Startup In­dia launches academia al­liance pro­gramme

BioSpectrum (India) - - START-UP NEWS -

Startup In­dia has launched Startup Academia Al­liance Pro­gramme for aca­demic schol­ars and star­tups, aimed at bridg­ing sci­en­tific re­search and its in­dus­trial ap­pli­ca­tions gap, and in­crease the ef­fi­cacy of tech­nolo­gies for wide im­pact. The Startup Academia Al­liance pro­gramme by Startup In­dia aims to ful­fill the gov­ern­ment’s mis­sion to pro­mote the spirit of en­trepreneur­ship in the coun­try. It fo­cuses on sim­pli­fi­ca­tion, han­dling, fund­ing sup­port, in­cen­tives, in­dus­try-academia part­ner­ship, and in­cu­ba­tion for star­tups. The pro­gramme is be­ing or­gan­ised in part­ner­ship with The Re­gional Cen­tre for Biotech­nol­ogy, The En­ergy and Re­sources In­sti­tute (TERI), The Coun­cil on En­ergy, En­vi­ron­ment and Wa­ter, and The TERI School of Ad­vanced Stud­ies. Startup Academia Al­liance fur­ther strives to cre­ate last­ing con­nec­tions be­tween the stake­hold­ers of the startup ecosys­tem and im­ple­ment the third pil­lar on which the Startup In­dia Ac­tion Plan is based — In­dus­try Academia Part­ner­ships and In­cu­ba­tion. Health and fit­ness startup Cur­e­Fit is look­ing to ag­gres­sively ex­pand its CultFit fit­ness cen­tres to at least 500 by 2020 and over 200 by next year-end, sup­ported by $120 mil­lion funds raised re­cently.

The two-year-old startup cur­rently has 60 CultFit out­lets across three cities of Ben­galuru, Gur­gaon/ Delhi and Hyderabad with over 100,000 cus­tomers. The firm is cur­rently re­port­ing a run rate of about Rs 25 crore a month. The startup has so far raised around $160 mil­lion and only less than 20 per cent of the funds were utilised so far. The bal­ance funds will be spent over the next few years to­wards de­vel­op­ing fit­ness de­vices and tech­nol­ogy plat­form, apart from ex­pand­ing the foot­print. The startup has last month raised $120 mil­lion in its se­ries C round of fund­ing led by IDG Ven­tures,

Ac­cel Part­ners and Kalaari Cap­i­tal with par­tic­i­pa­tion from Chi­ratae Ven­tures and Oak­tree Cap­i­tal.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.