Hyderabad: The Telangana State Incubation Cell, along with the T-Incubators and Enablers Collective, will be kicking off their new programme Rejig.Hydstartups to help startup companies recover their pandemic-hit businesses.
Aided by major incubators such as T-Hub, TiE Hyderabad, and ALEAP and supported by ICRISAT, IIT Hyderabad, LV Prasad Eye Institute, and Mahindra Ecole Centrale, the programme will provide mentorship to 100+ startups to help them reform their strategies, alas helping them thrive in the current business climate.
Deepanwita Chattopadhyay, Chairman & CEO of IKP, an incubator involved in the program, said, "This collective initiative will help startups in securing funding to tide over the crunch period."
Through domain-specific mentoring and market access, startups from various domains will be trained in 3 weeks of mentorship. Through the revision of their positioning and pitch, they will be abled to better prepare for equity funding, debt, and corporate market access. The sectors targetted are- EdTech, FinTech, FMCG, Manufacturing, Agri/Food tech, Med/Life sciences, and Emerging technologies.
Post 3 weeks of mentorship, a massive pitch-day event will be conducted by the organisers, where startups will be able to pitch for equity funding, collateral-free debt funding, or corporate market access to leading companies.
"The pandemic-hit economy made several startups struggle to find new strategies, funding, or market access, and we wanted to offer a platform, where incubators and enablers can come together to discuss, design, and reformulate these strategies," officials at TSIC said.
Applications for the programme are now open, and will close on 20th July.
You can apply for the mentorship programme here.