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Andhra Pradesh

XLR8 ANDHRA PRADESH FICCI& IC2, UNIVERSITY OF TEXAS AT AUSTIN

"In support of the initiative of The State of Andhra Pradesh to create a world-class technology innovation ecosystem, the IC2, Institute of the University of Texas at Austin, in concert with the Innovation Society of the state of Andhra Pradesh and FICCI, has launched XLr8 Andhra Pradesh, a world-class technology business accelerator, in Tirupati. 
The primary objective of the accelerator is to foster a culture of innovation in the Sunrise State of Andhra Pradesh. The accelerator aims to increase knowledge, wealth and employment in the State and beyond. 

The initiative is multi-faceted, including training, advanced capacity-building, acceleration of tech companies into the global marketplace, mobilization of venture capital and access to the extensive global commercial development networks of both FICCI and the IC2 Institute of the University of Texas at Austin, as well as direct exposure to the entrepreneurial culture of Austin, Texas through an "annex office" for select qualifying companies.  Our first cohort, whom we launched on 19 September 2016, has been very successful so far, with a number of interesting commercial opportunities already in development. Details of the companies currently in the accelerator available at www.xlr8ap.com.

Each cohort runs for four months period, applications are evaluated and 33 companies are chosen through a formal screening process, all 33 receive training and mentoring by IC2 Institute Experts. Eight are selected to present their technologies to an Indo-American panel of judges. Four of the eight companies are selected for advanced acceleration, which runs for up to two more 4- month’s cycles.

All companies in accelerator AP shall have the opportunity to collaborate with other seasoned entrepreneurs and companies from outside India that will be using the accelerator as the springboard for launching their products and services into the Indian market. They will also have access to the extensive global commercial development networks of both FICCI and the IC2 Institute of the University of Texas at Austin and also a direct exposure to the entrepreneurial culture of Austin, Texas, through an "annex office" for select qualifying companies.

You may qualify for inclusion in this exciting and promising initiative. Please log onto our website, www.xlr8ap.com and apply online. For any additional information please mail to info@xlr8ap.com.