Ashoka University and Indian School of Business (ISB), Hyderabad have teamed up to launch a venture accelerator programme focussed on smart cities in collaboration with Microsoft India, according to a press release.
The accelerator aims to back startups in four sectors, healthcare, education, technology and infrastructure.
The programme, which is open for applicants till December 31, will provide skill-building and mentoring to start-ups, who will be selected on the nature of innovation, scalability and the team background.
Apart from receiving mentorship for four months, the programme will also skill building workshops and investing opportunities.
“The initiative will provide a multidisciplinary approach to the building of smart cities by bringing together liberal arts thinking, management principles and state-of-the-art technology on a common platform to create high impact ventures,” said Pramath Raj Sinha, founder & Trustee, Ashoka University, and founding Dean ISB.
As a partner, Microsoft India will promote this programme through its experience of driving multiple incubator and accelerator programmes in the past and will also provide software and technology support for participating startups.
“We hope that this partnership will help entrepreneurs come up with innovative solutions to address some of the challenges that cities faces today,” said Rajinish Menon, director, Microsoft Ventures.
Ashoka University, a private & non-profit university, offers its students undergraduate and postgraduate programmes in social sciences and fundamental natural sciences.
This is second initiative by Ashoka University. Earlier this year, the business school conducted Smart City contest in collaboration with the Dalmia Bharat Group and NASA Research Park based Singularity University.
Recently, the university raised $7.5 million from six high net worth individuals from outside India.
ISB is a global business school with two campuses in India.
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