GNITS launches first cohort of MiraiNxt accelerator programme
The programme aims to support startups in reducing their time to market and leveraging faster revenue scale-ups.
Hyderabad: G Narayanamma Institute of Technology & Science (GNITS), founded by G Pulla Reddy (late), has launched the first cohort of MiraiNxt accelerator programme at MiraiNxt Innovation Centre at Shaikpet, Hyderabad. The programme aims to support startups in reducing their time to market and leveraging faster revenue scale-ups.
“We received over 50 applications and after multiple rounds of evaluation by the external subject matter experts and MiraiNxt Board of Governors, we shortlisted three startups to support them over the next six to eight months. The three startups include Nextmeet, Learn by Research and Sycuris Lab,” Kartheek Thatikonda, head, MiraiNxt Innoworks, told Telangana Today.
The selection is based on the startup team, scalability, and if the startup is at an early revenue stage, and mainly if MiraiNxt has the resources to help the startups grow their business.
The startup Nextmeet, founded by Pushpak Kypuram and Prashant Chandra, has created an Augmented Reality/Virtual Reality platform that gives the next dimension (3D) to online meetings. Learn by Research, founded by Karan Patil, aims to revolutionise the way research papers are written in India. Sycuris Lab, founded by Balaji Venkateshwar, is training cybersecurity professionals for the industry.
Thatikonda explained, “As part of the accelerator programme, MiraiNxt provides support to the startups on growth, strategy and funding. We will associate mentors to the startups who will help them in building their technology platform and marketing strategies. The startups will also associate with our corporate partners to explore business opportunities, and also work to solve problems faced by the corporates. By the end of the programme, the startups will be prepared to pitch to venture capital firms as part of the Demo Day.”
The startups will hire interns from GNITS campus, and in future there will be emphasis on women entrepreneurship as GNITS is a women’s college. MiraiNxt has a board of governance, including practitioners, and Ivy League alumni from deeptech, fintech, healthtech, edtech, and sustainable impact verticals.
Representatives from industry, Government of Telangana officials, top officials from engineering institutions, venture capital firms, angel investors, and faculty of GNITS attended the formal launch of the cohort on Saturday.
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