Startup Stairs and HSDM To Fund 20 Start-Ups Through Growth Acceleration Fund

In partnership with HDSM, Gurgaon-based Startup Stairs has announced the launch of their Growth Acceleration Program 2.0 to fund another 20 start-ups that are working for the upliftment of informal sectors. Both organisations have committed to the facilitation of a Rs 50 crore fund for the initiative.

The selected start-ups will receive not only funding but also mentorship and guidance from a team of experienced professionals from Startup Stairs and HSDM to help them scale and grow their businesses. These start-ups will also gain access to a network of investors, industry experts and mentors who can help them take their business to the next level. The Acceleration Program will be a six-month program that will provide the selected startups with the resources they need to accelerate their growth and make a meaningful impact on society.

Start-ups with interesting ideas to elevate the unorganised sector through upskilling are invited to apply for this program. To apply for this program, start-ups must be registered entities under Startup India, have a minimum viable product or prototype, and must be working towards the upskilling of the unorganised sector. 

Addressing the latest development, Deepak Sharma, CSO of HDSM, said, "This program is a great opportunity for startups to gain access to funding, mentorship, and guidance from industry experts. At HSDM, we are committed to providing industry-relevant training to help grow India's economy, and this program with Startup Stairs is aligned with our vision.” 

"The Skill Index of any nation is directly linked to its skilled, trained and certified population. By finding startups who can provide the forward market linkage to skilled and certified youth by either making them employed or small entrepreneurs, the country can improve its skill index and multiply the number of home-grown startups, thereby attracting global investors," added Preet Sandhuu, Director of Startup Stairs.