pedal startWe have partnered with , a Gurugram-based startup community builder and accelerator. FAAD networkA reputable venture capital firmgear one” is a ground-breaking cohort program aimed at supporting early-stage startup founders in India. The initiative aims to accelerate their entrepreneurial journey, providing selected startups with guaranteed funding, mentorship, valuable resources, networking opportunities, and access to a supportive community. .
Supporting early stage startups
Gear One is a sector-agnostic cohort program designed to support early-stage startups from idea validation to minimum viable product stage. Five startups will be selected to participate in the program and will receive access to quality mentorship, acceleration support, and innovative resources. Selected startups will receive a guaranteed initial angel investment check of USD 100,000 and a follow-up funding commitment of up to USD 250,000.
Main features of the program
- Guaranteed funds: Each selected startup will receive a guaranteed initial investment of $100,000, with the potential for up to $250,000 in additional funding in follow-up rounds.
- Access to resources: Startups will receive access to credits linked to resources worth USD 50,000, including AWS credits, coworking space, and payment gateway tools.
- Networking opportunities: This program provides startups with the opportunity to connect with a large number of VCs, mentors, and like-minded founders.
- Structured learning: During the three-month program, startups receive structured learning, support, and mentorship from successful former startup founders and experts in the field.
Startup ecosystem support
PedalStart co-founders Manas Pal and Aditya Daroliaexpressed excitement about the launch of ‘Gear One’ and highlighted its three-dimensional approach focused on acceleration, funding and community. Aditya Arora, FAAD Network CEOemphasized the program’s objective of promoting the successful launch and growth of early-stage startups.
How to apply
Start-ups interested in applying to the “Gear One” program can join the wishlist by filling out a form on the PedalStart website. The application process includes an intensive three-stage screening process, and only five shortlisted startups will join the cohort.
