iAccelerator works with brilliant entrepreneurs to establish well run, technically excellent, profitable technology companies in India. We use our experience setting up companies, our business network and & money to ensure that companies working with us are well formed and & have access to the people and & information they need to be successful.
We invest 1 - 5 Lakh in participating companies, & the founding teams are required to live & work near our location in Bangalore from December 1, 2009 through April 1, 2010. We typically ask for 5 – 10% of equity in return for our investment.
Committed individuals with strong technology skills and clear ideas about how to use the internet or mobile technology to solve people’s problems & earn money are encouraged to apply.
iAaccelerator is an initiative by Center for Innovation Incubation & Entrepreneurship (ciieindia.org) at IIM Ahmedabad. The 2009 Winter Edition shall be run jointly by CIIE & UpStart.in, a micro-venture fund based in Silicon Valley.
Visit iAccelerator.org to find out more about the application process.
Official Website: http://iaccelerator.org
Added by aditigupta on July 31, 2009