BANGALORE, India, September 13th, 2017 – Startups Club (“SC”), the pre-eminent platform aimed at accelerating the go-to-market of early-stage start-ups in India, has announced the launch of SC Incurator (“SCIN”). SCIN aims to incubate, invest in and accelerate a qualified selection of startups over a 12-month period. Four start-ups have already been selected for its program.
For the last five years, Startups Club has been closely engaged with early-stage start-ups across India. SC has conducted 500+ events, 7000+ hours of mentoring, engaged with over 100 founders and providing critical services and solutions. It is clear that mentorship, access to market and funding are the main requirements of early-stage start-ups.
The four start-ups selected by SCIN for the first batch are:
Vicara – This startup is building human augmentation (including gesture recognition) technologies and solutions in order to make human interactions with computers more natural and efficient. They are working towards creating disruptive wearable technology that can enhance the capability of humans to work with their real and digital surroundings.
Renaura – This startup is working to research and develo a revolutionary approach to personal care products that target India-specific challenges. Renaura harnesses the power of modern chemistry while taking inspiration from nature and the environment.
Grabbngo – This startup is developing an intelligent technology platform that enables enhanced retail solutions and services to clients through the integration of seamless product pick-up and delivery services from retail outlets.
Foxity – It is a technology platform focused on enabling engagement between night-life entertainment venues and their clients through an enhanced experience for discerning users.
SC comprises veteran investors and mentors on its board who have come together to form SCIN. This includes Mahesh Bhalla (former Executive Director at Dell, former President at Qwikcilver) and Michael Marks (co-founder at Innoventure Partners, who has been involved in investments in companies such as Twitter, 23andMe, Palantir and SpaceX).
For start-ups to be eligible to apply to SCIN, they must be ‘early stage’ start-ups that have been operating for less than five years, with a valuation below Rs.10 crores (USD 1-2mn).
SCIN aims to ‘incurate’ an initial group of up-to 10 start-ups per year, across multiple industries in India, and has plans of growing this number in the coming years. The ultimate objective is to incubate and accelerate the Indian unicorns of tomorrow.