GVFL Limited (GVFL) and Brinc have partnered with ACME Group to launch the A4X accelerator program, aimed at supporting entrepreneurs in Gujarat and the rest of India [95b99a19]. The three-month program will provide entrepreneurs with access to resources, coaching, and an initial investment of Rs 1.5 crores to Rs 2 crore. It will focus on four areas: assisting D2C firms and consumer SaaS apps, supporting companies and emerging technologies like blockchain and AI, investing in firms related to alternate protein and climate tech, and promoting a greener economy [95b99a19].
Brinc, a global venture accelerator, manages 18 accelerator programs across seven countries and focuses on sustainability. GVFL, founded in 1990, has funded over 105 firms and sold over 75% of its portfolio firms [95b99a19].
This partnership between GVFL, Brinc, and ACME Group aims to provide a platform for entrepreneurs in Gujarat and the rest of India to accelerate their startups and receive the necessary support and funding. The A4X accelerator program will offer a comprehensive package of resources, coaching, and an initial investment to help entrepreneurs turn their ideas into successful businesses [95b99a19].
The program will focus on four key areas: assisting direct-to-consumer (D2C) firms and consumer software-as-a-service (SaaS) applications, supporting companies working on emerging technologies such as blockchain and artificial intelligence (AI), firms related to alternate protein and climate tech, and promoting a greener economy [95b99a19].
Brinc, a global venture accelerator, brings its expertise in sustainability and manages 18 accelerator programs across seven countries. GVFL, with its extensive experience in funding startups, aims to support and nurture entrepreneurs in Gujarat and the rest of India [95b99a19].
ACME Group has secured initial funding for its INR 300 Crores CONNECT FUND, a CAT II Alternate Investment Fund (AIF), aimed at transforming India's Animation, VFX, Gaming, and Comics (AVGC) sector [b91948f2]. The AVGC industry in India is currently valued at around $4 billion and is projected to reach $12 billion by 2030. ACME Group aims to position India as a global leader in the digital media landscape. Ramon Talwwar, MD & CEO of ACME Group, emphasized the Connect Fund's revolutionary potential. Abhinav Shukla, Co-Founder of the Connect Fund, stated that the fund aims to profoundly influence India's AVGC sector by providing capital and strategic direction for growth and innovation. ACME Group has a legacy of over 11 years in the financial services industry and is known for its excellence and innovation. The group is committed to fostering economic growth by investing in high-potential sectors like AVGC [b91948f2].
The partnership between GVFL, Brinc, and ACME Group will provide entrepreneurs in Gujarat and the rest of India with a platform to accelerate their startups and receive the necessary support and funding. The A4X accelerator program will offer resources, coaching, and an initial investment to help entrepreneurs turn their ideas into successful businesses. The program will focus on assisting D2C firms, consumer SaaS apps, companies working on emerging technologies like blockchain and AI, firms related to alternate protein and climate tech, and promoting a greener economy [95b99a19].
ACME Group's Connect Fund aims to transform India's AVGC sector by providing capital and strategic direction for growth and innovation. The AVGC industry in India is currently valued at around $4 billion and is projected to reach $12 billion by 2030. ACME Group aims to position India as a global leader in the digital media landscape. The group's legacy of over 11 years in the financial services industry and commitment to investing in high-potential sectors like AVGC demonstrate its dedication to fostering economic growth [b91948f2].