Sattviko, one of the fastest growing food companies in India, has been awarded as the most prominent food startup in the Agri, Food, & Forestry Products segment at The National Entrepreneurship Awards. The National Entrepreneurship Awards have been instituted by the Ministry of Skill Development and Entrepreneurship [MSDE] to encourage a culture of entrepreneurship across the country.

The award ceremony was presided over by Arun Jaitley Minister of Fiinance & Corporate Affairs, Shri Dharmendra Pradhan Honourable Minister of Petroleum & Natural gas & skill development & Entrepreneurship, Anantkumar Hegde Honourable minister of skill Development & Entrepreneurship and Chanda Kochhar, MD & CEO ICICI Bank.

Started in the year 2013 with quick service restaurants, Sattviko has grown exceptionally to becoming a healthy lifestyle brand offering packaged food products that combines the goodness of age old wisdom of Ayurveda with the unique taste and flavor of contemporary cuisines. Sattviko has a range of ethnic product categories including Roasted Makhana, Khakhra Chips, Ajwaini Flax Seeds, Dry Mango, Khakhra Chips, Gur Chana, Salsa Almonds, etc. Sattviko fosters wellness and shares Indianness by incorporating modern flavors on traditional ethnic snacks.

Commenting on the recognition, Prasoon Gupta, Co-Founder of Sattviko, said

We are elated to be awarded as the most prominent food startup in the country. Since our inception, our focus has been on delivering an exceptional experience to our customers who are looking to adopt healthy lifestyle and its practices. Today’s customers are experimental in trying new cuisines yet the familiarity of certain flavours remains the requirement. Sattviko brings the benefit of both with its age-old recipes and exotic preparation methods.

Sattviko products are currently available at modern retailers such as Metro Cash & Carry, More, Hypercity and in general trade across Delhi, Mumbai, Bangalore, Hyderabad, Chandigarh, Amritsar, Jalandhar, Kolkata, Lucknow, Gurgaon, Faridabad and Surat.

The National Entrepreneurship Awards seek to recognise the efforts and achievements of exceptional entrepreneurs and those individuals and organisations who are working in the field of entrepreneurship development. The Awards also seek to highlight models of excellence for others to emulate and improve upon. The winners were selected through a three stage rigorous selection process. Winning individuals/ enterprises were given a prize amount of Rs. 5 lakhs.

About Sattviko

Sattviko started in the year 2013, and has been on an epic ride ever since. From launching the quick service restaurants and fine dine chains to becoming synonymous as a healthy lifestyle brand, it has stayed true to its core beliefs of delivering an exceptional experience to customers who are looking to adopt a healthier lifestyle but don’t want to compromise on the taste. Sattviko ethnic Indian snacks while being roasted & baked without any preservatives or artificial flavours provides a very healthy alternative to the current fried options available in the market. For more information, please visit Sattviko

The Indian School of Business [ISB] and Shakti Sustainable Energy Foundation have joined hands to launch the Clean Energy Lab, a uniquely designed incubation programme to support early stage non-profits working on creating policy impacts in clean energy.

Image Source – ISB CleanTech

Supported by DLabs, the incubation and acceleration arm of ISB, the Clean Energy Lab invites entries from non-profits, working in the areas of renewable energy, climate change and energy efficiency. The Lab aims to identify individuals and thinkers with big, audacious ideas to create research based policy impact in India and build their concepts into scalable institutions.

Talking about the need and importance of such an initiative, Professor Rajendra Srivastava, Dean, ISB, said

Clean energy is the need of the future and India is already making a mark globally for its initiatives in this space. The government has drawn up an ambitious agenda to become self-reliant in generating renewable energy by 2022. Against this backdrop, research focused non-profits can play an important role in influencing policy and pushing India towards a cleaner environment in the years to come. Through the Clean Energy Lab, ISB is excited to partner with Shakti Foundation to support non-profits who are seeking to create large scale policy impact in building and scaling their ideas and contribute to the larger goal of nation- building.

The Clean Energy Lab will identify and incubate five exceptional ideas to create policy action on clean energy. The selected participants will have access to the following

  • Sustenance Support of up to INR 4.8L
  • Dedicated Mentorship by an Expert Panel consisting of energy and non-profit experts
  • Access to infrastructure at the ISB Campuses
  • Strategic advisory support and access to networks
  • Impact Measurement Support to determine milestones and assess growth
  • Access to Organizational Development Services

Sharing his views on the rationale for developing the Lab, Krishan Dhawan, CEO, Shakti  Sustainable Energy Foundation said

One of Shakti’s roles as the only foundation focused on India’s clean energy sector is to build and strengthen the capacity of civil society in order to participate more effectively in policy dialogue and action. Platforms like the Clean Energy Lab are an important part of the solution. The Lab is India’s first incubation programme to support high potential ideas that can be built into scalable institutions as well as create evidence-based policy impact in the area of clean energy. Given India’s increasing energy demand and urgent development priorities, outcomes from the Lab can make a very important contribution.

