Bengaluru (Karnataka) [India], Nov 21 (ANI): Launching its sixth iteration programme, GSF Accelerator on Tuesday announced that it will invest USD 1M in tech startups.
The firm will be investing 200K each in five tech startups. Additionally, GSF will further invest USD one million as co-investments in seed/series A rounds, at the end of the program.
GSF Accelerator is looking for innovative tech startups using frontier technologies like ML&AI, block-chain, sharing economy, etc. to solve significant problems in the areas of healthcare, fin-tech, ed-tech, media-tech, B2B SaaS and analytics.
The selected tech startups will not only get an unparalleled access to the Indian tech community with hands-on mentorship from India's leading tech founders but will also get access to GSF's global community of over 300 mentors and startup founders.
Moreover, the selected startups will spend the first three months in Bangalore to refine their products, followed by trips to San Francisco, Tokyo, and China for a deep immersion in the global tech ecosystem.
"GSF 6 is designed as a life transformational experience for the five selected startups with program spanning Bangalore, SF, Tokyo, and China. Fundamental ethos of GSF has always been for the founders by the founders. Each startup will be assigned a chief mentor from amongst the six founders that have come together this time," he added.
GSF is known for its strong track record of success with its portfolio companies: Little Eye Labs (acquired by Facebook in 2014), SilverPush (funded by IDG Ventures, 500 startups), Zapr (funded by Hotstar, Flipkart and Svaan), HackerEarth (funded by Dice, Beenext, Prime Venture), DocsApp (funded by Bessemer, Rebright and others), and Quiziz (funded by Nexus and Prime VP) among others.
The applications close on November 30 and the program will commence in December 2017. (ANI)