Mumbai based startup accelerator GenNext Innovation Hub -- a joint initiative of Reliance Industries and Microsoft Ventures -- has announced the graduation of 11 technology startups from its accelerator programme.
The startups that graduated include: Health Vectors, a predictive healthcare analytics company; AxleRate, a passenger safety and engagement platform; LogiNext, a last mile logistics solution provider; Tootle, an event discovery and engagement social media platform; Flexiguru, a personalised education content curation platform; Oztern, an adaptive entrance test preparation platform; Fropcorn, a proprietary location content distribution company; CarIQ, a connected car platform; Coitor, a virtual trial room platform; Interview Mocha, a pre testing skill assessment company; Light, the world’s first answering engine, that was launched during the event.
The event, held in Mumbai, saw the startups showcase their businesses to more than 200 venture capitalists, influencers, corporate customers, mentors and leaders.
The GenNext Innovation Hub enables entrepreneurs to build their companies through a four-month-long programme. Those selected gain access to business mentors, technical and design experts, and plug-and-play office space. They are also exposed to resources that help them apply their skills to working jointly with businesses and technologies.
"We firmly believe that a thriving startup ecosystem in India can contribute immensely to the country. In line with our commitment to India’s accelerated growth, we are committed to supporting the development of this ecosystem through Microsoft Ventures and its partners. We are delighted to see the strides made by this batch of startups, and with GenNext, we hope to continue to replicate the success in the future," Bhaskar Pramanik, Chairman, Microsoft India, said.
GenNext Innovation Hub has opened applications for the second batch to commence in June 2015.