Mumbai: thinQbate, a new thinking incubator for startups launched in Mumbai today (24 October 2016). Based on a community and entrepreneur first approach to angel investment and incubation, it aims to create an ecosystem that will identify, nurture, and leverage on the success of a concept.
thinQbate plans to help annual cohorts of fresh ideas and minds thrive by providing a physical space to work in, support from its expert partners and showcasing entrepreneurs based in thinQbate and through events, in-house & external, through the year. The incubator has already selected six startups to work with them and support them.
Focusing on the importance of providing a favorable ecosystem for the start-ups, co-founder of thinQbate, Pranav Marwah said, “At thinQbate, we want our start-ups to only concentrate on creating sustainable businesses. We endeavour to give entrepreneurs the resources and autonomy in decision making, enabling innovation & creative thinking. Our model is simple – as an entrepreneur, we want you to continue doing what you do best, leave us to do the rest.”
After months of talking to and evaluating many interesting startups, thinQbate has selected to work with six startups initially. These startups belong to diversifies sectors spanning from Internet of Things (IoT) to Artificial Intelligence (AI).
Faclon: It is an Internet of Things (IoT) company providing end-to- end solutions for remote monitoring and automation of water distribution systems.
Hashtag Loyalty: The company is a universal digital loyalty & marketing automation tool that helps businesses stay connected, engage with & bring back their customers more often.
Redesyn: The startup company is a fashion-tech company, building India’s first custom design platform for independent artists and designers.
Superfan.ai: This is an artificial intelligence powered celebrity fan management chatbot.
Taleho: The company is a social network for real estate focused of real unbiased content about people, places and properties.
Vahanalytics: This is a smartphone based technology makes better drivers through smarter data.
Summarizing the four pillars that set apart thinQbate, co-founder Arjun Madhavan said, “In a world with cut throat competition, startups could use all the edge they can get. Here they not only get a potential range of capital choices, but also a host of intangible benefits including mentorship, expertise and networking.”
