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GINSERV Launches Gincelerator 2.0 with 18 Startups

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 Inc

Ahmedabad

Education Technology

PR

Studustry Learning Pvt Ltd

Aurangabad

Education Technology

MVP

Arivu Learning Pvt Ltd

Bangalore

Education Technology

PR

Spenroit Technologies Pvt. Ltd.

Bangalore

Education Technology

PR

House of Brilliance Ventures LLP

Guwahati

Education Technology

MVP

Snehix Tech Private Limited

Bangalore

Education Technology

MVP

vCura Wellness Solutions (P) Ltd

Ahmedabad

Health Technology

PR

Velectron Labs Pvt. Ltd

Bangalore

Health Technology

MVP

Suchandra Technologies Private Limited

Bangalore

Health Technology

MVP

BirthVenue Growth Solutions Private Limited

Faridabad

Health Technology

PR

LambdaBlocks

Hyderabad

Health Technology

PR

EskinDoctor Healthtech Private Limited

MUMBAI

Health Technology

MVP

Nesa Medtech Pvt Ltd

Bangalore

Medical Technology (Device)

MVP

Essen Shimmer Medical Technologies

Bangalore

Medical Technology (Device)

MVP

Carbon Hubs Private Limited

Bangalore

Medical Technology (Device)

PR

Nautilus Hearing Solutions Pvt .Ltd.

Hubli

Medical Technology (Device)

PR

Orca Med

Bangalore

Medical Technology (Device)

MVP

SIAMAF Healthcare

Bangalore

Medical Technology (Device)

MVP