You are here: Home » PTI Stories » National » News
Business Standard

ACME Group to pump in Rs 500 cr to promote startups

Press Trust of India  |  New Delhi 

Technology provider ACME Group will invest Rs 500 crore over five years to finance start-up entrepreneurs and innovators.

"ACME will invest Rs 500 crore over the next five years to support entrepreneurs under the initiative 'Idea Factory'," the company said in a statement.

The initiative will act as an incubator for innovators and entrepreneurs who can deliver unprecedented solutions with economic viability, it said.

ACME will invite technology based ideas across all sectors such as energy, IT, telecom and mobile applications.It will provide early stage capital along with full service office space and back office shared services as well as support in auxiliary services (Sales & Marketing, finance and Accounts, HR, IT & Legal).

The interested participants can submit their ideas at www.Acmeideafactory.In.

"Idea Factory believes in the spirit of collaboration and aims to advance entrepreneurship following a partnership approach. The vision is to create an ideal environment for entrepreneurial growth, help build successful businesses and uplift the talent pool of the country," Founder and Chairman, ACME Group Manoj Kumar Upadhyay said in the statement.

The ACME Group is a player in energy management and innovative solutions for wireless telecom.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 01 2015. 17:22 IST