tech2 News Staff Jan 11, 2016 13:44 PM IST
Startups Club has announced the kick-off of their year-long event, Demo Day 2016 in Bangalore. Demo Day 2016 will take place across 10 cities and provide early stage startups with the opportunity to attend boot camps, meet investors, secure funding and win prize money.
The 4th edition of Demo Day will be hosted in Bangalore, Chennai, Hyderabad, Coimbatore, Mumbai, Delhi, Pune, Kochi, Ahmedabad and Vizag. Each city will have local startups presenting their ideas and one winner from each city will win prize money of Rs.1 lakh. These top 10 winners will then participate in the Chennai finale in December 2016, where they will present their ideas to a prestigious panel of Investors, Mentors & Entrepreneurs. The national winner will be awarded with a Grand Finale Prize of Rs.5 lakh plus many tools as support system.
Indian startups are attracting more funding in early stages than ever before. In the first nine months of 2015, around $1.4 billion in early stage investments—the highest ever for the country—has been pumped into startups, according to data from Venture Intelligence, a research firm. Last year, 304 deals saw a total funding of $1.2 billion.
“Demo Day is a platform for a cherry-picked set of startups to pitch to a set of investors to possibly raise funds. Demo Day 2016 promises to be bigger and better, covering 10 cities across India, with over 1500 attendees across locations and participation from around 100 startups. We are confident that early-stage startups will leverage the platform to take their ideas to a larger audience and create a compelling value proposition,” said Salma Moosa, Core Organizer, Startups Club.
A pan-India hunt for startups, Demo Day simplifies the process of meeting with investors one on one, to pitch ideas directly, get validated and get funded. For participants it is a platform for sharing ideas, networking with industry veterans and reaching potential Seed and Angel investors. Visitors can listen to the thought leaders of the ecosystem, network with entrepreneurs and observe the trends in the startups world.
Startups Club is present across Bangalore, Chennai, Coimbatore, Hyderabad and Mumbai, with Ahmedabad, Cochin, Delhi, Pune, Vizag & Dublin (Ireland) just launched. They organise startup meetups across the 11 cities regularly. As a part of the meetup, they discuss various topics that are relevant to startups and encourage discussions amongst members based on their experiences.