Nexus celebrated its graduation ceremony by honoring its sixth cohort of 15 impressive startups on Friday, March 1st. The 15 graduating startups were chosen from over 100 applications received from across India and represented such diverse industry sectors such as medical, material science, environmental, telecommunications and manufacturing. The graduates included startups from its South Asian Connect sister program with four innovators joining from Sri Lanka, Nepal, Bhutan and Bangladesh.
All the startups completed the intense nine-week pre-incubation training program that features, in addition to the regular classwork, a structured online Innovation Readiness program from the University of Texas, personalized mentoring and workshops led by expert speakers and industry leaders from India and the United States.
At the end of the gradation ceremony, four startups – Lifaffa, Leonite Labs, Adavor Labs, and TalkOye – were selected for long-term incubation at Nexus. During the 8-month additional incubation these companies will be further supported with training, mentoring and networking opportunities to scale up their businesses while residing at the Nexus facility.
The U.S. Embassy’s Minister for Economic Affairs, Mr. Robert Garverick, along with Mr. Conrad Turner, Cultural Affairs Officer, addressed the graduating startups. During his address, Mr. Turner laid a special emphasis on the importance of ethics in conducting business and advised the startups to be harbingers of honest business practices.
The graduating startups made two-minute lightning pitches in front of the audience, which included industry experts, mentors, investors and government officials. Several start-ups also exhibited their products to the audience during the reception that followed the graduation. Nexus will start accepting applications for its seventh cohort in mid March.