November 27, 2020

startups: Provide Chain Labs declares SCL Accelerator 2020 program for startups

Provide Chain Labs, an initiative by funding agency Lumis Companions on Thursday, introduced the 2020 version of the SCL accelerator program with the purpose to handhold and fund startups, and work in direction of attaining the federal government’s goal to extend nation’s share within the international provide chain. This system is recognised by ‘Startup India’.

The six-month program, designed to make early-to-growth stage startups scale-ready, supplies them with an preliminary funding of Rs 25 lakh per startup and as much as Rs 3.5 crore to a couple chosen startups, and likewise mentoring and entry to company clients with whom they collaborate to unravel complicated giant scale issues of the business.

Ashutosh Mayank, Managing Accomplice, Provide Chain Labs, mentioned in an announcement, “Our purpose is to help a era of latest age entrepreneurs, make them extra self-reliant (Atmanirbhar), and increase our ‘Make in India’ initiative for attaining indigenous financial development.”

Via its program ‘Provide Chain Labs Accelerator 2020’, SCL will nurture and spend money on high-potential startups engaged in disrupting provide chain, warehousing and logistics.

Startups additionally get credit from companions like FreshDesk, RazorPay and AWS. Within the final version, concluded in Feb ’20, SCL chosen 9 provide chain startups out of greater than 600.

Prajakt Raut, Managing Accomplice, Provide Chain Labs, mentioned in an announcement, “As firms and nations scramble to construct resilience of their operations for the publish Covid-19 world, they should pilot and undertake a number of progressive options. The options will should be fast to deploy, and extra importantly, versatile to permit corporations to regulate their processes because the market dynamics change. This represents a major alternative for startups and builders and our accelerator program is designed to assist startups shortly develop into enterprise-grade and scale-ready.”