Who can apply and more details

Early stage non-profits including NGOs, community based organisations, think tanks, foundations, research institutions working in this space and individuals with potential ideas are eligible to apply. The last date to apply is November 15, 2017. To know more visit this page

The yearlong incubation programme commences in January 2018 and will include dedicated mentorship with assigned experts, capacity building and training sessions and a multitude of opportunities to network and partner with potential collaborators.  The Lab would conclude in December 2018 by which the all the non-profits would be registered entities culminating in a Showcase Pitch Session where the non-profits would pitch to philanthropic organisations for funding.

DLabs is the incubation and acceleration arm of the ISB set up in collaboration with the Department of Science and Technology, Government of India. It aims to support the creation of a vibrant and high impact entrepreneurial ecosystem focused on innovation in key sectors including technology commercialization. DLabs leverages the vast resources, expertise and networks of Centre for Innovation and Entrepreneurship at ISB through mentorship, education and investor connect.

Further details about the program are available here

Espark Viridian Accelerator [earlier covered here and here], a startup accelerator for early and growth seeking startups in-association with Headstart Network Foundation, announced Marketyard Agrisolutions from Pune as the winner of its – SmartUp 2017, a pan India B-plan Competition.

Image Source – ESpark Viridian

SmartUp 2017 offers a nurturing platform with competitive spark to facilitate budding entrepreneurs by validating their ideas, mentor them under globally acclaimed experts and offering access to a wide network of investors.

Marketyard is a Mobile Platform that enables Users to buy, sell and rent everything related to agriculture using Classifieds services, Hourly Weather Forecast, Digital Land Records, Local Business Listings, etc. They help farmers to directly sell to end consumer by removing the need for middlemen.

Machstatz from Bengaluru an end to end solution in the IIoT [Industrial Internet of Things] space became the first runner-up and ClinMD from Jaipur which offers help doctors to record store and digitize regular handwritten notes & prescriptions was chosen second runner-up. The winning teams were awarded a cash prize of Rs 1 Lakh, Rs 50000 & Rs 25,000 respectively.

Vibhuti Channa, Director, Espark-Viridian Accelerator, said

India has a 1.25 billion of youth population and entrepreneurship is the need of an hour. Our endeavor has been to identify budding entrepreneurs and provide them with all necessary support. It is important to nurture and guide an idea in its early stage to ensure it reaches its maximum potential.

Espark-Viridian in association with Headstart Network is committed to promoting entrepreneurship in India. The top 25 startups were shortlisted by the jury members. The event culminated in Delhi at KiroriMal College Delhi over two days dedicated to intensive one to one mentoring by expert mentors and investors followed by a pitching session.

The esteemed jury — which included Arpit Agrawal [Principal, Blume Ventures, Co-founder and Director, Headstart Network Foundation], Ashish Taneja [Managing Director, Growx Ventures], Paresh Gupta [Founder, Global Centre for Entrepreneurship and Commerce], Amit Singh [Founder & CEO, Wow Labz Co-Founder and MD, Headstart Network Foundation] and Vibhuti Channa [Director Espark- Viridian Accelerator] – selected the prize winners.

Anil Lade, Founder – Marketyard Agrisolutions, said

Such Competitions provide a good platform for young entrepreneurs to showcase their talent and gain from one on one mentoring. I am thankful to the Espark-Viridian and Headstart Network who have provided clarity in further enhancing my idea.

About Espark-Viridian

Espark-Viridian is a startup accelerator for early and growth seeking startups. We offer an up-to 18-month multi-center, multi-sector accelerator programme through 5 centres spread across Bangalore, Chandigarh, Gandhinagar, Mumbai and Delhi-NCR. To know more, please visit Espark-Viridian

Industree Foundation launched its new initiative ‘Mission Creative Million‘ at a round table, during the World Economic Forum’s India  Economic Summit. Shri Chandrababu Naidu, Honourable Chief Minister, Andhra Pradesh, launched the initiative at an event that was held Hotel Taj Palace, New Delhi.

Established in 2000, Industree Foundation addresses the root cause of rural poverty in India by establishing ownership-based manufacturing enterprises for majority women micro-entrepreneurs in the farm and off-farm sector. Industree assesses the traditional skill base of communities, organises them into production units, develops products that appeal to modern markets, and creates consistent demand, opening up the 40 billion dollar global market for these entrepreneurs.

