Mumbai: VentureNursery, India’s first angel-backed start-up accelerator has announced its second Acceleration Program which will be starting from December 2, 2012.

Having attracted over 120 applications from seventeen cities in its first Boot Camp, VentureNursery will now accept applications for the second boot camp from 18 October 2012 to 8 November 2012.

Apoorv Ranjan Sharma, Executive Vice President, VentureNursery said, “This time around, we are looking for quality, rather than volume. Both idea stage entrepreneurs as well as ongoing businesses are welcome, across all six of our sector preferences.”

The customised mentoring program, lasting between six and thirteen weeks works in a structured format. The first week of the program begins with identification of the key gaps and challenge areas in each of the participating start-ups by the Angels-in-Residence. These challenge areas are then addressed through multiple mentoring sessions by an elite group of serial entrepreneurs, Charter Angels, VCs, technologists and senior corporate managers. The feedback given by each advisor and investor is then collated and incorporated into the business plan of the participating start-up.

If required, VentureNursery leverages its strong network in helping the participating start-ups to get introduced to potential co-founders. On successful completion of the program, each start-up is given an opportunity to present its business idea to Charter Angels and Angels- in- Residence for feedback and potential seed-funding.

Ravi Kiran, Co-founder, VentureNursery said “Our first batch experience made us realise that the start-ups at seed stage have learnt to recognise the importance of structured mentoring.”

Shravan Shroff, Co-founder, VentureNursery added, “The program helps the participating start-ups prepare for the future by establishing key business practices in their system.”