Ashish Bhatia, Founder and CEO, India Accelerator said, in a statement, “As the global startups market continues to advance, we will continue to explore better markets for Indian startups to make a mark. Silicon Valley is dominated by tech talent and our strategic partnership with Z Nation Lab to enter the market opens a new growth avenue for Indian startups and exhibits extensive business support to innovate, gain agility and acquire international market.”
With the strategic expansion to the US market, India Accelerator will enable Indian startups to break geographical barriers and set their foot in the Western market. Indian SaaS startups can build products for global enterprise clients, not be restricted just to India.
“Since we started, we’ve always envisioned a venture that nurtures the startup ecosystem and contributes towards its growth story. We are excited for our alliance with India Accelerator and we look forward to Indian startups attaining a competitive edge in the Silicon Valley,” said Amit Jain, Founder, Z Nation Lab.
As part of the expansion, IA has planned 3 months of cohort program in India and go-to market support from the USA. Startups that are ready to scale and expand their presence in the USA will be shortlisted for the program. Additionally, IA & ZNL will invest up to $150k in those startups and also connect them to its investor network to help them raise at least $1M so as to build a disruptive business.
IA has more than 200 startups in its portfolio and invests about 100K to a million dollars in each startup after the seed round. Recently, the accelerator also announced its expansion to Dubai and launched an iAccel Gulf Business Incubator (iAccel GBI) under Dubai SME. It is also eyeing Saudi Arabia and Mauritius to augment its expansion spree.
