Inflection Point Ventures Launches Accelerator Programme For Early-Stage Start-Ups

Inflection Point Ventures announced the launch of its accelerator programme, IPV Ideaschool batch 1. The 6-week nationwide program has been designed for entrepreneurs who are seeking to take their business from the idea stage to MVP, the start-up investing platform said in a statement.  

Out of the 2000 expected applicants, 100 will be shortlisted for the program initially and 40 of them will then proceed to be an active part of the discussion in the accelerator programme. The start-ups will be evaluated through several rounds across multiple parameters, it further added.  

At the final stage, the programme will culminate in an on-ground event, where the top 15 start-ups will get a chance to showcase their respective business idea to an esteemed jury. The final 5 start-ups emerging from this set stand to bag Rs 80 lakhs as investment and a once-in-a-lifetime opportunity to become part of the IPV portfolio. Applications for this opportunity remain open until January 20th, 2024. 

As part of this initiative, start-ups in the program will receive mentorship in business development from IPV experts. IPV plans to utilise its investors' network, collaborate with ecosystem partners, and engage with other venture capitalists to assist start-ups in accessing necessary infrastructure and securing additional capital. HSBC and AWS have partnered to launch the programme. 

Speaking on the initiative Mitesh Shah, co-founder of Inflection Point Ventures says, “IPV Ideaschool- the highly curated program aims to give an edge to the start-ups as they will not only secure early-stage funding but also get an opportunity to grow and scale their business rapidly with strategic guidance and IPV’s rich network. At IPV, we are looking for start-ups that add value to our economy and have sustainable ideas. By strategically nurturing and empowering innovative ideas, our commitment to building a strong early-stage start-up pipeline ensures a foundation of quality and potential, shaping the future of groundbreaking ventures and contributing to India’s economy”.   

As part of this program, IPV experts will help start-ups fine-tune their business plans, and suggest pivots if needed to make a commercially viable business idea ready to be funded. IPV will also leverage its own investors’ network, ecosystem partners, and other VCs to help the start-ups get access to the required infrastructure and raise additional capital.  

Established in 2018 by Shah, Vinay Bansal, Vinod Bansal, and Ankur Mittal, IPV has engaged in over 210 deals with backing from more than 11,000 investors, including CXOs, HNIs, and professionals.   

Additionally, IPV has recently announced the launch of its CAT 2 AIF, Physis Capital, dedicated to investing in pre-Series A to Series B growth-stage start-ups. FirstPort Capital, on the other hand, is a CAT 1 Angel AIF that raises funds from Angel investors, focusing on making investments in early-stage start-ups. 

In September 2023, the angel investment platform successfully exited from the automobile spare parts platform Koovers, achieving a notable 47 per cent internal rate of return (IRR), according to Inc42.