Silicon Road and NUMA launch Mysuru's first startup accelerator, focus on foodtech
Startups joining the programme will see an equity dilution of 5-10 percent in exchange of funding up to Rs 25 lakh and 700,000 Euro worth of perks.
- US-based retail-focused VC Silicon Road has launched an accelerator for foodtech and retail startups in Mysuru, Karnataka.
- The four-month programme will be conducted in association with NUMA, an international innovation hub from France, and will focus on entrepreneurs who do not have the resources to build a sustainable business of their own.
- The programme is being dubbed as an "innovation lifeline" for retailers.
- Also Read: Startup Karnataka: Second to Bay Area, but catching up fastFounded by Sid Mookerji, Founder and former CEO of Software Paradigms (acquired by Cognizant Technologies), Silicon Road is Mysuru's first startup accelerator, and will bring funding, growth, human capital, and industry connects for startups in F&B and retail.