Reflecting on a year of empowering innovation through our StartupIndia Seed Fund Scheme! 🚀
Out of 70 inspiring applications, we've proudly backed 7 dynamic start-ups, each with the potential to make a significant impact. Our mission was clear: to aid early-stage cleantech ventures in building their prototypes and finding their first adopters, providing the financial boost needed to accelerate their journey.
Since then, we've witnessed steady progress within our portfolio. Some of the startups have successfully raised additional capital or gained traction in the market, signaling the promising trajectory of their ventures. However, we've also encountered challenges, with two start-ups winding down due to various factors.
In this journey, we've gathered invaluable insights:
1. Early talent identification is key, enabling us to offer timely guidance and support throughout the product development and fundraising process.
Beyond financial backing, it's our responsibility as incubators/investors to facilitate connections and assist start-ups in securing their initial customer base.
2. Product development process is slow and hard and requires a lot of patient capital to make progress
3. While early financial support is crucial for prototype development and traction, aligning incentives with milestone achievements is essential for sustained growth.
4. Although angel investments offers easy access to capital initially, startups must carefully assess the number of unfamiliar individuals they are willing to include in their cap table during the initial phase of their journey.
5. Recognizing that innovators are primarily technologists, transitioning into effective sales roles may take them time. It's incumbent upon us to provide motivation and support to aid in their professional development.
Thrilled to share that we've reapplied and received approval once more!
Eager to support more new ground-breaking early businesses and elevate them to new levels of success!
SelectricGo EV Solution Pvt. Ltd.
Calvem Controls
Adiabatic
Surface Moto
Zircle
Recaff
unbubble.co
#Innovation #Entrepreneurship #SupportingStartups"
Healthcare Product Management | Diagnostics | Interoperability | Advisor to Hospitals, Startups, and VCs | Marathoner
6moRishad Usmani, MD: I'm remembering the feedback that we heard from investors in our HTI meetings together: That you put in far more due diligence than most. Your post-mortem review of how companies have done really stands out here. It's easy to have the desire to review the deals that you invest in. (To ensure your financial return) It's much harder to review all the ones where you didn't invest. (To learn) 500 companies reviewed in two years by an active physician is a ton. 4 companies seeing early success is a marker of how challenging this space can be.