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Mentoring for six startups from 2nd Silicon Road Accelerator programme
Friday, 21 August, 2020, 14 : 00 PM [IST]
Our Bureau, Mumbai
The first and second week of June 2020 saw the final pitches from about 30 shortlisted retail and foodtech startups who pitched to some of the top jury members from the startup ecosystem.

Sanjay Srinivasmurthy, director and head of India, said, “Our entire startup selection process for this cohort has been remote and virtual.  Despite a number of constraints due to the Covid situation, we successfully sourced more than 500 plus startups to get to the final 30.  The startups show a lot of promise and are working to solve some of the key problems faced by the customers in food and retail industry.  The objective of our programme is to help startups to establish themselves in the global markets.  The virtual programme provides a lot of flexibility and wider reach to the startup ecosystem.”

The startups, during the 12-week virtual acceleration programme will receive intensive one-on-one guidance and mentoring by the Growth Hackers, Entrepreneur-In-Residence, CTO on Demand, Industry Mentors and investors.  Additionally, startups will also get to be part of the virtual workshops and will obtain key inputs on their business and financial plan.

During the 12-week programme, Silicon Road will also invest an initial amount of money (Rs 25 lakh) in the qualifying startups with a possibility of follow-on investments and investment through syndicates and partner investor networks. Startups will also get access to a number of industry perks.

Here’s a look at the 6 startups that are part of the Silicon Road Accelerator Programme

1. Buybot
Buybot enables retailers and brands to set up shop on WhatsApp. With API integration with messaging platforms, it allows two-way free flowing conversation. Buybot AI interprets and curates item shopping list and marks relevant retail touch points. It does not require any App or any inventory integration

2. Redesyn
Redesyn is a social media that lets creators and artists earn a monthly income by providing exclusive rewards & perks to their subscribers. It provides creators with an exclusive channel & business tools to sell memberships & convert their designs into merchandise.

3. BFore
BFore is reimagining shopping for high-value products, by replacing the demanding research journey with a personalised conversational experience. We are building intuitive chat-first AI-powered platforms to make finding the right product at a great price an easy and joyful activity.

4. Extovate Ventures
Extovate Ventures is a new-age technology company focussed on developing technologies in the food packaging space. Patented self-heating/cooling technology that can be used to heat/cool the food with a press on a marked area of the food package.

5. Upperclimb
Athletebit Healthcare Private Limited is a DIPP recognised startup whose mission is to develop and bring to market, scientifically proven, natural ingredient based, safe sports nutritional supplements for athletes. It is incubated in CSIR-CFTRI's Food Business Accelerator (FBA) in Mysore, Karnataka.

6. Supply 6
Supply6 is a Health & Nutrition startup currently working on its Meal v1.0 product. It is a nutrition-complete and convenient drinkable meal powder for working professionals on-the-go, when they do not have time for or access to real food.
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