One of many key options of the fellowship is the financial grant of $20,000 (Rs 15 lakh) that’s given to the fellows equity-free. The grant is the biggest of its form for college kids in India. Fellows can use the grant to scale their startup thought and even repay their pupil loans ought to they select to pursue entrepreneurship full-time.
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By means of the fellowship, college students additionally achieve entry to a hands-on program, facilitated by area consultants and founders, spanning thought validation, consumer analysis, product, engineering and advertising and marketing. Fellows may also be capable of leverage the peer-community to community and brainstorm as they construct on their concepts.
After the 16 weeks programme, fellows will get a possibility to lift pre-seed funding from Antler India and can obtain help in elevating subsequent funding rounds thereon.
“We spoke to a whole bunch of faculty college students previously 12 months and realized the immense potential of pupil entrepreneurs that’s but to be unlocked. Indian college students wish to begin up however find yourself not pursuing their concepts due to the shortage of steering and mentorship. They typically require extra 1-1 customized steering that video programs or classroom studying fail to offer,” mentioned Nandini Vishwanath, program director, Antler India.
“Capital constraints and peer and parental strain to pursue the extra secure route of placements and jobs withhold college students from pursuing their entrepreneurial pursuits. Accessibility is proscribed for college kids from atypical founder backgrounds corresponding to liberal arts or commerce. Our program is designed to resolve all these limitations and facilitate a platform for college kids to construct on their thought and convert it right into a startup.”
The fellowship will not be restricted solely to pupil founders who’ve working prototypes of their thought or a product with traction. College students who’ve a robust thought are additionally inspired to use. The pan-India program is open to college students from any college. Moreover, college students who’ve deferred placements to actively work on a startup thought are inspired to use.
“We do not simply wish to allow present founders however create new founders. In a number of western international locations the share of pupil founders is far increased than in India. We wish to change this. We imagine it is the scholars of at present who will construct to handle among the hardest issues affecting us within the areas of local weather change, unlocking human potential, power effectivity and upcoming areas corresponding to metaverse, blockchain and web3,” mentioned Rajiv Srivatsa, accomplice, Antler India.