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Premiere management institute, Indian Institute of Management, Ahmedabad (IIM-A) through its Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a mentoring and funding program ‘The Last Mile Access Accelerator’ in association with Village Capital.
The program starting on May 21 consist a competition sort of where the participating start-ups will assess each other and finally 2 of them will receive Rs.3 million each in investment funding.
Health, clean technology, distribution, agribusiness and education companies are especially encouraged to apply, CIIE has said in a statement. The participants further have opportunity to pitch to leading Indian and international investors for additional funding.
The program includes 2 mentoring workshops each of 5 days’ duration in July and August. Meetings and presentations and online collaboration with investors, expert mentors, and sector practitioners are expected to take place during the course of the program that will provide additional real-time feedback.
A similar program was held last year in collaboration with Village Capital drew around 300 applicants. The CIIE-Village Capital Accelerator is a partnership between two organisations for identifying, supporting, and funding early-stage companies. It was set up by IIM-A with support from the government of India and Gujarat government and operates through an autonomous not-for-profit entity.
CIIE comprises of IIM-A faculty, alumni and other individuals and partners with like-minded organisations to foster entrepreneurship through incubation, ecosystem development and academic initiatives.