Accel Atoms 4.0 to invest up to $1 mn in startups focused on 'Bharat', AI

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Accel Atoms 4.0 to invest up to $1 mn in startups focused on 'Bharat', AI - Business Standard

Quick Summary:

Global venture capital firm Accel on Wednesday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme, Accel Atoms, that offers chosen startups up to USD 1 million funding along with perks of over USD 5 million from Accel network partners.Accel Atoms 4.0 builds on the success of three previous editions, and is designed to make the journey as frictionless as possible for visionary founders and promising entrepreneurs operating in the two distinct cohorts of AI and Bharat, the VC firm said in a release.Accel Atoms 4.0 is inviting applications from two categories of pre-seed startups - those building for Bharat', and AI (Artificial Intelligence), it said.

Accel defines Bharat' as the middle-income households spread across Tier 2, Tier 3, and rural India.

Applications for the programme open on September 16.