Accel India selected 14 startups for Atoms programme
Accel, one of India’s premier venture capital companies, selected 14 entrepreneurs (including Material Depot, a Hyderabad-based start-up) as part of the inaugural cohort of its Atoms programme, which will begin in 2021. The firms got USD 250K in non-dilutive finance, one-on-one mentorship from seasoned entrepreneurs and business leaders, and access to the global Accel network as part of the programme, according to a press statement. The initiative, which was established in October 2021, drew a lot of interest from entrepreneurs all throughout the country. For the 100-day intense programme of learning and mentorship, Accel selected 14 start-ups.
The organisations chosen span a wide spectrum of sectors, from SaaS to cryptocurrency to D2C to hardware. Applications for the next cohort of the Atoms programme are now being accepted.
On atoms.accel.com, early-stage start-ups from around the world may now apply to be a part of the programme. Southeast Asian startups can also apply, according to the press release.
Prayank Swaroop, Partner at Accel India, said, “We received applications from a diverse set of companies, and the sheer range was a testament to the imagination, creativity, and acumen of the entrepreneurs. We are experiencing a surge of great entrepreneurs and amazing ideas. As the leading early-stage investor in the ecosystem, we believe that we need to work with and help entrepreneurs even earlier. Atoms were created exactly for this purpose,” he said. Swaroop said, “In our second cohort, we will also invite applications from South East Asia. I’m eager to see what entrepreneurs build, and excited to support their growth and scaling”, he added.