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Risers Accelerator to shortlist 200 start-ups for mentoring in 2019-20

Press Trust of India  |  New Delhi 

Risers Accelerator, a newly-launched platform that aims to provide financial, infrastructural and knowledge support to young entrepreneurs, Wednesday said it would shortlist 200 start-ups for mentoring in 2019-20.

In a statement announcing the launch of its operations, Risers Accelerator said it is positioning itself as a "platform to transform the game-changing ideas of start-ups into feasible and profitable businesses".

The new start-up accelerator initiative is backed by a team of 35 young entrepreneurs from diverse backgrounds and sectors, it added.

During 2019-20, Risers Accelerator will shortlist 200 start-ups across the country to support and nurture them.

"In case a start-up fails to raise funds by its own, Risers Accelerator will invest up to Rs 50 lakh per start-up," it added.

Risers Accelerator has teamed up with to help its students become entrepreneurs through financial assistance and mentorship, and get the institute's technological assistance for start-ups, the statement added.

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

First Published: Wed, March 13 2019. 21:17 IST