The Founder Institute is the World’s premier pre-seed startup accelerator. The program enables ideation and early-stage entrepreneurs to build their business alongside top local startup experts who are invested in the success of the ventures. We at THE GAIN are thrilled to launch the Bangalore Chapter of Founder Institute.
THE GAIN is the Acceleration Partner for Founder Institute to help early stage startups build a strong foothold in their business and in the ecosystem. This partnership is synergetic to our efforts in evangelizing the startup ecosystem across various stages, ideation, through growth.
The launch event of FI in Bangalore on August 7, 2018 was attended by over 40 ideation and early stage entrepreneurs. Our interactions were enriched by their enthusiasm, zeal and drive to impact societal change.
Mr Amarendra Sahu, Cofounder & CEO, Nestaway Technologies was invited to kick start the program. He engaged the audience in a heartfelt keynote presentation about his journey from ideation to growth and scale of Nestaway. He touched upon various aspects such as inspiration, taking the plunge into entrepreneurship, experimenting business models, and pivots as necessary. Amarendra candidly shared his experiences in pitching to investors, the traits that set good entrepreneurs apart and nuggets of wisdom for scaling high-growth internet based startups. Amarendra’s keynote was broadcasted live on Twitter.
Over the coming sessions, Founder Institute Bangalore Chapter will host many such entrepreneurs, and veteran industry practitioners for talks to share their valuable experience with our aspiring founders.
Several bright-eyed early stage entrepreneurs attended the event to exchange ideas, make fruitful connections with the ecosystem. One of our attendees, Benazir Fateh has recently shifted to Bangalore and is looking for connections to help pursue her entrepreneurial dream. We are keen to work with this crop of startups to acquaint them with the ecosystem, support services and the key resources to sustain their growth and development.
We firmly believe that THE GAIN and other such accelerators in the ecosystem are uniquely poised to impact the ecosystem as we work with validated high-growth business models as well as up and coming ideation entrepreneurs. We are, thus, best suited to influence the next crop of startups and influence the trajectory for maturity of technology in the Industry.
While THE GAIN works with business who are at the cusp of growth, possessing a validated product and sizeable traction, we felt that there was a void in the zeroth stage of entrepreneurship, i.e. ideation.
Programs like Founder Institute fit well in that segment by hand holding ideation entrepreneurs through validation, identifying market opportunity and the first steps of business building.
The founders of THE GAIN have played an integral role of the ecosystem, both as serial entrepreneurs and as facilitators to startups. From our observations, we noticed that it is imperative for entrepreneurs to set a firm foundation for their business. FI, through its intensive program gives entrepreneurs a strong footing to enable them to build high-growth scalable companies.
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