On October 19, 2020, GUSEC first pushed its vision to ascend to an atmanirbhar Bharat by pledging to support ten technology startups working with breakthrough technologies like Artificial Intelligence/Machine Learning, Robotics, AR/VR/MR, 3D Printing, UAVs, IoT and Blockchain. Supporting GUSEC for this ingenious initiative were MeitY Startup Hub, the Department of Science & Technology, Government of India; Atal Innovation Mission; the Student Startup & Innovation Policy; the Industries Commissionerate, Government of Gujarat; and the ICICI Bank.
Within the one-month application window that closed on November 18, more than 1000 startups heeded our call to Build for Bharat. 1245 startups, represented by1845 founders & co-founders hailing from 94 cities across the country applied to accelerateBHARAT, our accelerator programme that would offer financial assistance of INR 7 lacs to one startup, INR 4 lacs each to two startups, and INR 1 lac each to 7 startups. The programme shall also provide shortlisted startups with other extended benefits like free cloud credits, access to co-working space, extensive mentorship support & guidance from seasoned entrepreneurship experts, as well as other prototype developing and skill enhancement tools.
Albeit surprised, we were ecstatic to see about 50% of total applications from startups based in tier-2, tier-3, and other smaller cities. It makes us beyond happy to see that the citizens all over the country are doing their part to uplift India through a technological makeover.
For this overwhelming response towards our call to Build a better Bharat, we are immensely grateful to all the startups & innovators who share our vision of a resilient & technologically independent India, as well as all our partners whose tremendous support made it possible for our vision to bring startups from all over the country into its fold.