Seed Investment & Innovation platform, Venture Catalysts, announced a partnership with Plug and Play. According to the company, this partnership will allow Venture Catalysts to access Plug and Play’s start-up accelerator framework and deploy the same for budding Indian ventures and empower them with support infrastructure that will promote scale, sustainability and success.
Based out of Silicon Valley, Plug and Play is a global start-up accelerator and reviews over 4000 start-ups annually, investing in more than 100 new ventures annually. The likes of Dropbox, PayPal, LendingClub and Zoosk have been incubated by them.
Speaking on the association, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, commented, “India, despite registering rapid start-up growth, is at present severely lacking in early-stage support for upcoming ventures. This results in nearly 85-90 percent of Indian start-ups shutting down within the first few years of their operations. This is where this partnership with Plug and Play comes into the picture. By leveraging Plug and Play’s proven expertise in accelerating start-up growth, we will be exposing Indian start-ups to strategic opportunities from across the globe. We are confident that this association will empower Indian ventures with a global perspective and will help them evolve differently, thus propelling them to be game-changers in their chosen market segment.”
Venture Catalysts says that it hopes that the association will see Indian companies being exposed to strategic opportunities to connect with potential partners, investors and mentors from around the world. It says that Indian ventures will be instructed about the various facets of the start-up business by leading global domain experts and dedicated mentoring and coaching support on the diverse aspects of business development and business management would also be provided under the association.
Yael Oppenheimer, International Operations Manager, Plug and Play said, “Our association with Venture Catalysts is perfectly timed as the Startup culture in India is touching new heights. With budding entrepreneurs looking for all-round solutions, Venture Catalysts is a welcome move towards bringing synergy in the startup ecosystem identifying fresh talent as well as nurturing them. We are delighted to partner with Venture Catalysts bridging the gap between Silicon Valley and India"
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Simar Singh is one of the youngest members of the BW team. A fresh graduate from IIMC, she also holds a degree in political science from LSR. She enjoys covering power, startups, lifestyle and a little bit of tech.
