Sharda Federation Sets Up Global Accelerator Program For Food and Beverages Startups
By siliconindia | Monday, 25 September 2023, 17:20 IST
Sharda Launchpad Federation, a business incubator and accelerator by an educational institution Sharda University has announced a strategic alliance with FigFax (SnackFax) and Sharda Global Food and Beverages Accelerator. The program is set to mentor and fast-track over 50 promising food brands in the next year's period. Inviting entrepreneurs and startups in the food sector to seize this opportunity, Sharda Launchpad commenced registrations on September. This program is open to a wide spectrum of businesses, including those in food processing, dairy and mechanisation, quick-service restaurants (QSR), dining establishments, poultry, logistics, warehousing, infrastructure and mechanization, packaging, beverages, and more. The selection process is set to be highly competitive, with only 20 startups advancing to the next round in the first Cohort.
Recognising this gap, Sharda University and FigFax have joined forces to revolutionize the food industry in North India. As a promoter of Sharda Launchpad, the university is committed to nurturing entrepreneurship and innovation in the food industry. The collaboration will provide financial support, access to seasoned mentors, and personalized acceleration programs tailored to address the unique challenges faced by food businesses in North India.
On this association,Vice Chancellor of Sharda University, expressed, “Sharda Launchpad, in collaboration with FigFax, embodies Sharda University’s unwavering commitment to fostering entrepreneurship in North India’s food industry. We envision it as a beacon of hope for aspiring food entrepreneurs, offering them the tools, mentorship, and funding needed to thrive in this vibrant sector. With a shared commitment to innovation and growth, we believe that Sharda Launchpad will be a perfect recipe for startup success as well as economic development in the region, creating a lasting impact on the food business landscape".
Startups and emerging food brands participating in Sharda Launchpad can anticipate a multitude of benefits. This collaboration will provide financial support, access to seasoned mentors, and personalized acceleration programs, all tailored to address the unique challenges faced by food businesses in North India. The partnership aims to equip startups with the knowledge and tools needed to scale their businesses successfully, covering aspects such as product development, marketing strategies, financial management, and more. Furthermore, Sharda Launchpad will cultivate a collaborative community of food entrepreneurs, encouraging the exchange of ideas and best practices.
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