Inflection Point Ventures (IPV), a leading venture capital firm, has unveiled its latest initiative, IPV Ideaschool Batch 1, a dynamic accelerator program aimed at nurturing aspiring entrepreneurs.
This six-week nationwide program is designed to guide startups from the ideation phase to the Minimum Viable Product (MVP) stage.
Anticipating a staggering 2000 applications, IPV will meticulously shortlist 100 promising startups initially, with 40 progressing to the intensive accelerator program. The selection process will involve rigorous evaluation across various parameters, ensuring only the most promising ventures advance.
The program’s pinnacle will be an on-ground event where the top 15 startups will present their ideas to a distinguished jury.
The final five stand a chance to secure a substantial Rs 80 lakh investment and an exclusive opportunity to join the IPV portfolio. Entrepreneurs aspiring to be part of this transformative experience have until January 20th, 2024, to submit their applications.
Speaking on the initiative Mr. Mitesh Shah, Co-Founder, Inflection Point Ventures says,
“IPV Ideaschool– the highly curated program aims to give an edge to the startups as they will not only secure early-stage funding but also get an opportunity to grow and scale their business rapidly with strategic guidance and IPV’s rich network. At IPV, we are looking for startups that add value to our economy and have sustainable ideas. By strategically nurturing and empowering innovative ideas, our commitment to building a strong early-stage startup pipeline ensures a foundation of quality and potential, shaping the future of groundbreaking ventures and contributing to India’s economy”.
IPV’s seasoned experts will play a pivotal role in assisting startups, providing valuable insights to fine-tune business plans and suggesting potential pivots to ensure commercial viability. Leveraging its extensive network, IPV plans to connect startups with investors, ecosystem partners, and other venture capitalists, facilitating access to infrastructure and additional capital.
Participating startups will gain access to bootcamps and masterclasses conducted by industry experts covering a wide array of subjects crucial for founders.
The program promises a comprehensive experience, providing startups with exposure to real-world business scenarios. IPV, in collaboration with Firstport Capital and Physis Capital, is committed to nurturing these startups for robust growth.
About Inflection Point Ventures, Firstport & Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 12,000 CXOs, HNIs, and Professionals collectively investing in startups. IPV supports new-age entrepreneurs by providing both monetary and experiential capital, connecting them with a diverse group of investors.
Additionally, IPV has recently announced the launch of its CAT 2 AIF, Physis Capital, dedicated to investing in pre-Series A to Series B growth-stage startups.
FirstPort Capital, on the other hand, is a CAT 1 Angel AIF that raises funds from Angel investors, focusing on making investments in early-stage startups.