Pune: Maharashtra Institute of Technology (MIT), India’s leading technology and engineering institution, signed a MOU with Cisco to collaborate for EDUGILD, India’s first EdTech startup accelerator. Cisco and EDUGILD joined hands for enhancing technology and business demands in the EdTech market. Under this initiative, EDUGILD and Cisco will bring together mentors with passion in EdTech space and leverage their networks to support start-ups in this space to flourish.
The start-ups were shortlisted post a rigorous selection process from 300 applications; EDUGILD selected four potential companies for its mentorship program. The shortlisted start-ups include Pune based Classboat, Instafeez from the IT hub Bangalore, Simulanis from the capital city Delhi, and Gradopedia from Mumbai. These start-ups will now go through a 16-week intensive mentorship program. EDUGILD will also support and help them raise funds through their strong network of angel investors and PE & VCs. They will further be coached and mentored by senior successful industry leaders who would provide their expertise to encourage the spirit of innovation, challenges and risk-taking. These start-ups will also be provided a platform for beta testing their products and solutions.
Commenting on this initiative, Rishi Kapal, Chief Executive, EDUGILD, said, “Indians, by nature have been entrepreneurial in spirit. New technology, including social networking sites and mobile devices, is reinventing traditional practices such as swapping, trading, renting, bartering, sharing and lending – to be more relevant to the ‘Facebook age’. This emerging culture and economy requires catalyst to create exciting learning opportunities for talented young professionals. At EDUGILD, we strive towards mentoring young start-ups involved in creative use of technology by providing a conducive environment that is vital to nurture the start-up ecosystem.”
The program kick-started with three days of intensive mentoring workshops on 19th February, 2016 and will be held until 21st February 2016. During this period, eminent industry leaders and corporate honchos including: Sanjay Kaul, Managing Director, CISCO; Vivek Mehra, MD, Sage Publications; Manish Upadhyay, Co Founder, Liqvid; AG Rao, Group Managing Director, Manpower Group; Apurva Chamria, AVP & Global Business Head-Brand & Digital Marketing, HCL Technologies Ltd; Dr. Sanjay Dhande, Ex Director, IIT Kanpur; Karanvir Singh, Grex; Nilesh Vani, EVP and Chief of Strategy & IT, Aptech Ltd; Sachin Tagra, Associate VP, Head Incubator Capital, Brand Capital; and Amit Ratanpal, Founder & MD, BLinC Management Advisors Private Limited will be sharing industry insights with the budding start-ups.
As Cisco passionately drives forward the adoption of Internet of Everything (IoE) at an unparalleled rate, Indian education sector is considered to be the natural beneficiary of the same. It is this endeavor that brought Cisco India and EDUGILD together to explore opportunities in supporting startups in this space to flourish. As a part of collaboration, Cisco would consider guiding the start-ups accelerated at EDUGILD with technology roadmaps and beta testing wherever such facilities are available in India.
Over the past one year, EDUGILD has created a world class ecosystem of infrastructure, mentors, venture and institutional partners to assure higher rate of entrepreneurial venture success. The company is dedicated to support start-ups for enhancing learning experience in any field, supported by a world class panel of liberal minds, successful entrepreneurs, institutions, mentors, and investors.
In sync with India’s vision of Start-up India and Digital India, EDUGILD and MIT Academy of Engineering Pune will also institute a Centre of Entrepreneurship in their Alandi campus, to foster a strong start-up culture in the new generation.