ENTERPRISE NEXT accelerator program to provide seed funding

Brinca global venture capital accelerator focused on innovative technologies, and Cornerstone companies (CSVP) Fund, an early-stage technology venture capitalist, announces the launch of the ENTERPRISE NEXT Acceleration Program. The program targets startups creating the next generation of enterprise-ready business solutions such as software as a service (SaaS), at a time when India is rapidly becoming a global hub for such innovation.

Successful applicants to the program will receive a tailored curriculum and have access to a team of seasoned mentors and Brinc’s global business network. In addition to receiving initial funding of $100,000, startups will have the opportunity to receive up to $500,000 in additional post-program funding from CSVP. While technology program partner Microsoft for Startups has also committed a range of eligible startup credits and services worth up to $350,000. Along with the aforementioned funding, those accepted will receive an education; mentorship of CEOs, founders, managing partners and directors from a wide range of industries; network access; and other forms of support to develop their activities.

Brinc will pre-screen applicants based on opportunity, scalability, capacity, monetizability, and ESG-related metrics. The 15-30 most promising candidates will be assessed in more detail during a rigorous four-week pre-program training camp hosted by Brinc and CSVP.

Manav Gupta, Founder and CEO of Brinc, said, “We are excited to expand our product offerings to focus on the growing Indian market. India’s technology landscape has evolved at an exponential rate, with B2B solutions gaining momentum in SaaS, e-commerce, fintech, logistics and supply chain optimization, industry 4.0 and industry. use of artificial intelligence and machine learning. Brinc is excited to be at the forefront of a growing Indian market by supporting game-changing entrepreneurs.

Karan Keswani, Managing Director of Brinc India, said: “CSVP is among the few thematic funds in India that have foreseen a market shift, leading to their current high quality investment portfolio in the enterprise technology market, and making them the perfect partner for this program. Startups accepted into the accelerator will greatly benefit from the expertise, industry knowledge, and network in the ecosystem that CSVP and their LPs bring.

Rajiv Vaishnav, Managing Partner, CSVP said: “Brinc is the perfect partner for us to engage with the early-stage ecosystem as we focus on the future of enterprise technology. Their platform offers global market access and prolific mentors with a deep understanding of nurturing promising startups, as well as access to professional guidance to build strong businesses. We believe this program will identify and accelerate early career innovators in enterprise technology, and we look forward to working with the selected teams to help grow their presence and impact in the corporate world. .

Since entering the Indian market in 2019, Brinc has pioneered connecting Indian startups with the rest of the world. Initially supporting hardware startup initiatives, Brinc designed and opened its first accelerator program with the Government of Kerala to support early-stage hardware and IoT startups. Today, Brinc has a network of over 150 VCs, investors and business partners based in India.

Based in Hong Kong, Brinc is a global leader in business acceleration and operates 13 multidisciplinary acceleration programs in seven countries. Brinc accelerates startups focused on blockchain technology, artificial intelligence, connected hardware, robotics, clean energy and food technology, and the Internet of Things (IoT), all under a sustainability mandate.

Brinc has an active portfolio of over 150 companies with founders from over 38 countries. Brinc also supports businesses with investment services, distributed innovation strategies, sourcing new startups and technologies, and web3-based businesses. Global enterprises (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), institutions of higher education (HK City University, National University of Singapore) and leading venture capital funds (Artesian, LeverVC, Tamkeen, EDB) have all conducted programs with Brinc. In 2021, Brinc launched a series of venture capital funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to co-op opportunities. -Series A+ investment.

Ryan H. Bowman