03-Dec-2024 04:55 PM
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Chennai, Dec 3 (Reporter) The U.S. Embassy in New Delhi on Tuesday announced that Nexus, a
premier business incubator hosted at the American Center in New Delhi, is currently accepting
applications for its 20th Cohort which will begin a nine-week training program on February 2, 2025.
The Nexus cohort program provides an invaluable opportunity for 15-Indian startup companies to
receive specialized training from Indian and American experts to sharpen their value propositions,
define their target markets, get market feedback on product/technology and create milestones to
bring their companies to the market.
This latest cohort will also explore the influence of artificial intelligence on startup ventures and
the importance of mental health for entrepreneurs, a release from US Consulate Chennai said.
Following the initial nine-week training program up to four companies will be invited to remain at
Nexus for more in-depth support.
These companies will be given full access to incubator facilities and network for up to an additional
eight months.
During this time, the Nexus team of experts will also work with them to take their companies to
the next level by helping them get their products to market, grow their customer and revenue
bases and, if appropriate, obtain funding to scale their operations.
Entrepreneurs interested in applying for this program should submit applications by
January 5, 2025 and selected participants will be notified by January 17, 2025.
To deliver training for Nexus’ 20th cohort, the US Embassy is partnering with the Global Training
and Development Institute (GTDI) at the University of Connecticut (UConn).
The program is funded by a grant from the US Embassy in New Delhi and the US Department
of State. GTDI works together with the Daigle Labs at UConn’s School of Business to provide
participants from across India the perspectives and the critical tools for exploring the development
of new and emerging ventures.
The aim of the partnership is to enable sustainable community development while promoting the cultural and economic relationships between the United States and India.
Since the launch of the first cohort in 2017, 230 Indian entrepreneurs and 19 cohorts have graduated from Nexus, and collectively raised over $90 million dollars in external funding...////...