In an effort to promote entrepreneurship at the university level, the global venture capital firm, Antler’s India branch, has launched the Antler India Fellowship, which provides अनुदान 20,000 grants to the brightest students in the country.
18 November 2021 | India: Antler India has announced the launch of the Antler India Fellowship, a 16-week program with a 20,000 grant designed to enable students to turn their startup ideas into a business. The Fellowship aims to drive the growing entrepreneurial talent in Indian colleges and universities by providing a platform for experimentation, construction and scaling with the help of equity-free capital, mentoring and peer networks. By focusing on promoting entrepreneurship as a viable career option for students, it promotes ideas at an early stage.
Says Nandini Vishwanath, Program Director, Antler India – “Over the past year, we’ve talked to hundreds of college students and made them aware of the tremendous potential of student entrepreneurs that has yet to be unlocked. Indian students want to start but due to lack of guidance and guidance they do not pursue their ideas. They often need 1-1 personalized guidance that fails to provide a video course or classroom learning. Furthermore, lack of capital and pressure from peers and parents to pursue a more stable path to placement and jobs prevent students from pursuing their entrepreneurial interests. We also noticed that accessibility is limited for students with unusual founding backgrounds, such as liberal arts or commerce. Our program is designed to address all of these barriers and facilitate a platform for students to create their ideas and convert them into startups.
One of the key features of the fellowship is the अनुदान 20,000 (R INR 15 million) financial grant that is given to the fellows equity-free. This is the largest grant for students in India. Fellows can use grants to scale their startup ideas or pay off their student loans if they choose full-time entrepreneurship. Through fellowships, students also gain access to hands-on programs such as Easy, Idea Authentication, User Research, Production, Engineering, and Marketing by domain experts and founders. Peers will be able to take advantage of the peer community to network and brainstorm based on their ideas.
After the 16-week event, Fellowa Antler India is offered the opportunity to raise pre-seed funding and support for subsequent funding rounds.
Rajiv Shrivats, partner, adds Antler India“We don’t just want to enable existing founders, we want to create new founders. In many western countries, the percentage of student founders is much higher than in India. We want to change that. We believe that today’s students will be prepared to face some of the toughest issues affecting us in the upcoming space, such as climate change, human capacity, energy efficiency and metavers, blockchain and web3. We are building the largest platform in India for students who want to build great companies – and we want to support thousands of student founders through our program over the next decade. “
Fellowships are not limited to student founders who have a product with a prototype or traction of their ideas. Students with strong ideas are also encouraged to apply. The All India program is open to students from any university. In addition, students who have pushed placements to actively work on a startup idea are encouraged to apply.
Earlier this year, global start-up VC firm Antler announced a full launch in India. Antler is the fastest growing VC firm in the world and plans to deploy $ 100M in 100+ Indian startups over the next 3 years.
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