Raises Rs 70 lakh through 8 start-up incubation programs

Eight start-ups have raised more than 70 7 million in first-round funding under the UPES incubation program ‘Runway’

In December last year, UPES, a multidisciplinary university in Dehradun, launched an ambitious incubation program called ‘Runway’, which helps transform their scalable business to work with start-ups inside and outside the university. Finishing off a quarter, Runway began its first pre-incubation cohort at a two-day event hosted by UPES with 82 start-up ideas selected from more than 400 applications.

In the first round of pitching, eight of the 82 selected start-ups raised over IN 7 million from a group of investors including India Network CEO Rahul Narvekar, UPES Pro VC Dr Ram Sharma, Mudit Verma, UPES alumni and Gagan Ghai. Angel Investor – Director Crest Innovation, UPES and the first instance in Uttarakhand where funds were raised on the spot.

There were eight fundraising start-ups:

  1. Alteridium, Founded by Akhil Damodaran and co-founded by Dr. Rupesh Kumar, is one of the first blockchain-based smart contract companies in India. It will develop smart contract products that can be used in education, healthcare, supplies, etc.
  2. DAACAn automotive design studio founded by Siddhartha Prakash and co-founder of Kishore Tikle, Siddharth Da, Nithin Sharma
  3. W&W organic, Founded by Akansha Simra and co-founded by Pratiksha with the concept of organic soap bars in paper packaging.
  4. AAGYOA combined solution of Hyperlocal Marketplace and e-commerce aimed specifically at Tier 3 and lower cities and towns, founded by Mukul Mehta
  5. VindhyabasiniA period cramp relief belt established by Nuveni Raina
  6. Buzzinga Chicken Chips Founded by Dia Goel and co-founder of Akul Goel, FMCG is a non-vegetarian product that solves the problem of unhealthy snacks.
  7. Anime godFounded by Dev Taneja and co-founded by Himanshu Goswami, the goal is to provide great, unique anime and graphic products at the most affordable prices.
  8. Rhodes Founded by Achal Agrawal, an idea aimed at route optimization based on road quality and precision potholes.

The selected start-up founders had the opportunity to interact with entrepreneurs like Naveen Rawat and Manish Ahuja of Holisol Logistics; Sarika Panchi, Founder-Jibisa Wellness; Richa Bhansal, Founder-Sarathi, Mudit Verma, CEO-Rematch Technologies; Taranjit Singh, Founder-Invokon; Pension Box founder Kuldeep Parashar and The India Network CEO Rahul Narvekar.

Selected 82 Runway Start-up Ideas will now go through an eight-week, carefully curated program where they will learn how to build a business, how to incorporate companies and how to interact with experienced entrepreneurs, CAs and investors. Is to create. Start-up consultant. At the end of the pre-incubation program, start-ups will have the opportunity to raise funds and formally pitch and raise funds for incubation or a group of investors on the runway.

The ‘Runway’ is established under the UPES Council for Innovation and Entrepreneurship (UCIE), which is recognized by the Government of Uttarakhand as a business incubator and a state nodal agency to encourage entrepreneurship and help start-ups in the state. Runway aims to help these start-ups refine their concepts through a process involving incubation, mentoring, pitching, nurturing and networking.

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