Industree Foundation has already trained 30,000 women artisans in India and Africa through collaborative efforts with organisations like Future Group, IKEA, the Commonwealth Secretariat, Grassroots Business Fund, and National Skill Development Corporation. Industree has also directly impacted over 2,000  producers and tripled their incomes, having built two of India’s largest off-farm producer companies.

‘Mission Creative Million’, Industree’s latest initiative designed to empower entrepreneurs and create jobs, aims to impact one million creative producers in the next 5 years, dramatically scaling up outcomes.

According to Neelam Chhiber, Founder and Managing Trustee

With the right training and tools, producers can become owners of their own businesses and leaders in their communities. That is why we have developed a model that empowers producers with skills training, market linkages and the professional management support they need not only to build sustainable futures for themselves but also create hundreds of new jobs.

Creative Million projects are already in various phases of execution in Karnataka, Tamil Nadu, and Odisha, and are in the planning phase in Andhra Pradesh, Telangana, Rajasthan and Uttar Pradesh. This is in partnership with the Ministry of Textiles, Karnataka and Andhra Pradesh state governments, along with companies such as Sonata Software, Mindtree, Mercuri Urval and impact organisations like MasterCard Center for Inclusive Growth, British Asian Trust, Social Venture Partners, Womanity, Dasra and UNDP.

The first few pilots have impacted more than 75,000 producers. Industree also partners with organisations like Fair Trade Forum India, All India Artisans and Craftworkers Association, to ensure the reach extends to a million people.

Speaking about the initiative, Shamina Singh, President of Mastercard Center for Inclusive Growth, a key partner, said

Unlocking the potential of artisan producers to earn, save and invest is critical to ensuring that India’s economic growth is inclusive and sustainable. We are proud to partner with Industree, government ministries and other private sector leaders to realize the promise of the creative million business model.

Espark Viridian Accelerator [earlier covered here and here], a startup accelerator for early and growth seeking startups in-association with Headstart Network Foundation, brings a unique opportunity for all the aspiring entrepreneurs- SmartUp 2017. SmartUp is a Pan India Business Plan Competition that could help win a cash prize worth Rs 1.75 lakh, entry to Espark-Viridian’s accelerator program, live one-to-one mentoring, potential to raise seed investment, network with all the who’s who of the business world.

Image Source – ESpark Viridian

Espark-Viridian in association with Headstart Network are committed to promote entrepreneurship in India. Early stage startups having original idea and clear business model with significant market research are eligible to apply. Top 25 startups will be shortlisted by selected jury members. The event would culminate with two full days dedicated to one to one mentoring from national level mentors followed by a pitching session to top rated investors wherein one could get a chance to raise a seed investment. The deadline application submission is 25th September 2017.

Vibhuti Channa, Director, Espark Viridian Accelerator, said

We, at Espark-Viridan Accelerator believe that India has tremendous potential and startups are the future of business ecosystem. This is a one-of a–kind business plan competition for budding entrepreneurs to turn their dreams into reality. Besides a potential to raising seed investment, the startups will get the opportunity for one-to one mentorship.

Amit Singh, Co-founder & MD, Headstart Network, said

SmartUp 2017 is Espark-Viridian and Headstart’s endeavor to identify and nurture India’s young entrepreneurs who have the aspiration and ability to solve big problems through their ventures. With Espark-Viridian’s enablement led program and Headstart’s country wide network -we seek to make mentoring and funding accessible to the early stage startups.

Individuals with an idea and passion for entrepreneurship need to register at SmartUp 2017  for participation.

About Espark-Viridian

Espark-Viridian is a startup accelerator for early and growth seeking startups. We offer an up-to 18-month multi-center, multi-sector accelerator programme through 5 centres spread across Bangalore, Chandigarh, Gandhinagar, Mumbai and Delhi-NCR. To know more, please visit Espark-Viridian

The Indian School of Business [ISB] and SAP Labs India have entered into a collaboration to nurture technology-based start-ups in the social space, focusing on ventures which are working in areas that have relevance to national priorities.

Image Source – Jumpstart Social Enterprise Accelerator

Titled Jumpstart Social Enterprise Accelerator, the programme aims to identify and support 10 early stage and 5 growth stage promising ventures by providing guidance, mentorship and scaling up their technology solutions that can bring about a large scale impact in the lives of common people. Start-ups targeting sectors such as education, healthcare, water & sanitation, energy, agriculture, financial technology, infrastructure, livelihoods and others are eligible to apply for the programme.

