About the Growth Accelerator

India has the largest number of small and medium businesses globally, contributing nearly a trillion dollars to the economy. The sector is expected to contribute over $2 trillion to the Indian economy and create 50 million additional jobs by 2024. Despite the size of the sector, the growth rate of small and medium businesses has remained relatively low. To remedy this, local businesses and small and medium enterprises must transform their processes and shift towards digitization, tech-optimization, and business model innovation to achieve an inorganic, startup-like scale while remaining financially sustainable. Adapting emerging technologies, business process optimization, management tools, frameworks, and processes like lean startup and business modeling can enable small and medium business entrepreneurs to identify growth opportunities and build scale. After the remarkable success of the first cohort, where 10 high-potential businesses went through the Growth Accelerator program (Oct 2023 to Jan 2024) and are now on their way to achieving the next level of scale, IIMA Ventures is launching the second cohort of the program “Growth Accelerator 2024” that promises to act as a springboard for high-potential businesses to achieve exponential growth.