The CoWrks Foundry concludes First Cohort with Demo Day
The CoWrks Foundry, a premier acceleration program, announced the completion of its first cohort, comprising of five innovative startups today.
The CoWrks Foundry is an initiative by CoWrks, one of India’s largest shared office space providers. The program is designed to nurture early-stage startups in the field of Urban Tech, Enterprise Tech, and Social Impact Enterprise, through a rigorous interdisciplinary curriculum, designed by industry veterans and experts. The Foundry’s well-architected framework nurtures durable and scalable businesses by investing in the ideas and the minds behind them.
Out of the 350+ startups that applied to the program from across India and some even international, the final five that were selected to be a part of the accelerator are Wagonfly, Understand Better, Ayasta, Betterly and T-Scale Hub. These companies were assisted with everything from initial seed capital and client acquisition to the art of crafting a stellar pitch.
The 24-week intensive program concluded with a Demo Day on November 14. The 5 startups had the opportunity to pitch their products, ideas and business models to venture capitalists, and prominent industry leaders at the city’s newest entrepreneurial hub - CoWrks Koramangala. In order to fuel entrepreneurship and create an environment where innovators and companies thrive, The Foundry also invited applications from the startups housed within the CoWrks community to pitch on Demo Day.
In addition to providing an initial influx of smart seed capital of upto $30K, The Foundry has been instrumental in equipping home-grown businesses with a solid foundation and the resources required to fully equip, refine and fortify their companies.
Situated within CoWrks’ HQ in Bangalore, the startups in The Foundry have been able to access premium workspaces within CoWrks, and the opportunity to work alongside a carefully curated community of startups, freelancers and large enterprises. Each of the 5 startups were assigned dedicated mentors and experts from relevant industries, to provide targeted coaching and guidance.
As a part of the part of its post-program support, The Foundry will continue to aid these start-ups in terms of mentorship and guidance.
