At the recently celebrated 90 years of Essel Group, company Chairman Subhash Chandra had launched the Subhash Chandra Foundation, to which he pledged Rs 5,000 crore. Today, the Foundation announced the launch of the ‘Esselerator’ program, which is aimed to identify and mentor entrepreneurs. Also Read - Indian govt reintroduces Digital Personal Data Protection draft bill, could allow some cross-border data transfer
The program has been launched to identify and mentor entrepreneurs across startups in the fields of Media and Entertainment, MediaTech and EduTech. Also Read - Apple to employ 60,000 people in India, ramps up manufacturing capabilities near Bengaluru
The program will allow early and growth stage startups to apply into the program and go through a selection process through a panel of experts. Startups involved in IoT, Artificial Intelligence (AI) and Machine Learning (ML), Cognitive Computing, Virtual/ Augmented Reality, Blockchain, etc. and willing to look at business opportunities in the media & entertainment or education space, can also apply. Also Read - Mobile gaming advertisers witness 2x growth YoY in India: Report
The first round of applicants will be shortlisted through their online applications. The second round will include interviews with the accepted applicants which will be jointly conducted by Esselerator & TiE Mumbai.
“Essel Group’s journey of 90 years has been marked by a series of milestones, which have been driven by a pioneering vision and an undying entrepreneurial spirit. As we move ahead in this journey, our aim is to carry forward the entrepreneurial legacy of the Group and with this objective in mind, we had launched the Subhash Chandra Foundation earlier this year to help budding entrepreneurs and educationists, by not just providing them with funds but by creating a chain model,” says Chandra.
The program aims to give the founding teams access to Essel resources, networks and platforms. The selected teams will be mentored by the eminent leadership of Essel Group including Subhash Chandra, the Chief Mentor, Punit Goenka, MD & CEO, ZEEL and Amit Goenka, CEO – International Broadcast Business, ZEEL, and senior management of Essel Group, along with Industry experts from different fields.