GenNext Innovation Hub Graduates 11 Startups

• Graduating startups have witnessed significant growth, acquired high profile clients and received investments during the intensive four-month program

The GenNext Innovation Hub is a joint initiative of two leading companies, Reliance Industries Limited (RIL) and Microsoft Ventures to develop the startup community across India. The event held in Mumbai, saw the startups showcase their businesses to more than 200 venture capitalists, influencers, corporate customers, mentors and leaders.

The GenNext Innovation Hub enables entrepreneurs to build their companies through an immersive, four-month-long program. Those selected gain access to business mentors, technical and design experts, and plug-and-play office space. They are also exposed to resources that help them apply their skills to working jointly with businesses and innovative technologies, in turn gaining valuable insights to build and modify their business models for Indian and global markets.

The success of the program can be measured by the success of the startups, who have all witnessed significant amounts of traction during the course of the program – winning deals from noted global brands and raising money from leading investors and VCs.

The startups that graduated from GenNext Innovation Hub’s first batch today are:

1. Health Vectors, a predictive healthcare analytics company
2. AxleRate, a passenger safety and engagement platform
3. LogiNext, a last mile logistics solution provider
4. Tootle, an event discovery and engagement social media platform
5. Flexiguru, a personalised education content curation platform
6. Oztern, an adaptive entrance test preparation platform
7. Fropcorn, a proprietary location content distribution company
8. CarIQ, a connected car platform
9. Coitor, a virtual trial room platform
10. Interview Mocha, a pre testing skill assessment company
11. Light, the world’s first answering engine, that was launched today

During the four-month program, the startups were mentored on business models, customer acquisition strategy, technology comprising Ui/UX and cloud, analytics, and financing models. They also had regular interactions with industry leaders from retail, media, transportation, education, finance, legal and intellectual property.