Sharing ISB’s objective in promoting the initiative, Professor Rajendra Srivastava, Dean, ISB said

ISB is committed to its goal of taking on a larger role of incubating and supporting entrepreneurial ideas as well as scaling up ventures that will potentially generate employment, foster economic and social progress and create significant social value for the country.

The ISB SAP Jumpstart accelerator programme is one such initiative to support promising entrepreneurs in thinking big and help scale their businesses to create impact in areas of national priority and help build a better tomorrow.

Dilipkumar Khandelwal, Managing Director of SAP Labs India & Executive Vice President, Enterprise Cloud Services, SAP SE said

We are pleased that the SAP ISB Social Enterprise Jumpstart program is growing to accommodate more social enterprises.  Through this initiative, we are supporting in creating investible and growth oriented social enterprises which can contribute to the economic development of our country.

The first cohort of this accelerator programme was launched in  July 2016 where ISB and SAP received 400+ applications from diverse sectors. Five early stage start-ups in the areas of financial technology, sustainable development & livelihood, agriculture and skill development were shortlisted and mentored. As a result, all the 5 ventures from the first cohort have scaled up their business operations, received funding or have been taken over.

How to apply for the Jumpstart Social Enterprise Accelerator

Start-ups will be short-listed through a nation-wide selection process based on their innovation, social impact and scalability. Shortlisted finalists would be invited for a business plan pitch and interview by a panel consisting of business experts, investors, faculty & members of the Centre for Innovation and Entrepreneurship at ISB, & SAP. To know more about the application process and criteria, click here

Conquest [earlier coverage here], India’s biggest student-run startup challenge has been centred over the years to provide a perfect platform for startups to prosper. With DCB Bank as the title sponsor, Conquest has become a paradise for startups, providing them with a chance to voice their ideas, network with industry leaders, and obtain incubation and funding opportunities.

Raising the standards set by previous editions, Conquest 2017, in association with Zoho, Accel, WNS and PayU, witnessed a participation of more than 1000 startups from across the nation. Startups from various sectors ranging from education, manufacturing, engineering to even virtual reality competed for a spot in the top 50. These applications were scrutinised based on 36 extensive parameters to shortlist the top 50 startups for personalised mentoring sessions.

Conquest provided these startups with an insightful experience and a networking opportunity by organising mentorship sessions in the 3 major cities of the country – Delhi, Mumbai and Bengaluru.

File Photo : Conquest

Mentors from various sectors provided their insights on various aspects of entrepreneurship: Fundraising, Product Management, Customer Acquisition, Tech, and Operations. Meera Iyer, CMO – Big Basket, Ashish Goel, Head of Product – Zomato and Suvonil Chatterjee, former CDO, Housing and Flipkart are some of the many esteemed mentors that provided guidance to participants on a one on one basis. The jury then selected the top 10 startups for the Grand Finale.

Here is a look at the top 10 startups that made the cut.

  • Incredible Devices Pvt. Ltd – Incredible Devices provides affordable treatment techniques for CVD, a disease with a fatality rate of 80%.
  • Recopro – Recopro’s recyclable paper pallets are cheaper, stronger and greener than the traditional wood counterparts.
  • Drone Nation – Drone Nation is an aerial data solutions company providing end to end solutions using custom-built drone hardware and software technologies.
  • Dcoder – Dcoder lets you code anywhere, anytime through its mobile coding platform.
  • JuiceWorx – JuiceWorx is working on an IoT led beverage dispensing technology that gives enhanced experience and greater health benefits to users.
  • Adloid – Adloid is a trail AR platform where you can try a product before buying- just by using your phone.
  • Trell – Trell has built a 170K strong community for millennials to discover and share local explorations.
  • Be-Hold – Be-Hold is a glove designed to function as a phone for the visually impaired.
  • Clodura – Clodura uses technology to help you find high value leads which are more likely to close!
  • Aquivio – Aquvio has revolutionised Reverse Osmosis based water purifiers by minimising the
    waste-water generated.

The top 10 will take the stage in the Grand Finale, to be held on 3rd September at Hyatt Regency, New Delhi. The finalists will pitch their ideas in front of of the panel of investors and VCs, as they try to captivate the imagination of potential investors.

The Finale is going to a ensemble of the some the the biggest names in the startup industry, along with some future greats to watch out for. The Grand Finale of Conquest has the reputation of being a star studded networking event, with attendance from numerous industry stalwarts.

