A national program named Turbostart which aims to nurture and identify the top 10 innovative startups in six months has been launched by the Bengaluru-based InnovationQore.
The program aims to fund 100 startups in the country over the period of the next five years.
The program will accelerate the process to discover the innovative early-stage startups and will invest Rs 2 crore on each of them for 10 to 14 percent of equity. The program will also help these startups for product and market validation, customary business support and to connect with the industry.
The program is in a competition format and is open to all the startups in the country.
It has business leaders and entrepreneurs on board as the investors, with the seasoned management team working to assist the startups enrolling.
