Zee Business (@ZeeBusiness) March 14, 2019
Throwing light on the plans and strategies, 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 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.”
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 upto 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.