This initiative is aimed to helping startups looking at scaling stage, growth stage, product diversification or planning expansion into new geographical locations. They can benefit through funding support of up to Rs 1 crore and a comprehensive three-month mentorship program that combines virtual and in-person sessions for a well-rounded learning experience. Furthermore, the initiative will provide start-ups with access to an extensive network and personalised guidance through one-on-one mentorship sessions with seasoned investors and industry experts.
“This LEAP AHEAD initiative is very timely in terms of emphasizing the opportunities that lie for entrepreneurship in India. Today, India is no longer known as a BPO destination, it has evolved into a global capability centre and R&D centre. India stands as a leader in digital public infrastructure and this can now be used in multiple ways by entrepreneurs to build successful enterprises. Youth in smaller cities have the hunger to do and achieve more. That’s the fire in the belly we need to build on. We would like to also see more women and people from tier 2/3 cities coming as entrepreneurs,” Krishnan said in a statement.
Arvind Kumar, DG, STPI said,” With this initiative, technology startups will gain entry into the market, experience rapid growth and diversify into new horizons. This program is focused mainly on two things – mentorship and co-investment. Besides Delhi, LEAP AHEAD Startup Summit is also planned to be held in Bhubaneswar, Vijayawada and Chandigarh.”
Saurabh Shrivastava, Chairman Emeritus, TiE Delhi-NCR, said, “Through the collaboration with STPI, TiE Delhi-NCR is not only providing funding but also providing mentoring and market access. These are people who build successful companies and know the mistakes they have made. We will help these companies to scale and grow.”
Alok Mittal, President, TiE Delhi-NCR, said, “TiE’s mission has always been to foster ecosystems, and this program aligns perfectly with our goals. We’ll mentor 75 companies over three months, aiming to secure funding for about 15. We’ll also take these showcases to over 30 cities, expanding the impact.”Sushil Pal, Joint Secretary, MeitY, said, “I would like to congratulate STPI for coming up with LEAP AHEAD initiative, which is a part of NGIS. Our startups have been a great success story for our country and have seen exponential growth in the last couple of years.”