Innocity

Accelerating Social and Environmental Impact Startups in Bharat

Innocity

Accelerating Social and Environmental Impact Startups in Bharat

About Innocity

IIMA Ventures has been working towards building “Tomorrow’s Startup Capitals” in the underserved regions of India, focusing on tier-2 and tier-3 cities in states like Gujarat, Rajasthan, MP and Assam. One of the gaps that has been seen in these geographies is the lack of a comprehensive ecosystem in tier-2 and tier-3 cities with effective interactions and transactions between the local innovators/entrepreneurs and the local HNIs / angel networks. The proposed initiative aims at sourcing ideas from Bharat and providing them a conducive environment to thrive and help build the local entrepreneurial ecosystem. The program intends to support 5 startups from Jaipur, Indore, Coimbatore, Mysuru or any other tier 2 / tier 3 city with catalytic funding support of upto Rs 50 lakhs, in addition to mentoring and acceleration support.

Program Objectives

A focused deep engagement with startups to identify gaps & address them, and access to costly financial data.

Catalytic support will bridge the funding gap, technical assistance and business progression will close the knowledge gap, thereby helping elevate their capacity, leverage a wider range of investors, build quality prototypes; and in-turn grow the FinTech innovation and tech-entrepreneurship ecosystem in India.

Capital infusion to change the risk-return profile of innovation or build a prototype.

What We Offer

Funding upto Rs 50 Lakhs in 5 startups.

Pre Investment mentoring support before pitching event to 20 selected startups.

Portfolio management support to 5 selected startups for one year.

Cloud credits worth $5,000 from different service partners

Access to IIMA Ventures network of experts, partners, & early adopters

Focus Areas

Who Should Apply

Startups making social and climate impact

Tier 2 & Tier 3 city startups

Partners

Frequently Asked Questions

The applications are being accepted till 15th Feb, 2024, 11.59 PM. Please note that the deadline will not be extended.

We strongly encourage you to think through and submit only one application for the innovation that you are most focused on building through. If you are submitting two applications for the same innovation, the duplicate application with less context and poorly articulated thoughts will not be taken forward.

It is good that you are working out of mentioned cities but we would fine if you are registered in tier-2 and tier 3 cities of India and can pitch in cities which are mentioned.

Yes, you can apply to this program, irrespective of having received grants or awards and having raised funds.Startup who have already beyond Pre Series A should not apply as its beyond its stage. Pre Seed stage startup would be preferred choice of the pitching event.

​We are looking for startups with a strong founding team, unique and innovative solution, alignment to the sector, and the potential of the business to scale.

For any query, general or technical, write to us at vaibhav@iima.ac.

The pitch event dates for Innocity are as follows: 24th February: Indore 2nd March: Mysuru 9th March: Jaipur 16th March: Coimbatore