Sunday, Mar 24 2019 | Time 00:15 Hrs(IST)
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Business Economy


US Embassy launches Nexus Startup Hub

New Delhi, Feb 8 (UNI) The US Embassy in India on Thursday announced the launch of the Nexus Startup Hub at the American Center here.
According to an embassy press release, the goal of the programme is to help support a dynamic ecosystem for innovative Indian startups through the sharing of American best business practices in entrepreneurship and incubation.
To date, 20 startups have completed the intensive, 10-week pre-incubation programme and nine have been selected for long-term incubation. The third cohort of the pre-incubation programme began at the end of January.
“I have been to a lot of other incubators, but what sets Nexus apart is that they really deliver,” Arpita Singh, CEO of Docturnal said.
At Thursday’s event, the US Embassy announced two new Nexus initiatives for 2018. The first is a programme that provides training, mentoring, and networking opportunities specifically to female entrepreneurs throughout India.
This women-focused program is designed to support and empower women with entrepreneurial interests who are currently studying at India’s universities to overcome barriers and become future leaders in India’s startup sector.
In addition, the Embassy announced South Asia Connect at Nexus, a new grant provided from the State Department’s Bureau of South and Central Asian Affairs. The grant will support the expansion of Nexus’ offerings to include startups in Bangladesh, Bhutan, Nepal, and Sri Lanka.
”The response to the Nexus program has been overwhelmingly positive and we have already seen some great results from our first two graduated cohorts of startups,” said Erik Azulay, director of Nexus. “The Nexus team is excited about engaging with the innovation ecosystems in Bangladesh, Bhutan, Nepal, and Sri Lanka and working to set up the same kind of active network we are building here in Delhi.”
Nexus is run in partnership with the IC2 Institute at the University of Texas-Austin and has brought in as advisory board members some of the biggest names in the Indian innovation ecosystem: the American Chamber of Commerce, The Indus Entrepreneurs (TiE), the Indian School of Business (ISB), the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Indian Angels Network (IAN).
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