The India Internet Group (IIG), a new India-focused startup accelerator that invests in early stage internet/mobile startups, has launched.
Led by founding partner Anirudh Suri, IIG has a team of advisors including Rajan Anandan, Sunjay Guleria, Gautam Gandhi, Vijay Chattha, and Anuradha Duggal, along with other entrepreneurs, corporate executives and investors in India and the U.S.
The accelerator has also launched an India-focused business plan competition, which targets talented entrepreneurs living, working or studying in the U.S.. It will identify and support plans for innovative, India-focused Internet or mobile technology businesses. To facilitate entrepreneurs’ transition to the country, IIG will provide initial seed funding of up to $150k, access to its network of relationships and mentors, as well as other resources such as office space and legal advisors.