• Amrita TBI Accelerator

    Proven fundamentals designed to go from idea to valuable business

    "If things seem under control, you are just not going fast enough" - Mario Andretti

About

Amrita TBI Accelerator is a 100 day fast paced program with the mix of best practices to help early stage start-ups evolve into successful ventures. The startups can raise funding from the invited external investors and Amrita TBI on the Demo Day. The Startup Accelerator program is supported by Atal Innovation Mission, NITI Aayog and NSTEDB, Department of Science and Technology, Government of India.

Amrita TBI Accelerator program is designed to be a great Launchpad for the idea/prototype/product. The program allows idea validation, iteration, building of customer development models, enhancing the business models and building a go-to-market strategy. In the end, the startup should be fundable-ready by Demo-Day.

Location: Amritapuri (Kollam, Kerala) and Bangalore offices of Amrita TBI.

Who can apply?

We accept startups across all stages of development- from idea stage through the initial few customers. Accepted startups could have just an idea, built the first prototype or have a finished product with the initial set of customers

Apply Here

Funding

The total seed investment from Amrita TBI for the Top-3 startups is $100,000 USD. Additionally, all startups that participate in the accelerator program, will be eligible for varied amounts of investments from the investor panel.Funding is provided in the format of loan and/or equity.

Amrita TBI will not take equity from the startups for joining the accelerator program.

PROCEDURE

  • Jun 28

    Applications Open

    Applications will be accepted from June 28, 2017.The last date for submission of applications is August 31 2017. Participants are requested to complete a simple online form that explains the problem they are trying to solve, the uniqueness of their solution, value proposition, competitive advantage etc. Additional materials to support the case are welcome.

  • Sep 16

    Applications Review

    Applications will be reviewed in the months of August - September. Applicants will be contacted if there are any questions related to their applications.

  • Sep 23

    Pitching Session

    The shortlisted startups will be invited to pitch to an elite panel of investors and C-level executives at Amrita TBI, Bangalore.The Top-10 startups will be selected for the Startup Accelerator program, These Top-10 startups will be also incubated by Amrita TBI.

  • Oct 16 - Jan 24

    Accelerator Programme

    The Amrita TBI Startup Accelerator program is a 100-day fast paced program that will focus on customer development, go-to-market strategy and make the startup fundable-ready by Demo Day. All teams will be directly mentored by world class mentors, external partners and the Amrita TBI team.

    Support services provided for startups during the program:

    • Quick testing and iteration of products.
    • Access to an Accelerator team for support across multiple verticals
    • Mentors in key domains (Technology, Strategy, Product Development, Marketing etc.)
    • Regular engagement with Investors
    • Visit to start-up offices and interaction with Founders
    • Access to international markets through partnered incubators
    • Funding opportunities on Demo Day
  • TBA

    Demoday

    All Top-10 startups will be pitching in front of elite investor panel and C-Level executives for possible investment. The Top-3 startups will receive direct investment from Amrita TBI. The total investment outlay from Amrita TBI for the Top-3 startups is up to $100,000 USD.

Benefits

Funding

The total seed investment from Amrita TBI for the Top-3 startups is $100,000 USD. Additionally, all startups that participate in the accelerator program, will be eligible for varied amounts of investments from the investor panel. Funding is provided in the format of loan and/or equity.

Discounted Services
  • $1000 credit from AWS for Amrita TBI Incubated startups and $5000 credit for funded startups
  • $3000 credit from Digital Ocean for Amrita TBI Incubated startups
  • Discount up to 20% from a host of partners for accounting, legal services etc.
Co-working Space

Incubation and co-working spaces in Kollam, Bengaluru and Coimbatore with access to 100+ cutting edge multidisciplinary labs at Amrita Vishwa Vidyapeetham.

GST Exemption

No tax for revenue upto INR 50 lakhs per year for a period of 3 years.

VC network

Access to VCs and angel investors for scaled funding.

NITI-Aayog

One of the six startup incubators in India selected to be made world class. Be a part of a world class startup incubator supported by NITI-Aayog.

