- Bloq Quantum, Medront Datalabs, and Telkes Technologies are announced as the winners of IPV Ideaschool Batch 1.0.
- Each winning startup receives seed funding of ₹80 Lakhs.
- Ideaschool, launched in January 2024, garnered over 1,000 applications from startups.
- Ideaschool Batch 2.0 is set to launch on 1st August 2024.
July 11, 2024, Delhi: Inflection Point Ventures, a leading angel investment platform, has revealed the winners of its first-ever early-stage accelerator program, IPV Ideaschool Batch 1.0. The victorious startups, Bloq Quantum, Medront Datalabs, and Telkes Technologies, each received seed funding of ₹80 lakhs.
This six-week nationwide program was crafted to transform early-stage startups from concept to Minimum Viable Product (MVP). The program commenced with over 1000 applications, narrowed down through a rigorous multi-level selection process to the top 15 ideas. The journey featured intensive masterclasses, bootcamps, and mentorship sessions led by industry experts, with applications showcasing innovative solutions across various sectors.
The top 15 finalists had the chance to pitch to a distinguished jury of reputed CXOs, including Sukhmani Bedi, Partner at Orios Venture Partners; Jaideep Singh Kalra, Director and Head of Business Banking at HSBC; Karan Kumar, Business Development Manager at AWS; Vinay Bansal, Founder and CEO of Inflection Point Ventures; and Vikram Ramasubramanian, Partner at Inflection Point Ventures. The selection process culminated in three startups being awarded funding for their unique ideas, which had not previously been funded on the IPV platform.
Congratulating the winners, Mitesh Shah, Co-Founder of Inflection Point Ventures, said, “The IPV Ideaschool accelerator program was initiated to support, nurture, and mentor sustainable and innovative startups that are developing technologies for large-scale use cases but need guidance to achieve the MVP stage. We’ve received applications from metros to tier 2 towns like Vijayawada, Samastipur, Kollam, Kangra, and Jhalrapatan. This confirms our belief that innovation is not restricted to key startup hubs; next-gen founders are emerging from small pockets across the country.”
The winning startups include:
- Bloq Quantum, founded by Sreekuttan LS, is revolutionizing quantum computing with AI-enabled collaborative solutions for quantum data and algorithm pipelines.
- Medront Datalabs, founded by Nitesh Singh, offers a secure Data Pods & Consent Platform that provides users control over personal data and enables secure data exchange with D2C brands.
- Telkes Technologies (My Pickup), founded by Abhijeet Jagtap, provides subscription-based electric auto-rickshaw services for daily commutes to office goers and school children, aiming to transform urban transportation.
Abhijeet Dattatraya Jagtap, Founder & CEO of Telkes Technologies, remarked, “The accelerator program gives us a significant advantage over other startups. We’ve not only secured initial funding but also gained access to IPV’s extensive ecosystem, which includes VC connections, infrastructure support, strategic partnerships, and expert mentorship. The Ideaschool program effectively filters out ideas from domain-agnostic startups with minimal traction but proven POCs, fast-tracking them to be VC fund-ready. This comprehensive support helps us scale our businesses rapidly and effectively, ensuring our ability to raise institutional rounds.”
Following the success of Batch 1.0, IPV is thrilled to announce the launch of IPV Ideaschool Batch 2.0, starting on August 1, 2024. This upcoming cohort promises to be even more impactful, providing early-stage startups with unparalleled opportunities to refine their business models, gain industry insights, and secure critical funding.
Aspiring startups can apply for Batch 2 from August 1 to August 20, 2024. The program structure aims to be robust, focusing on nurturing innovative ideas and preparing startups for real-world challenges.
Submitted by PR Agency
