Subhash Chandra Foundation Launches Esselerator Program To Identify And Mentor Start-Ups

Subhash Chandra, on December 12 launched the ‘Esselerator’ program under which Subhash Chandra Foundation will be identifying and mentoring the aspiring entrepreneurs. Subhash Chandra had launched the Subhash Chandra Foundation to commemorate 90 years of Essel Group. He had pledged Rs. 5000 crore of his family wealth towards philanthropic initiatives of the Subhash Chandra Foundation.

Esselerator Program seeks to identify and mentor entrepreneurs across start-ups in the fields of MediaTech, EduTech, and Media & Entertainment. The aim of the program is to co-develop and nurture ‘early and growth stage start-ups'.

At the launch of Esselerator Program, Subhash Chandra said, "Essel Group's journey of 90 years has been marked by a series of milestones, which have been driven by a pioneering vision and an undying entrepreneurial spirit. As we move ahead in this journey, our aim is to carry forward the entrepreneurial legacy of the Group and with this objective in mind, we had launched the Subhash Chandra Foundation earlier this year to help budding entrepreneurs and educationists, by not just providing them with funds but by creating a chain model."

Subhash Chandra added by saying that Esselerator has been launched in partnership with TiE Mumbai and that it 'promises to identify and groom the next generation of thinkers and innovators, who through their unique business models will play a significant role in building the capacity of the nation.'

Through the Esselerator Program, the shortlisted teams will benefit from comprehensive knowledge and guidance from the best minds in the industry, and training across technology, consumer insights, fundraising, and social media tools.

The applicants will be selected on the basis of three rounds. The first round of applicants will be shortlisted through their online applications. The second round will include interviews with the accepted applicants which will be jointly conducted by Esselerator & TiE Mumbai.