FIITJEE Accelerator Program Empowering Early-Stage Startups

India, 13, April 2023: FIITJEE, a leading education institution in India, launched the first cohort of its Accelerator Program in the latter half of 2022. The program invited startups from EdTech, HealthTech, and Social Impact Sectors (with DeepTech applications), offering them a structured mentoring program. FIITJEE Group evaluated the suitability of the startups for funding and business synergy.

The program generated an enthusiastic response with close to 150 startups participating. After initial screening, 60 startups were shortlisted for the first round of interactions and mentoring. A final list of 16 was shortlisted for intensive mentoring by a panel of 4 mentors appointed by FIITJEE. Out of these 16 startups, 8 were further shortlisted to present at the Demo Day which included –

• Witblox – an online hangout place for K-12 students who love to build Robots, Drones, or do anything related to technology;
• Arivu Learning (myPal) – a hybrid B2B Education Platform where TestPrep Courses are delivered via Live-Interactive platform;
• K8 School – India’s only online school for Nursery-Grade 8, accredited by Cognia;
• Stimuler – helps improve speech in English using AI voice engines by improving the speaking skills of participants;
• Shakti – India’s first woman safety-defensible accessory;
• PerceptionAI – developing tech to help visually impaired navigate independently;
• Ajna Lens (Dimension NXG) – an Education Platform making learning
  Interesting Immersive Hands-on; and
• Exam Lounge – a platform uniquely analysing students by their learning behaviour, pace, level, and AI

Commenting on the Demo Day, Mr. D K Goel, Chairman, of FIITJEE Group, said, “In recent times, India has emerged as one of the leading players in the global startup space, acting as a magnet for top VCs and global investors. We created the FIITJEE Accelerator Program to play our part in helping the startup community. The program saw an enthusiastic response by startups from all over India. We mentored the shortlisted startups to help them solve problems at scale. The Demo Day provided the shortlisted startups a great opportunity to bring their ventures in front of a wide spectrum of investors. We hope to support many more startups in our future cohorts”.

The Demo Day was graced by the presence of Mr. Saurabh Srivastava, Chairman – of Indian Angel Network and Co-Founder, of NASSCOM as the Chief Guest and Mr. D K Goel, Chairman of FIITJEE Group, along with multiple early-stage and angel investors – Indian Angel Network, Venture Catalyst, i4 Angels, Caspian, Capfort VC, among others.

Mr. Saurabh Srivastava, the Chief Guest at the Demo Day said – “The FIITJEE Accelerator Program has curated a very impressive cohort of startups who show immense potential. I am impressed with the clarity and use of innovation by these young founders to solve problems most important for India. I will look forward to the journey of these startups and wish FIITJEE the best for their future cohorts.”.