Hyderabad: Telangana-based startup ecosystem builder T-Hub on Thursday announced the launch of its redesigned funding programme T-Angel to cater to the startups funding needs amid the pandemic. T-Angel will be supported by angel investors who will collectively invest up to Rs 50 lakh in each of the qualified startups.
T-Angel is a 45-days acceleration programme and about 15-20 tech startups with the leading-edge solutions in the various sectors will be shortlisted. The programme for the second batch of chosen startups will commence in July 2021 and startups will be shortlisted from applications received after an extensive screening process by a committee of investors and mentors.
Applications opens on Thursday https://bit.ly/3vzdbuq, and will close on June 30. It will focus on understanding and resolving two key constraints or pain points of a startup’s business operations that are hindering their chances of raising capital and any startup from across India can apply.
T-Hub CEO Ravi Narayan said, “Even though there has been a substantial increase in startups’ ability to raise funds, only a small percentage of them are successful in raising funding from angels. We realised that the success percentage can considerably increase if entrepreneurs are aware of what the angel investors are looking for. T-Angel’s existence has been smartly tailored to solve this issue and T-Hub believes that there are plenty of technology startups that are investment-ready provided they learn the fundamentals from an investor perspective.
During the programme, T-Hub will do an in-depth assessment of the startup’s business plan. Based on this, a customized work plan will be developed for each of the startups, with specific interventions. Post that, the shortlisted startups will undergo intensive training of five online sessions of two hours each from subject matter experts/consultants who will help in making them investment ready. The outcome of this will be a refined business plan and investor pitch deck.
A five-member Investment Committee (IC) will evaluate onboarded startups and decide on the investments. Additionally, other investor members of this programme can also join the IC deliberations. The Rs 50 lakh will be invested in three tranches.
Early-stage startups having a market viable product and develops technology or employs technology to change the way a traditional business is carried out are eligible to apply.
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