TLabs announces a new batch with 9 startups

TLabs, one of the most sought after startup accelerators in India, has announced its Fall 2013 batch which started in the first week of August.

Aimed at nurturing and supporting the ideas and projects of internet and mobile entrepreneurs, the fourth batch consists of nine high potential startups across various sectors ranging from retail to healthcare to media from the country.

For the first time ever, an accelerator in India has admitted ventures - two in this case, "News in Shorts" and BetaGlide - that are made up of founders currently enrolled in full-time programs at IITs in Kharagpur and Delhi. With this batch, the two year old accelerator - an initiative of Times Internet, takes its portfolio count to 23.

Satyan Gajwani, CEO, Times Internet, said, "There are lots of entrepreneurs starting up in India and I feel the idea of startups being a 'mentality' rather than a concept. The challenge that runs ahead of every entrepreneur is to prove the proposition by convincing people."

TLabs provides the edge over other startups right from the beginning as our goal is to support entrepreneurs as well as the entire innovative ecosystem to unlock the maximum value," added Gajwani.

According to Abhishek Gupta, head of TLabs, the program has recived several good applications from students and young professionals as young technical talent today prefers to startup rather than taking up a job or moving abroad.

Congratulating the new batch, Som Mittal, president, Nasscom said, "This is a vibrant mix of startups which are solving complex problems. We would continue to support these companies by collaborating with TLabs to create more opportunities to ensure their success."


Keywords:TLabs, startup accelerators, ideas , projects , internet, mobile entrepreneurs, potential startups , healthcare , media, BetaGlide, Times Internet,CEO, Abhishek Gupta,applications , students ,professionals, complex problems, opportunities,Business news