Introduction:

In its continuous efforts to nurture and propel startups into the realms of success, AIC-NITF recently concluded the third edition of its highly anticipated Startup Acceleration Program, Sanvriddhi 3.0. Let's delve into the comprehensive journey of this 12-week program that aimed to transform promising startups at Pre-Market or Early Traction levels into robust and market-ready ventures.

Program Overview:

Scheduled from September to November 2023, Sanvriddhi 3.0 was meticulously designed to provide participating startups with a strategic outlook towards their business proposals. AIC-NITF partnered with Arthayan as the Knowledge Partner, ensuring pedagogical learning sessions and a robust assessment evaluation methodology. The program aimed to equip startups with foundational entrepreneurial skills, making them not just market-ready but also prepared for the challenges ahead.

Partners:

• State Partner
  1. Startup Odisha
• Knowledge Partner
  1. Arthayan
• Ecosystem Partner
  1. GFI India
• Technology Partner
  1. AWS
  2. Introbot
• Media Partner
  1. MyStartupTV
  2. PropertyBarandTV

Duration:

The 12-week program comprised a series of intensive sessions, workshops, and mentoring, providing startups with a holistic entrepreneurial experience.

Focused Sectors Supported:

A total of 22 startups were selected across diverse sectors, including Agriculture & Allied, Food & Nutrition, Travel & Logistics, Health & Lifestyle, Education, Fintech, and IT & ITES.

Program Structure:

Sanvriddhi 3.0 was structured into four tracks:

1. Track 1: Product Validation
2. Track 2: Business Modelling
3. Track 3: Fundraising
4. Demo Day Pitch Presentation

Knowledge Sessions, Workshops, and Mentoring:

Throughout the program, 22 knowledge sessions, 1 workshop, and 1 mentoring session were conducted. These sessions, led by experienced mentors, provided startups with insights into various aspects of their business, fostering a comprehensive understanding.

Demo Day:

The climax of the program, Demo Day, witnessed presentations from the 22 startups in front of six distinguished investors representing renowned fund houses. The startups were grouped into two panels, presenting their pitches to a jury consisting of:

1. Mr. Sushanto Mitra, Lead Angels
2. Ms. Harshika Paliwal, Faad Network
3. Mr. Aniruddha Jog, Arthayan Ventures
4. Mr. Pranay Mathur, Realtime (RTAF)
5. Mr. Manan Shah, Equanimity Ventures
6. Mr. Sanchit Soni, Chandigarh Angels Network

Graduation Day:

The Graduation Day celebrated the success of the startups, with Mr. Durga Prasad, CEO of AIC-NITF, providing insights into the program's outcomes. Mr. Aniruddha Jog, Founder of Arthayan, shared his experience co-organizing the program, emphasizing the inclusive participation of startups. Ms. Deepshikha Sarkar, Incubation Manager at AIC-Nalanda, concluded the event with heartfelt remarks.

Conclusion:

Sanvriddhi 3.0 marked another milestone in AIC-NITF's journey to empower startups. The program's success was not just in the transformative experiences for the startups but also in the collaborative efforts of partners and the unwavering support from the entrepreneurial ecosystem. As these startups embark on their entrepreneurial journeys, the impact of Sanvriddhi 3.0 will undoubtedly resonate in the startup landscape for years to come.

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