Inflection Point Ventures (IPV), angel investment platform has announced the winners of its inaugural accelerator program, IPV Ideaschool Batch 1.0. The three startups—Bloq Quantum, Medront Datalabs, and Telkes Technologies—each secured seed funding of Rs 80 lakhs.
This nationwide six-week program aimed to transform early-stage startups from concept to MVP. After a rigorous multi-level selection process from over 1,000 applications, the top 15 ideas reached the final round. The program featured masterclasses, bootcamps, and mentorship sessions led by industry experts.
Finalists pitched to a jury of distinguished CXOs, including Sukhmani Bedi from Orios Venture Partners, Jaideep Singh Kalra of HSBC, Karan Kumar of AWS, and Vinay Bansal and Vikram Ramasubramanian from Inflection Point Ventures. The three winners emerged with funding for their unique ideas, which had not been previously funded by IPV.
Mitesh Shah, Co-Founder of Inflection Point Ventures, emphasised the program's vision to support and mentor sustainable, innovative startups. Applications were received from diverse locations, highlighting the widespread nature of innovation.
The winning startups include Bloq Quantum, founded by Sreekuttan LS, which focuses on AI-enabled quantum computing solutions; Medront Datalabs, founded by Nitesh Singh, offering secure data exchange platforms; and Telkes Technologies, founded by Abhijeet Jagtap, providing subscription-based electric auto-rickshaw services.
Following this success, IPV has announced the launch of IPV Ideaschool Batch 2.0, starting on August 1, 2024. Applications are open from August 1 to August 20, 2024. This next cohort aims to offer even more impactful opportunities for early-stage startups.
