Turbostart, a global start-up fund and accelerator, is inviting start-ups from around the world to apply for its program. They don't limit themselves to specific industries and are interested in tech-focused start-ups.
The investment firm is planning to offer up to $1 million in funding, along with valuable support for each selected start-up, the firm said in a release.
The application window for start-ups to participate in the cohort opened on Tuesday, October 24, 2023, on Turbostart’s official website.
In its statement, the investment firm said that as opposed to many traditional accelerators and funds that offer short-term engagements and one-size-fits-all mentorship, Turbostart provides tailored business support sustained over a long period (based on the needs of the company).
The firm will be an integral partner of its investee start-ups and leverage its extensive network and diverse talents to help accelerate startup journeys. This collaborative approach empowers start-ups to swiftly validate their concepts, expand their operations, and benefit from strategic interventions, to achieve fast and sustainable growth, the release added.
Ganesh Raju, founder and CEO of Turbostart said, “With our global expansion, we at Turbostart are dedicated to fostering a diverse and inclusive entrepreneurial ecosystem, where promising start-ups can thrive. We empower visionary entrepreneurs, regardless of their location, by providing them with the necessary resources, guidance, mentorship, and global market access required to successfully scale their businesses.”
Over the past four years, Turbostart has closed four rounds of funding, totaling $50 million. They have carefully selected around 40 startups from over 6,000 applications spanning 30+ countries and 15+ sectors. These include start-ups in the EdTech, Healthtech, Fintech, E-commerce, AI and ML, and renewables sectors.