#GotanIdea #Startup Challenge 2017 in association with TBI- National Dairy Research Institute is live now. Raise Seed fund upto INR 2000000, The Last Date of Application Submission is 11th June 2017. Apply Now at gotanidea.aarambh.ventures
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In pursuit of innovation, we are back with #GotanIdea challenge 2017 (season 2), in association with Society for Innovation & Entrepreneurship in Dairying (SINED), TBI, NDRI, Karnal, to find, nurture and grow original thinkers and innovators. We are always seeking to innovate, learn & interact with our startups. Since its inception in October 2015, Aarambh has helped 3 of its startups close seed round successfully and three more are undergoing acceleration at its Gurgaon office.
There is a new breed of early stage startup SMEs (Small & Medium Enterprises) struggling between debt & equity. This year #GotanIdea challenge is trying to address this equity gap among Startup SMEs in INDIA. We are trying to fill the gap created by seed stage VCs and Banks / FIs attributed to the risks associated with early stage Startup SMEs & NPAs respectively.
#GotanIdea challenge is designed by keeping the concerns of all stakeholders viz startups, investors and an accelerator. Prospective investors and Aarambh work together right from the first round. The six months acceleration program is executed in association with prospective investors. This also helps investor defining the road map of their potential investee company.
For a startup, it generally takes 4-5 months to close an investment. #GotanIdea challenge gives startups this opportunity to utilize this time to make their ventures investment ready and that too under the mentorship of their potential investors.