Pune: ‘EDUGILD’ India’s first EdTech accelerator program with specific focus on Education technologies and knowledge management sector has been launched with MIT Group of Institutions as core knowledge and institutional partner. The initiative encompasses a complete 360 degrees program which includes seed funding of Rs 15,00,000 in return for a minority stake , best in class mentorship and guidance regarding instituting a startup, business models pitching to VCs, business Management and customer Acquisition , marketing and help in scaling up . This 16 week in-residence accelerator program based in Pune will start from January 2016 and the applications are now open for participants having creative and disruptive technology based ideas in knowledge management and education at all levels. EDUGILD will conduct two batches every year.
Dr Sunil Karad , Executive Director MIT Group of Institutions said that the purpose of starting this program is not only to provide conducive environment to EdTech start ups , but to move a step ahead and enrich them with necessary business , funding and regulatory advice . Edugild will assess the idea , help develop right strategies , mentor and expand partnerships . Most of the times good technology ideas remain in the laboratory for the lack of proper guidance, strategy and funds. We want good ideas to take off and enhance the entire learning experience .
Rishi Kapal , Chief Executive Edugild said that this unique program will ensure that we create exceptional entrepreneurs in the education and Knowledge Management sector . India’s EdTech space has the potential to create multiple unicorn companies and Edugild will lead the way. MIT Institutions has a strong and vast experience in learning management which gives further impetus to this program. At the Pune facility, the entire ecosystem and infrastructure is ready for great EdTech ideas to be nurtured, mentored, funded and launched. We want to take a step further and see to it that these EdTech ideas actually become sustainable businesses and enhance learning for the larger interest of the society .
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