Bangalore: Axilor, a new generation platform for supporting early stage startups, announced that it has opened applications for its flagship Accelerator program for the Winter 2016 batch, starting in September 2016. Axilor plans to induct up to 15 startups in its upcoming batch, up from 9 in its previous batch. The capital firm said in a press statement that at the end of 100 days of the program, most startups achieving the program goals will get funding of Rs.25 lacs through Axilor’s Scale-up program.

Through its unique venture funding model, Axilor supports entrepreneurs in their first 24 months, helping them move from idea to scale. Started by some of the iconic entrepreneurs and business leaders, Axilor’s founders include Kris Gopalakrishnan, S D Shibulal, Professor Tarun Khanna, Srinath Batni and Ganapathy Venugopal.

This accelerator program is one of the few structured programs in India for founders in very early stages of their idea while the program offers a host of benefits. Less than one in twenty-five applications are selected for the final list.

Commenting on its investment philosophy, Kris Gopalakrishnan, Chairman of Axilor said, “Globally, some of the most successful companies have been built coming out of downturns and it will be no different here. The market leaders of the next decade have just started out and we want to support them through the first 24 months of their journey.”  The fund will continue to invest in technology startups that power e-commerce, enterprise, and healthcare. Axilor will focus on at investing in capital efficient models in new sectors with exciting possibilities, added Mr Gopalakrishnan.

Highlighting the program and its benefits, Ganapathy Venugopal, Co-founder and CEO of Axilor, said “The program has allowed them to move with 3-5x speed, gain good traction and get funded faster. The fact that they are part of a community of some of the smartest founders also makes a big difference to how quickly they are able to move.”

The early-stage focused fund has informed that applications for the Accelerator program is currently open while the applications close on the 19th of August, 2016. To know more about the program and details of procedure for applications, interested innovators and entrepreneurs  cans visit the official  website of Axilor : www.axilor.com