1 month ago

TiE Mangaluru to Lead Karnataka’s First K-Combinator Accelerator

TiE Mangaluru to Lead Karnataka’s First K-Combinator Accelerator
TiE Mangaluru to host first K-Combinator startup accelerator in Karnataka · thehindubusinessline.com

TiE Mangaluru is starting a new programme to help promising startups in coastal Karnataka.

The programme is called K-Combinator.

It will help businesses that have already tested their idea or first product.

Each group of startups will receive support for 16 weeks.

They will attend boot camps, classes, mentoring sessions, and investor meetings.

Three groups are expected to be supported each year.

The programme has ₹9.26 crore approved for five years in the region.

Two successful startups from each group may receive ₹10 lakh without giving up ownership.

Key facts

Programme
K-Combinator, powered by TiE Nurture
Host
TiE Mangaluru
Cohort size
Four to six startups
Annual schedule
Three cohorts planned each year
Acceleration period
16 weeks
Regional grant outlay
₹9.26 crore over five years
First grant tranche
₹1.89 crore already released
Startup grant
Two startups per cohort may receive ₹10 lakh each at 0% equity, subject to criteria and approvals

Sources

Related news