Applications For GP Accelerator 3rd Batch Are Open Now
Applications for Grameenphone Accelerator 3rd cohort are open now and interested startups can apply to get into the program until March 4, 2017, said a statement sent to FS. The GP Accelerator program has been designed to support early-stage, homegrown tech startups. Selected startups are provided with an intensive, rapid and immersive training over the four-month program. SD ASIA continues as the operating partner of the program for the second year.
- The program only accepts tech startups that have a Minimum Viable Product (MVP).
- In order to be accepted startups need to have a minimum of two co-founders who must be committed to the program full time
- Startups are provided with an intensive, rapid and immersive mentoring, coaching and training over the four-month period along with a seed investment of BDT 11 lakh each for a 10% equity, as well as the workspace in GPHouse.
- The select startups also get exposure to investors, relevant industry contacts, and professionals.
Speaking about the program, Head of Grameenphone Accelerator, Minhaz Anwar said: “The value of GP Accelerator is not just in the seed money it provides to founders at a time when very few people believe in them but also in what GP offers by going beyond the usual accelerator promises. GP Accelerator offers startups a set of most coveted assets right at the time when they need it most: access to markets, connections, and opportunities. Each new batch we are building is setting new standards for the ecosystem in terms of the startup capabilities, the value proposition for their customers and the investment or scale potential.”
Mustafizur R Khan, CEO of SD ASIA said, “We are looking for early stage companies who have some traction in terms of revenue, or users. During the four months of the program, we like to help the teams with growth marketing and sales focus so that these teams are in a strong position to ask for growth capital on demo day”.
Interested founders can attend several information sessions that are being arranged during the month of February to explain the program and offer some insights on what to expect. Details of the program and application process can be found on GP Accelerator website.
Launched in October 2015, GP Accelerator offers a four-month long program to a select batch of startups along with a BDT 11 lakh seed fund each for a 10% equity. Total nine startups graduated from the program in two batches. The first batch of the program came out in February and the second batch in December last year.