GINSERV launches Gincelerator 2.0 with 18 startups

Bangalore: GINSERV launched Gincelerator 2.0 with 18 startups on Tuesday in Bangalore. GINSERV is an India based technology businesses incubator.

Gincelerator 2.0 will nurture 18 Startups from all over India and the majority of them are from Bangalore. The accelerator program has been designed with the support of National Science Technology Entrepreneurship Development Board (NSTEDB) and Department of Science and Technology (DST), Government of India.

Each of the 18 startups will be eligible for Startup Kit worth Rs 25 lakh. As many as 100 startups submitted applications of which 18 were picked based on various parameters.

“Karnataka government’s policies are aimed at giving access to deep technology. Karnataka makes it happen and that is why 7 unicorns were born during difficult period of Covid19 pandemic,” said Meena Nagaraj, Director- Department of Electronics, IT & BT and MD of KITS during the inauguration.

“Karnataka is the first state to formulate engineering research and development policy. Our innovative ways of making policies encourage innovation,” added Nagaraj. Bangalore is number 1 tech city with 8.5% growth while international average is 6.2%, pointed out Nagaraj.

Kapil Khandelwal, a well-known investor in health tech companies, was the keynote speaker on healthcare investment. “Healthcare is impactful and during the pandemic, $150 mission funding was raised for the startups,” he revealed.

“We are a biotech powerhouse and Karnataka is most attractive investment destination,” said Khandelwal, who is a managing partner in Toro Finserv LLP and Director in EquNev Capital Private Limited.

One usually attributes startups with youngsters and their ideas. But SK Dixit, who is just short of 60 years and he is a Startup founder and CEO of wearable diagnostic devices company. His innovation – wearable ECG device- Heartwear is in the market.’

“Gincelerator 2.0 conceived to accelerate the growth and scale of tech startups sustainably stronger and faster. By providing access to mentors, industry experts, investors, and pilot access to potential customers,” said Girish Hiremath, COO – GINSERV.

“GINSERV being part the Mysuru-based JSS Group Institutions with its strong presence in Education, Medical and Healthcare space, can unlock huge opportunities for the tech startups form these sectors,” added Hiremath.

18 Startups in Gincelerator 2.0 programme