Tuesday, July 19, 2011
iAccelerator 2011- accelerating value creation for start-ups
iAccelerator currently in the third year is an incubation program run by CIIE.The program is now accepting application, last date 1st August. Finalist start ups will receive total Rs. 5 Lacs in seed funding from CIIE and/or an angel investor. The start ups will join the bootcamp at CIIE( Ist November 2011 to 30th January 2012) where they will be assisted to develop a working prototype and business model. Demo day which will be held towards the end of the program will give iAccelerator start ups an opportunity to showcase their value to angel investors/ VCs . CIIE would take equity stake in the start-up on mutually agreed terms and sign a term sheet before start of boot camp.