GSF Superangels, a network of 30 digital company founders and investors in India, plans to launch GSF Accelerator, a 3-city (Mumbai, Delhi, Bangalore) start-up accelerator programme in October 2012 to select and mentor start-ups.
“GSF Accelerator will provide 12 start-ups with personalised and intensive mentoring, access to funding and business networks and initial capital,” it said. Over 250 start-ups have already been interviewed, and applications have been invited from other start-ups from the digital domain by the end of this month who could participate in the selection process.
“GSF Accelerator programme is designed to create the next wave of product-oriented technology start-ups in the areas of mobile, social, local and cloud. There is no reason that Indian entre- preneurs can’t create the next Instagram, or the next Twitter, or the next Inmobi,” said Mr Rajesh Sawhney, founder.
“Twelve start-ups will receive initial funding of Rs. 1 to Rs. 3 crore each. We will provide further funding to a few start-ups at the end of the programme,” Mr Sawhney told The Hindu.