Post an intensive campaign of inviting application from business schools in Maharashtra, Young Ideas, have now identified 3 start ups for their first incubation. Chosen from the segment of Education and Sports these start-ups not only address a prevalent issue but are poised to become game changers.
Young Ideas has invested over Rs 1.4 crore, which includes Rs 60 lakhs in Grad Limited, Rs 70 lakhs in PlaySports and Rs 16 lakhs in Acadnion respectively. The incubator is considering 4 new RFPs now for its next incubation round in April 2017 and while the focus on education sector will continue, they are also keen in exploring the healthcare segment.
Commenting on their investment, Gaurav Assomull from Young Ideas said, "The concept of Young Ideas was born from my own experience as an entrepreneur where finding the right platform for our start up - Intergent with my partner Karan Singh was a challenge. Though this financial year we will be executing government projects of over Rs 400 crore pan India, our growth would have been expedited if we had the platforms to raise funding as a start-up in 2012. At Young Ideas, we will not only be providing funds for Grad Limited, PlaySports and Acadnion but will also equip them with mentorship and the right industry connects to kick start and grow their businesses. Each of these ventures addresses not just a concern in education and sports but are also a passion for all those associated with them. We are excited about the game changer that each of these products would be and look forward to the contributions they would make to their respective sectors."