The Axilor Accelerator program is simply one of the fastest ways to get funded. You will get there by figuring out if you are working on something people want, build products users love and show early traction (both usage and revenues).
Startups that meet the investment goals get funding of upto Rs.25 lacs*.
Also, read ‘What happens in the Accelerator Program’?
* on successful completion of the scale-up program requirements
The Axilor Accelerator Program runs twice a year; March and September. The startups are selected on a rolling basis and the applications are accepted throughout the year.
Grittiness and passion is what we look for in the founding teams during the early stages of their business. Majority of the founders who have been selected into the program were almost 6 months into their business and with a product and early adoption metrics in place. We also invite later stage companies working on a specific idea and wanting to revisit their business model to apply and finetune their solution
We are looking for companies and founders who come in with a tech-led solution for real world problems. We support ideas in the space of
We look for differentiated and scalable solutions in each of these spaces. We also look for deep tech solutions built using Artificial intelligence, Machine learning and NLP with applications in both consumer and enterprise space
Check our medium blog for more details.
A successful application is the one where founders are able to express their answers clearly and have the ability to stand out from the crowd. Axilor receives hundreds of applications and the application has to make it visible by being clear, concise and direct to point.
Successful applications have two things in common. One, the founders have some proprietary insight(s) about the startup idea. Second, they have solved some tough problems before and have smartly overcome challenges. Successful applications also have more evidence than promise!
A lot – and most of what happens is aimed at accelerating progress, helping startups build products their users will love and make them investible faster. Most startups get funded at the successful completion of the program.
As part of the program, startups get dedicated access to experts and other entrepreneurs to help you achieve your milestones. Besides directly helping the startups achieve their goals, the Accelerator Program comes with a host of benefits. These include differentiated partner benefits from AWS, Google, Microsoft and Facebook accruing upto over $200K in worth and come with much needed expertise!
You also get access to special (and otherwise expensive!) tools for market validation, prototyping and testing. You get free membership of Tracxn database to help you network and learn more about your competition.
We also bring in Market access for our startups through our partnerships with companies like Tally, Mindtree, Unitus and other select partners. Not to mention working among entrepreneurs like you in one of the best startup campuses in the country. One last thing, visibility always helps – we also help our startups become more visible.
Yes – simply because we have more time. Hence, we invite the select early applicants over for an initial chat. This improves the chances of selection for startups.
We invest at the end of the program. At the accelerator stage, Axilor does not take any equity in the startups (we actually give a small grant of upto Rs.50,000 to help you set up!). However, on achieving certain milestones, the startups can get seed funding as part of our Scale-Up Program. In this, we offer INR 25 lakhs in funding in exchange for a small minority stake in the company. Sometimes, this happens even before the 100 days get over.