The Initial Global Chapter Launched In Association With ICICI Bank in INDIA.
NEW YORK – April 28, 2017 – PRLog — US based MAGNIVIA VENTURES has launched a cross-border startup incubation plan in association with ICICI Bank in India.
This is the 1st international chapter of the cross-border program that has been launched in 2017 by the privately held firm.
Magnivia Ventures, a strategic investment and venture growth company headquartered in New Jersey, has inked an agreement with ICICI Bank, India’s largest private sector financial institution by consolidated assets to launch the India chapter of its cross-border venture incubation plan. The plan is co-managed by the two entities, overseen by Abhi Anuket, the Founder of Magnivia Ventures. The system has been developed and produced by Abhi Anuket, a FinTech and Enterprise Engineering targeted entrepreneur, investor and development method advisor largely based in US.
Starting March 15th 2017, FinTech and Enterprise Answers focused startups at an early growth stage from worldwide markets and India will be in a position to submit their POC and pitch to Magnivia Ventures straight to qualify for this program. Generally, the startups must have previously created some revenues and would be on track to raise a late seed or Series A round of financing (ideally, at least $500K-$650K should have been raised by the candidates).
Picked startups would get accessibility to a long phrase incubation plan via this channel. These engineering organizations and teams will be in a position to operate with the team at Magnivia Ventures as nicely as ICICI Bank to additional validate, develop and grow their platforms or ventures in an open innovation variety format. They will be given entry to further support including – direct entry to venture capital financing, debt financing, engineering advisory, mentoring, talent sourcing, remedy revenue enablement in new markets or regions, cross-border development or exit possibilities between other things.
The system will final six months at least, for selected startups. Admission to the plan has begun a rolling basis starting March 15th 2017.
Abhi Anuket, the Founder and Principal of Magnivia Ventures explained “We are quite pleased to announce our alliance with ICICI Bank for the India chapter of the strategic, cross-border incubation plan that we have just launched. We look to spouse with institutions and teams, that deeply recognize and enjoy the growth of complicated technological platforms. The Management at ICICI Bank has truly been steady with their commitment to innovation. Their continued curiosity in innovation plans is 1 of the principal motives why we are able to perform with them. They are our anchor Financial institution partner for the India chapter of our cross-border system and we look forward to an interesting journey ahead with them and other participants.”
It is anticipated that other Enterprises and Companies will be involved in this program as properly. Possibilities for bespoke resolution development will be proactively explored below the guidance of Magnivia Ventures and its corporate partners through this platform.
For corporate sponsorships, partnerships and startups applying to the system, please email:
Subject: Cross-border Venture Incubation Program Magnivia Ventures – ICICI Bank
Mr. Abhi Anuket
Founder and Principal, Magnivia Ventures
Mr. Korey Fisher
Associate and System Manager, Magnivia Ventures
check out us at:http://www.magnivia.net
Published at Fri, 28 Apr 2017 23:18:56 +0000