Previous editions have witnessed attendance from the likes of R. Chandrashekhar, President – NASSCOM, Padmaja Ruparel, President – Indian Angel Network, Sanjay Nath, Managing Partner – Blume Ventures and Nilesh Kothari, Managing Partner – Trifecta Capital Registrations for attending the Grand Finale are now open. Register on Conquest for a chance to network with the best names in the industry.

Techstars announced the launch of Techstars India as a joint venture company in partnership with ANSR. Headquartered in Bengaluru, ANSR builds and operates GICs and captive centres for some of the leading global companies from the retail, fintech, healthcare and media domains.

Image Source – Techstars

The ANSR partnership will provide Techstars with a very strong foundation to launch its Indian operations. Having partnered with 27 leading global enterprises, ANSR is the world’s largest company for establishing and operating captive center service delivery capabilities for global enterprises in support of their growth, transformation and innovation agenda. ANSR, through its innovation arm, Kyron, also operates startup led innovation programs for its corporate partners including Target, L-Brands, Lowes and Swiss Re.

With this launch, Techstars is adding India to its international roster, bolstering India’s position as a leading global startup ecosystem. India, known for its dominant role in the IT industry and home to captive centers for over 1,000 global enterprises, is rapidly gaining traction as an entrepreneurial hub. Techstars operates worldwide and across the US, including Adelaide, Austin, Berlin, Boston, Boulder, Cape Town, Chicago, Detroit, Minneapolis, New York City, London, Los Angeles, Paris, Seattle, Tel Aviv, and Toronto, and has accepted over 1000 companies globally into its programs. Collectively, these companies have raised over USD 3.8B USD and have a market cap of over USD 9.9B. The launch of Techstars India will provide Techstars access to India’s rapidly growing startup and entrepreneur network as well as global enterprises that have established captive centers and startup led corporate innovation programs with ANSR and its innovation arm, Kyron Global.

[L-R] David Cohen Co-CEO – Techstars, Lalit Ahuja, CEO – ANSR, David Brown, Co-CEO – Techstars

David Brown, Co-CEO of Techstars, said

We have been watching India’s growth very closely and its emergence as the third largest global startup ecosystem in less than a decade. There’s so much great activity here and the potential for growth is huge, as one of the fastest growing economies in the world. I think in addition to that, India’s prime minister underlining the importance of entrepreneurship and innovation in giving productive outlets to the country’s talent is very positive. It’s heartening to see tech evangelists work closely with the government to lay out a digital infrastructure for the country which startups then can leverage. India is on a tech, digital and startup mission of sorts.

This has been a big year for Techstars. We’re 10 years old and have now seen over 1,000 companies in Techstars’ mentorship-driven accelerator programs worldwide. We are excited to announce the addition of Techstars India to the Techstars Worldwide Network.

Lalit Ahuja, CEO, ANSR said

ANSR is very excited to partner with Techstars to launch Techstars India. We believe that this is an event of national importance and a huge validation of India’s position as a leading global hub for entrepreneurial activity. The launch of Techstars India will provide an impetus to the rapidly growing startup ecosystem and the emergence of India as a dominant entrepreneurial network. This launch brings to fruition ANSR and Kyron’s pioneering efforts to successfully create a startup corporate engagement corridor towards the emergence of India’s largest startup led corporate innovation platform.

Speaking at the event, Priyank Kharge, Minister of IT, BT & Tourism said

The Government of Karnataka is focused on building a bolder and structured ecosystem and the collaboration with Techstars is exactly what the Government requires and is the right step forward. Karnataka is India’s second largest technology hub and this is validated by the fact that we have all the Fortune 500 companies. Propelled by government policies in the last 3 months, more than 3200 startups have registered with the government. We are also coming up with numerous Centres of Excellence and by the end of August we will have India’s first Centre of Excellence for Artificial Intelligence. Karnataka today has reached its maturity as a services industry and now moving forward to R&D and innovation.

About Techstars

Techstars helps entrepreneurs succeed. Through the Techstars Worldwide Entrepreneur Network, founders and their teams connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners who will help their companies grow. Techstars operates four divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and the Techstars Venture Capital Fund. Techstars Mentorship-Driven Accelerator Program supercharges success and Techstars Startup Programs inspire, educate and connect entrepreneurs. For more information, please visit Techstars

About ANSR

Backed by Accel Partners and Infosys and headquartered in Dallas, TX, ANSR is a global leader in establishing, operating and optimizing Global In-House Centers ‘GICs’ and provides end-to-end solutions to enterprises across the GIC life-cycle. Through Kyron, its innovation arm, ANSR also operates Innovation/Corporate Accelerator Programs. For more information, please visit ANSR