BENGALURU, India | 18th February 2021: India’s technology business incubator GINSERV launched Gincelerator 2.0 with 18 Startups. Inaugurating the midlevel health tech, medtech and edtech Startups’ take-off stage programme, Director of Department of Electronics, IT & BT and Managing Director of KITS Meena Nagaraj said, “Karnataka government’s policies are aimed at giving access to deep technology. Karnataka makes it happen and that is why 7 unicorns were born during difficult period of COVID-19  pandemic.” (A unicorn is a term used in venture capital industry to describe a privately held Startup company with a value of over $ 1 billion).

Founders and CEOs of 18 Startups, who are getting the benefit of Gincelerator 2.0 at the launch of accelerator programme of Ginserv, with Girish Hiremath, COO, GINSERV; PKB Menon, Managing Director, GINSERV; C G Betsurmath Chairman, GINSERV; Meena Nagaraj, Director, Department of Electronics, IT & BT, Managing Director, KITS Government of Karnataka; Kapil Khandelwal, Managing Partner, Toro Finserv LLP; Director, EquNev Capital Private Limited; S Puttasubbappa, Director GINSERV and H R Mahadevaswamy, Joint Director – Technical Education JSS MVP.

“Karnataka is the first state to formulate engineering research and development policy, and this is because of our innovative ways of making policies to encourage innovation. Bangalore is number-one tech city with 8.5% growth while international average is 6.2%,” Meena Nagaraj explained.

Kapil Khandelwal, a well-known investor in health tech companies, was the keynote speaker on healthcare investment. “Healthcare is impactful and during the pandemic, $150 mission funding was raised for the Statrups,” he revealed. “We are biotech power house and Karnataka is most attaractive investment destination,” said Khandelwal, who is managing partner in Toro Finserv LLP and Director in EquNev Capital Private Limited.

One usually attributes Startups with youngsters and their ideas. But SK Dixit, who is just short of 60 years and he is a Startup founder and CEO of wearable diagnostic devices company. His innovation – wearable ECG device- Heartwear is in the market.

Gincelerator 2.0 will nurture 18 Startups from all over India, even though majority of them are from Bangalore. The accelerator program has been designed with the support of National Science Technology Entrepreneurship Development Board (NSTEDB) and Department of Science and Technology (DST), Government of India. Each of the 18 startups will be eligible for Startup Kit worth INR 25 Lakh. As many as 100 startups had submitted applications of which 18 were selected based on various parameters.

Girish Hiremath, COO, GINSERV, said, “GINCELERATOR 2.0 is conceived to accelerate the growth and scale of Tech start-ups sustainably stronger and faster by providing access to mentors, industry experts, investors, and pilot access to potential customers. GINSERV being part the Mysuru-based JSS Group Institutions with its strong presence in Education, Medical and Healthcare space, can unlock huge opportunities for the Tech Start-ups form these sectors.”

18 Startups in Gincelerator 2.0 programme

ApoMind IncAhmedabadEducation TechnologyPR
Studustry Learning Pvt LtdAurangabadEducation TechnologyMVP
Arivu Learning Pvt LtdBangaloreEducation TechnologyPR
Spenroit Technologies Pvt. Ltd.BangaloreEducation TechnologyPR
House of Brilliance Ventures LLPGuwahatiEducation TechnologyMVP
Snehix Tech Private LimitedBangaloreEducation TechnologyMVP
vCura Wellness Solutions (P) LtdAhmedabadHealth TechnologyPR
Velectron Labs Pvt. LtdBangaloreHealth TechnologyMVP
Suchandra Technologies Private LimitedBangaloreHealth TechnologyMVP
BirthVenue Growth Solutions Private LimitedFaridabadHealth TechnologyPR
LambdaBlocksHyderabadHealth TechnologyPR
EskinDoctor Healthtech Private LimitedMUMBAIHealth TechnologyMVP
Nesa Medtech Pvt LtdBangaloreMedical Technology (Device)MVP
Essen Shimmer Medical TechnologiesBangaloreMedical Technology (Device)MVP
Carbon Hubs Private LimitedBangaloreMedical Technology (Device)PR
Nautilus Hearing Solutions Pvt .Ltd.HubliMedical Technology (Device)PR
Orca MedBangaloreMedical Technology (Device)MVP
SIAMAF HealthcareBangaloreMedical Technology (Device)MVP

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