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U.S. Embassy launches Nexus Startup Hub

ANI  |  New Delhi [India] 

The Embassy on Thursday announced the launch of the Startup Hub at the in New

The goal of the program is to help support a dynamic ecosystem for innovative Indian startups through the sharing of American best business practices in entrepreneurship and incubation.

To date, 20 startups have completed the intensive, 10-week pre-incubation program and nine have been selected for long-term incubation. The third cohort of the pre-incubation program began at the end of January.

"I have been to a lot of other incubators, but what sets apart is that they really deliver," (CEO) of Docturnal Arpita Singh said.

The first is a program that will provide training, mentor, and networking opportunities specifically for female entrepreneurs throughout

This women-focused program is designed to support and empower women with entrepreneurial interests who are currently studying at Indian universities to overcome barriers and become future leaders in India's startup sector.

In addition, the Embassy announced Connect at Nexus, a new grant provided by the and Central Asian Affairs.

The grant will support the expansion of Nexus' offerings to include startups in Bangladesh, Bhutan, Nepal, and

"The response to the program has been overwhelmingly positive and we have already seen some great results from our first two graduated cohorts of startups," said the of Nexus "team is excited about engaging with the innovation ecosystems in Bangladesh, Bhutan, Nepal, and and working to set up the same kind of we are building here in "

Nexus is run in partnership with the at the and has brought in as advisory board members some of the biggest names in the Indian innovation ecosystem.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 00:45 IST