Home / Industry / Infotech /  GSF Accelerator launches global programme

Bangalore: GSF Accelerator, which incubated Little Eye Labs that Facebook Inc. recently acquired, has launched a global incubation programme starting April.

The Bangalore-based technology start-up accelerator provides seed funds to and mentors around 25 start-ups every year, which will now be split into its global and India-focused programmes.

As part of the global programme, 12 start-ups from across the world will be selected. The first batch will comprise eight start-ups from India and four from alliance partners in South-East Asia, Eastern Europe and Africa.

“The biggest problem that start-ups face is that they don’t have enough traction to approach big CIOs (chief investment officers) of companies. Now they will get the exposure to know how to do it, especially after gaining a huge network in a place like Silicon Valley," said Rajesh Sawhney, founder of GSF Accelerator.

The 12-week programme will start in India and end in the Silicon Valley, with four stops along the way. The team will spend four weeks with GSF mentors and advisers in Delhi and Bangalore, followed by two weeks in Singapore, two weeks in the UK or the east coast of the US, and the last four weeks in Silicon Valley. Talks with alliance partners in the US and the UK are still in progress.

Start-ups will showcase their products to investors in all the four locations.

The accelerator, launched in September 2012 by Sawhney, a veteran entrepreneur and investor, functions in Delhi, Mumbai, Chennai and Bangalore—each city hosting four to five start-ups in every batch.

Twenty four start-ups, including Little Eye Labs, which uses analysis tools to help improve mobile apps, have graduated from the accelerator since its launch. Facebook’s acquisition of Little Eye Labs in early January, for an undisclosed sum, was its first purchase in India.

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