Accel, a VC (Venture Capital) firm in India, unveiled the new avatar of its Atoms program - Atoms 3.0, which will have two sector-based cohorts - Artificial Intelligence (AI), and Industry 5.0. Each cohort will consist of a small number of companies, with its own duration and methodology for helping them to prepare for success.
The firm has claimed that the redesigned Atoms 3.0 program will offer personalised learning, sector-specific mentors, and up to $500,000 seed investment for each selected start-up. Additionally, these cohort start-ups will get access to Accel's growing global community.
According to a company statement, Atoms is constantly evolving and looking to improve the program for founders. With this new approach, the program aims to foster a community of like-minded founders in the same domain who can collaborate and help each other succeed.
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Over two cohorts, Atoms has invested in 24 start-ups ranging from SaaS (Software-as-a-Service), B2B (Business-to-Business) marketplaces, Web3, D2C (Direct-to-Consumer), hardware, health & wellness, to hardware and e-commerce. Since joining the Atoms program, these start-ups have further raised over $160mn, with Accel leading or participating in follow on rounds, the statement added.
Talking about the programme, Prayank Swaroop, Partner at Accel said, “Accel strives to partner with companies at the very early stages to support them in becoming successful. Zero-to-one is the most challenging journey for an entrepreneur, as it sets the foundation for the business - that is what Atoms 3.0 hopes to accomplish for our founders. Based on feedback from our founders in cohorts 1 and cohort 2 - we launched Atoms 3.0 as a thematic cohort program. The idea is companies targeting a similar industry and at a similar stage of evolution get to learn from each other a lot. 'Perpetual Beta' is the game's name with Atoms - we hope to further improve the Atoms program in the future, thematic cohorts are our own PMF experiments in startup building.”
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