The US embassy’s Nexus innovation hub training program has graduated 180 start-ups since its inception in 2017 and it looks forward to starting this program for the 16th batch.
This program aims to impart the best entrepreneurial practices from India and around the world to the selected start-ups. Its success could be fathomed out from the fact that these start-ups have gone on to raise over $36 million in outside funding and have closed over 90 deals with US companies since 2017.
After completing the program these start-ups have added high-impact customers to their client lists, won Indian and international competitions, and partnered with domestic and international companies.
One of the Nexus graduates says, “We added Mahindra Defence and Reckitt Benckiser as our clients.”
“Nexus’ mission is to foster a strong Indian startup ecosystem by providing a platform where different stakeholders can engage with startups to help them succeed. Through its multi-week pre-incubation program, Nexus prepares startups to successfully enter the market and scale up their business,” says the official embassy website.
“We have partnered with some of the biggest names in the Indian ecosystem such as IAN, TiE, FICCI, Startup India, AMCHAM India, and USAID to help create a world-class network for Indian startups and entrepreneurs,” it added.
The first group completed the program in July 2017, and since then it has added many feathers to its cap. The idea of an innovation hub and incubator originated with Craig Dicker, the then Cultural Attache at the U.S. Embassy in New Delhi.
“We bring together a pool of international and national experts, mentors, government agencies, venture capitalists, angel investors, and other stakeholders to provide Indian startups unparalleled access to the tools, talent, and funding needed for success,” it said further.
American Center, New Delhi hosts the Nexus innovation hub and a business incubator.