Mentorship

Amrita TBI mentorship program brings in both national mentors and international mentors from Silicon Valley & Singapore with varied experience across multiple domains and sectors.

Internship pool

Large pool of engineering and management students from Amrita Vishwa Vidyapeetham -India's no 1 private university.




Support services provided for startups during the program:

  • Quick testing and iteration of products
  • Access to an Accelerator team for support across multiple verticals
  • Mentors in key domains (Technology, Strategy, Product Development, Marketing etc.)
  • Regular engagement with Investors
  • Visit to start-up offices and interaction with Founders
  • Access to international markets through partnered incubators
  • Funding opportunities on Demo Day

Mentors

ABHILASH SONWANE
Vice President, Cyberoam
MRS. ALISON RICHARDS
Marketing Director, Intel
DR. P. VENKAT RANGAN
Vice Chancellor of Amrita Vishwa Vidyapeetham, Chief Mentor
MR. ANDRE MARQUIS
Executive Director Lester Center for Entrepreneurship @ UC Berkeley
DR. ARCOT DESAI NARASIMHALU
Managing Innovator, Simha Innovations Pte Ltd
MR. AKASH AGARWAL
GM, SAP´s Enterprise
MR. BIPIN PRADEEP KUMAR
Management and Strategy
MR. B.V. JAGADEESH
Managing Partner, KAAJ Ventures

Frequently asked Questions

What is Amrita Accelerator?

Amrita TBI Startup Accelerator is a 100 days fast paced program with the mix of best practices, to help early stage start-ups evolve into successful ventures. The Accelerator program is supported by Atal Innovation Mission, NITI Aayog and NSTEDB, Department of Science and Technology, Government of India.

How many startups per batch?

Amrita TBI will select 8-10 startups per batch.

What is the exact start date of the Amrita TBI Accelerator program?

October 16, 2017

Should I be worried about my Intellectual property?

No, your Intellectual property is safe and it belongs to you. We have so far incubated 76 startups and worked with over 250 startup ideas with varying levels of IP.

Who should I contact if I have questions regarding either the Amrita TBI Accelerator program?

The best way to reach us through email- info@amritatbi.com. You can alternatively call us at 476-280-5455

What is the venue of the program?

Amrita TBI Accelerator program will run from the Amrita TBI incubation center in Kollam, Kerala. During the program, the startups will be encouraged to visit other locations as needed (in a structured manner) to assess their customer requirements, build customer leads/sales etc. The startups can also operate from the Amrita TBI incubation center in Bangalore during the planned visits.

What is the amount of funding and how is it provided?

All startups that are part of the Amrita TBI Accelerator program can potentially raise funding during the program and Demo Day from invited investors and Amrita TBI. Though the quantum of funds from interested investors could vary based on the profile of the startups, Amrita TBI will provide a total investment outlay of $100,000 USD for the Top-3 startups after required due-diligence is completed.While we can’t guarantee any investment for your company at the end of the accelerator program, we will seek to understand your funding requirements and get you in front of potential investors on Demo Day.

Can you provide more details about Amrita TBI?

Amrita TBI is a non-profit startup incubator supported by Govt. of India and Amrita Vishwa Vidyapeetham that funds, mentors and nurtures ideas, startups and entrepreneurs. Amrita TBI is one of the six startup incubators in India that will be made world-class under the AIM, NITI-Aayog program.

In 2017, Amrita TBI received the National Award for being the best Technology Business Incubator in India.

Amrita TBI is listed among the Top-5 most prolific startup incubators in India by The Economic Times.

Amrita TBI has incubated 76 startups, mentored 200+ startup ideas and has zero loss from its investments.

I have already made some progress and don’t need to start from scratch, can Amrita TBI Accelerator still help me?

We accept startups across all stages of development- from idea stage through the initial few customers. We have structured the program in such a way that startups irrespective of the stage will greatly benefit from the program. Though there are a few common sessions & workshops for all startups, each specific startup will be associated to a specific mentors and will receive individual mentorship during the program. These mentors will assess the progress you have made and suggest improvements and changes (if needed) to gain better market traction.

Testimonials

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