KE Launches Incubation program with up to Rs.50L Funding

Kanara Entrepreneurs (KE) which focuses on nurturing entrepreneurship has launched a new incubation program, Elevate by KE. Global Chairman of KE, Ivan Fernandes who is also an angel Investor and a serial entrepreneur, spoke to our correspondent regarding this flagship program. “It’s an annual program where we select two startups for a 10-months incubation helping founders to leverage the power of networking and mentoring within the KE network of entrepreneurs and more importantly helping them with the seed capital,” says Ivan Fernandes

KE received applications from across the nation and also from the United Arab Emirates where KE has its chapter. Their Incubation committee consisting of Mark D’Souza (Chartered Accountant and past president of KE Bangalore Chapter), Lloyd Mathias (Angel Investor and Business Strategist) and Rohit Fernandes (Serial Entrepreneur) met earlier this week and reviewed all the applications and shortlisted four startups, for a pitch session to be held on 17th of this month at Hotel Grand Magrath, Bangalore.

The shortlisted startups are, GoDigitag, MadVR, Iconic Office Furniture and Yacht Inventory management, founded by Vinod Philips, Vincent Anthony DSouza, Nixon Lobo and Prince Preetham Pinto respectively.

Lead Members of KE from both Dubai Chapter as well as Bangalore Chapter would be attending the pitch session on 17th November where they would collectively evaluate and select two of these startups.

Pramod D’Souza, Associate Director – Mentoring at KE Bangalore Chapter is very happy about the quality of startups and believes this program would help the founders to grow their business to the next level. He also mentioned that the program would encourage more youth from the community to venture into startups.

Claudius Pereira, President of KE Bangalore Chapter, attended the initial pitch session over conf call earlier this week along with Ivan. Both of them are extremely happy with the shortlisted startups and their business models. They are also excited about the market opportunities these startups have if they execute it well.

#KEIncubation #Entrepreneurship #StartupSupport #InnovationHub #BusinessIncubator #EntrepreneurialJourney #IncubationProgram #StartupSuccess #EntrepreneurialCommunity #BusinessGrowth #Mentorship #InnovationEcosystem