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NUMA Starts its First Accelerator Programme with 11 Startups

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NUMA Starts its First Accelerator Programme with 11 Startups

NUMA Starts its First Accelerator Programme with 11 Startups
Image: numabengaluru.com

Bengaluru, India | Red Newswire | Nov 25, 2015 Last Updated at 05:18 PM IST.

NUMA, the France-Based accelerator has launched its first accelerator programme in India and has taken in 11 startups. Apart from the company has also announced partnership with Airbus SAS to help encourage more companies in setting up accelerators.

The accelerator has been launched in Bengaluru and accepts equity in the startups in return for working space, facilitating funding and mentorship. The 11 selected startups are from various sectors such as education, publishing, hyperlocal delivery and market research.

1plify is one of the 11 startups and helps students in applying to universities abroad. Then there is Smart Schools, a startup that keeps parents to stay up – to date of their kids’ activities at school. Piki is a survey response collector app that provides survey responses within 4 hours. Other startups include Svadhin – that provides healthcare solutions for elder people and Inkhorn Publishing – an on – demand printing solutions provider.

This is just the beginning for NUMA Bengaluru, NUMA Paris has already accelerated around 82 startups and has raised £60 million with 7% in this as its own equity. However, it has not announced the equity rate for Bengaluru startups.

This accelerator is however sector – agnostic, unlike other accelerators who are focused on one vertical – technology. And most of these accelerators are tied up with some company because of which startups are bound to use their software and facilities only.

Airbus runs its own accelerator programme that goes by the name of ‘Airbus BizLab’ and where its employees and startups are provided with a 6 – month training. NUMA accelerator and Airbus BizLab will be housed under the same roof. Airbus has already started taking admissions for its next programme beginning in mid-January 2016.

Source: Livemint

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