T-Hub announced the second cohort of the ‘Global Immersion Program’ in partnership with FalconX, USA based technology accelerator organisation.
Global Immersion Program is focused to support Indian tech startups that are solving various business vertical challenges through their product or solution innovations. The strategically designed programme will enable selected startups to launch their products in the US markets The three-week accelerator program will select high-impact startups and enable them to expand their businesses. The program will provide tailored business, technical,and leadership mentoring from over 40 serial entrepreneurs, investors, and experts from Silicon Valley. After rigorous training and mentorship to grow faster, the program will host a ‘Technology Day’ that will allow startups to pitch to more than 150 venture capitalists, corporate executives, and industry leaders.
The selected startups will receive an array of opportunities such as $10,000 Stipend each for the selected startup, Masterclasses on entrepreneurship by BV Jagadeesh, Mentorship sessions with industry luminaries, Pitching sessions with venture capitalists and corporate executives, networking, in-person 1:1 meetings and feedback sessions with leading market experts.
MSR, CEO of T-Hub said, “Startups in India are playing a significant role in advancing the country’s capabilities with the power of technology. Through our Global Startup Immersion Program, we are aimed at accelerating this transformation and helping entrepreneurs scale their businesses globally. Through our robust innovation ecosystem and mentorship opportunities, we are deeply committed to empowering entrepreneurs in the country to drive cutting edge innovation and accelerate growth of the startup ecosystem.”
The startups will be selected on the basis of criteria such as their focus on the B2B market, MVP and/or early customer traction and differentiated products with use cases in the U.S. Market.
The Global Immersion Program Participants will also get benefitted from FalconX’s first venture fund in 2023, which focuses on global early-stage B2B companies in the Artificial Intelligence (AI)/ Machine Learning (ML), Augmented Reality (AR)/ Virtual Reality (VR), cleantech, Healthtech, and cloud infrastructure sectors. The fund will invest in startups’ fast growth.
B.V. Jagadeesh, Co-founder & Boardmember, FalconX Inc said, “Entrepreneurship will play a crucial role in propelling India to the top of the global economic rankings by 2047. Innovation and technology will be critical to achieving this goal, and FalconX will play a vital role in shaping their success.
The cohort 1 of “Global Immersion Program” was a resounding success,metrics of the program were- applications from 60+ startups, selection of 9 startups, funding received by 50% of them, acquisition offers received by 2 startups and access to new customers.
The cohort launch witnessed the presence of various eminent dignitaries such as SGK Kishore, Executive Director (South) and Chief Innovation Officer, GMR Airports, Mahesh Kolli, Co-founder and President, GreenKo, Namita Banka, Founder and MD of Banka BioLoo, Uma Kasoji, Co-founder of the star in me, Padma Dabty, Co-founder of Flashline EMS, Srinivas Mahankali Rao (MSR), CEO, T-Hub, Murali Chirala, CEO and Co-founder, FalconX among others. Addressing the importance of a diverse and equitable ecosystem, the event also had a panel discussion with speakers such as Dayakar Pushkoor, Founder and MD, Dallas Venture Capital, Kiran Vangaveyi, Founder and CEO, BluSapphire, Ravi Sandepudi, Co-founder and CEO, Effectiv and Sridhar Gadhi, Founder and Executive Chairman, Quantela.
T-Hub’s programs have been successfully scaling startups in partnership with a robust ecosystem of partners. T-Hub, to date, has impacted over 2000 startups through various programs and initiatives, has over 600 global and national corporate partners and has provided 2000 mentor connects to help the startup scale. T-Hub will continue to drive collaboration between startups and leading innovation ecosystems worldwide, providing global market-access opportunities to startups.