Powerpitch addresses the common issue faced by corporate innovation teams in identifying the best startups/applications for their business case. When a business case is launched on the platform, it is automatically notified to over 1000 curated deep tech startups on the Sanchiconnect platform, as well as an extended database of over 70,000 startups and more than 55 ecosystem partners (incubators and accelerators). This not only saves time and effort but also provides a wider pool of startups to choose from, increasing the likelihood of finding the best fit for corporate needs.
Traditional methods of collecting applications from startups, such as using Excel sheets or Google Forms, can be time-consuming and tedious. However, Powerpitch’s video-first approach enables innovation teams to evaluate startups more efficiently by using video pitches supplemented by customised additional information. This enables enterprises to gain a better understanding of a startup’s vision, team, and business model, leading to improved decision-making.
“We are excited to introduce Powerpitch – an all-in-one video-first platform to help enterprises manage all their open innovation needs. The video-first approach will empower buyers/investors to evaluate propositions more efficiently in significantly less time,” Sunil Shekhawat, CEO of Sanchiconnect said in a statement. “In addition, the company envisions supporting Powerpitch users with the growing ecosystem of Sanchiconnect.”
Powerpitch has already been tested in beta by several enterprises and investors, receiving positive feedback. According to Chirag Gupta, Managing Partner at 8X Ventures, “Powerpitch’s video-first approach to pitching is a refreshing change to the ecosystem. It is a lot more efficient way to understand the product and founder’s vision.”
