Bosch India, an Indian subsidiary of German auto component and technology major Bosch, has launched the first accelerator program for start-ups called DNA ‘discover, nurture and align’.
The 18-week program is an intense development, mentoring and piloting platform for start-ups.
This platform offers start-ups the opportunity of gaining access to Bosch’s working environment.
Besides, they will also be able to pitch to Bosch’s management- Business Unit heads as well as other external investors.
Head of Bosch India’s Start-Up Alliance program, Manohar Esarapu, said, “As a technology and solutions leader, Bosch India is looking to partner and collaborate with start-ups that work on disruptive solutions in the areas of mobility solutions, Smart manufacturing, smart cities, Meditech, Agritech and energy.”
Also the company is looking to work with start-ups who could support build solutions in enabling technology areas such as, internet of things (IoT), deep learning, analytics, cloud, virtual reality and block chain.
These startups would receive personalized mentorship from Bosch experts in areas such as, engineering, scope specific domains, product design, operations, finance and legal among others.
Through this program, selected start-ups will get an opportunity to an investor pitch, and the entire Bosch ecosystem, such as, its customers, suppliers and partners among others, Manohar added.
Apart from providing disruptive business models. the company is also open to partnering with these start-ups in order to cater to new markets.
Bosch intends to gain a strong foot-hold into India’s booming start-up market through this model.
This program will also help Bosch diversify growth into areas beyond mobility solutions, said Manohar.