A year after its launch Nexus continues going strong, with September marking the beginning of its fifth cohort of innovative startups.
Selected from over 135 applications, the 17 startups will undergo an intensive 10-week “pre-incubation” program where they will be trained in practical topics of entrepreneurship such as finances, market validation, intellectual property, funding and more.
This 5th cohort differs from the previous four in that it includes startups from the surrounding nations of Sri Lanka, Bhutan, Bangladesh and Nepal with the aim to increase regional economic activity and prosperity through entrepreneurship. “We are excited to offer the Nexus incubation opportunity to startups from the neighboring South Asian countries,” said Sameer Malik, Nexus program manager. “The program will help these startups to look at expanding their markets outside of their countries to the region as a whole.”
As Nexus is sector agnostic, the startups have a wide variety of products/services, from advanced coatings and air filters to smart power meters and “upcycling” of used tires. Once the startups graduate the program on November 2nd, a select few will be offered the chance for long term incubation of up to eight additional months at the Nexus Center.