Monday, June 24, 2024
Outlook.com
Outlook India
Outlook Business

Gurgaon’s The Change Engine launches its Maiden Cohort

The fully-funded program offers each founder Rs 6 lakhs over six months, and additional funding up to Rs 2 crore at the end of the program

Gurgaon’s The Change Engine launches its Maiden Cohort
POSTED ON March 31, 2023 9:57 AM

The Change Engine, a Gurgaon-based startup studio, launched its inaugural cohort of Agents of Change Entrepreneurs (ACE), an accelerator for pre-idea startups. The fully funded, six-month program aims to foster a new generation of entrepreneurs by helping them go from problem discovery to launch and fundraising while developing scalable solutions to tackle difficult problems.

ACE is targeted towards enthusiastic final-year students and recent graduates who are interested in addressing complex challenges and developing solutions that can be scaled. The fully-funded six-month program offers each founder Rs 6 lakhs over six months, along with the possibility of receiving additional funding of up to Rs 2 crore at the end of the program. 

Seasoned entrepreneurs and professionals will mentor selected founders and have access to active advice from funders. Additionally, the program offers office space, credits or discounts on various SaaS tools, and free access to office, legal, and accounting services. 
After completing the program, participants will receive support in raising funds from venture capitalists and angel investors during their demo day.

Change Engine is backed by industry stakeholders, including Varun Aggarwal, co-founder of Aspiring Minds and Shailendra Jha, who has worked with MakeMyTrip and Spinny. Pravega, an early-stage venture fund, is ACE’s knowledge partner. 

The mentor and advisor team includes industry leaders like Sourabh Deorah, co-founder and CEO of Advantage Club, Ashish Dua, principal product manager at Amazon and Vibhu Bhushan, co-founder of Gradeup.

"We are thrilled to launch our inaugural cohort and invite the next generation of young entrepreneurs to apply for this fully funded program," said Varun Aggarwal, Founder of The Change Engine. "We wish to create organizations that can impact 25,000 jobs each and we believe ACE can help improve a million jobs in the next five years."

  • Related Articles

    The program offers participants a chance to win total rewards worth over $1.5 million including AWS Activate credits, ads credits as well as logistics and account management support for one year

    Amazon Announces Propel Start-up Accelerator Season 3, To Support 50 Indian D2C Start-Up

    The three-month, equity-free accelerator program for tech start-ups in India offers mentorship and support around artificial intelligence and machine learning, cloud, UX, Android, web, product...

    Google Invites Indian Start-ups to 7th Edition of Its Accelerator Program

    The platform has reportedly facilitated over 1750 deals of Rs 1375 crore, working with more than 15 developers across 30 projects in the last 15 months

    Proptech Start-Up,  PeProp.Money Secures Seed Funding From India Accelerator