Nexus Venture Partners announced the extension of its Seed Program to IITs to foster entrepreneurship among engineering students by providing mentoring and other support to help build and scale ideas.
Under this program, Nexus Venture Partners will facilitate tie-ups with co-working spaces, offer mentoring, and access to the Nexus network and offer seed funding based on certain criteria.
The Seed program will be launched for current students and recent alumni of IIT Mumbai and will be extended to other IITs in due course.
Says Suvir Sujan, Co-founder & MD, Nexus Venture Partners, “Nexus has been conducting interactive programs at IITs for the past couple years and we felt that students have innovative ideas but need support to help build companies. The Nexus Seed Program will bridge that gap to encourage the entrepreneurial ecosystem”.
Nexus Venture Partners has already funded many market leading innovative companies comprising IIT alumni including – Netmagic, Housing, Sedemac, Tinyowl, Zlemma, FunctionSpace, Unicommerce, Snapdeal.com and Shopclues.com
Nexus Venture Partners (www.nexusvp.com) is India’s leading venture capital fund, with offices in India and Silicon Valley. Nexus team comprises of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. It has over $600mn under management with an active portfolio of over 50 companies across Technology, Internet, Media, Consumer, and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs build market leading businesses.