StartoBIA: An initiative by Bombay Industries Association to help promote the startup culture of our country

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Budding entrepreneurs or startups require a push to get them going. Business Incubations are the perfect place where they are offered a spectrum of opportunities and facilities. But the development is two ways; on one hand, startups get the groundwork laid for them and on the other hand, investors and mentors also get encouraged to channel their expertise.

Bombay Industries Association, popularly known as BIA is trying to create this ecosystem for startups and investors. Through its initiative StartoBIA, it wants to give startups the opportunity to present themselves in front of experienced jury members. Investors or successful MSME entrepreneurs are also presented with the occasion to back and invest in out-of-the-box ideas and futuristic businesses.

To fulfill this purpose, BIA has curated a platform- StartoBIA to make it simpler for investors and startups to connect and prosper together. StartoBIA will be held on 27th April 2022 at The Club, Andheri. It is sponsored by Audi Mumbai South and supported by Touchwood Incubation and Innovation Platform for Startups.

How was StartoBIA ideated?

Being the 75th year of the Bombay Industries Association, it decided to come up with something innovative that would have the potential to keep the legacy going. In today’s time, technology has invaded our lives, and young entrepreneurs in this field that have potential, amazing energy, and a ‘ready to work 24×7’ attitude seemed like the perfect set to invest in. Focusing on ‘Generation Next’, the association ideated StartoBIA- a platform where they can utilize the talent hunt of the next generation to catapult their growth and form a group of investors for the same.

young entrepreneurs that have potential, amazing energy, and a ‘ready to work 24×7’ attitude seemed like the perfect set to invest in.

StartoBIA aims to create a new ecosystem for startups and investors by:

  1. Developing a platform that makes it easier for startups and investors to connect
  2. Providing an all-round deal that will enable startups to utilize the expertise of investors
  3. Allowing investors to form a community that can readily help budding entrepreneurs

BIA Members consist of successful businessmen that have the appropriate domain expertise, experience, connections, resources and finance. The members, when paired with fresh ideas will not only result in growth in the positive direction but also give the country an entrepreneurial boost.

StartoBIA aims to become a platform where startups connect with BIA members who have exceptional skills and investment capabilities. By bringing together innovative technology-based startups and investors, Startups will have access to members’ networks and circle of influence, while the members have access to next-generation & futuristic businesses.

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About StartoBIA

The StartoBIA Investor Meet was brought into the picture by connecting with startups via several incubation centers through BIA members, the website, and BIA’s social media handles. The platform has received a whopping number of 114 startup applications. The investment philosophy of this event is simple. It encourages startups irrespective of their sector and founders of all ages, gender, and locations are welcome. Investors want to see the passion, drive, and commitment the founders have for their startups.

The review committee then scrutinized all the applications to give the best ones a chance to be a part of StartoBIA. After the completion of the two-level review process, the committee has selected eight startups with a tech background that will present their business models on 27th April 2022 at the Second Edition of StartoBIA. This event is sponsored by Audi Mumbai South and is supported by Touchwood Incubation and Innovation Platform for Startups.

Getting a boost from one of the oldest associations in India is a huge opportunity for startups. The platform ultimately wants to build the perfect bridge between the two to make the process of growth seamless and smooth.

The association believes in the 3Ms of creating a successful startup ecosystem; Money, Mentors, and Meaningful connections, and that is what they want to deliver through StartoBIA.

Getting a boost from one of the oldest associations in India is a huge opportunity for startups. The platform ultimately wants to build the perfect bridge between the two to make the process of growth seamless and smooth.

By providing the right ecosystem, the platform has the potential to help startups achieve their dream. In all, StartoBIA has been a key focus for BIA members to inculcate the ‘startup’ culture within their community and ensure growth and support for startups.

And with the startup culture growing rapidly in the world, it will aid the nation to uplift new talent and generate employment opportunities, create wealth, and ultimately contribute to the economy of the nation. The platform is not only about investors and startups but also about the future of our country.

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