NIDHI – Accelerator
The NIDHI Accelerator Programme is positioned as a post incubation initiative to fast track the growth of potential startups through rigorous mentoring and networking support in a short span of time through existing TBIs. NIDHI Accelerator Programme, usually delivered as a 3 to 6 month fast-track structured program, is designed to help startups who have achieved substantial progress in terms of market validation and deemed ready to scale up.
The Accelerators can be used to boost the Incubator’s existing activities – to build and attract high quality startups – and have a customer centric validation model which enhances investment readiness as well as worthiness.
Accelerators employ a “fail fast” approach i.e. ideas or prototypes unable to generate traction are abandoned (or modified) quickly, allowing founders to redeploy resources to other projects or even new companies at a rapid pace.
Two broad types of Accelerator Programs are supported by NSTEDB under this scheme:
The Programme ends on a special demo-day with curated Startups pitching before investors.
Objectives of NIDHI – Accelerator
To fast track the growth of potential start ups through rigorous mentoring and networking support in a short span through existing TBI.
To attract subject matter experts, mentors, and angel investors get associated with TBIs through the structured accelerator program.
To build a vibrant startup ecosystem, by establishing a network between academia, financial institutions, industries and other institutions.
To act as a hub for several incubators in the region, so that high-potential startups can be fast-tracked for increased exposure and validation.
Accelerators should employ a “fail fast” mentality: ideas or prototypes that are not getting traction should be abandoned (or modified) quickly, allowing founders to redeploy resources to other projects or even new companies at a rapid pace.