Guwahati: In a bid to give budding entrepreneurs of the Northeast an opportunity to get on to a path of accelerated funding, the hugely popular India Fund Fest — which has had four successful editions since 2016 — has launched its first-ever ‘North East India Fund Fest’, the grand finale of which will be held at Vivanta by Taj in Guwahati, Assam on February 28.
The event is being organised in partnership with TiE Guwahati. The platform is owned by Natio Cultus Consultancy Pvt Ltd, Hyderabad. Registrations opened on January 24 for the inaugural edition and the last date for submission of applications has been extended to February 17, 2020 on popular demand.
After scanning through initial applications, the finale will be held on February 28, 2020, where top 20 startups selected from thousands of applications will pitch in a TV show format for spot deals of an estimated minimum total value of Rs 5 crore in the day.
The selection of these startups will be made by an eminent jury and through a proprietary ‘Investor Readiness Report’ process, ensuring the companies are thoroughly vetted. The entrepreneurs will be from a wide range of industries. The finalists will be pitching in front of 8-10 ‘Master Investors’ to get deals needed to take their businesses to the next level.
The event will be recorded to be telecast as a web TV series on the North East India Fund Fest YouTube channel.
Nalin Singh, founder of Natio Cultus Consultancy Pvt Ltd and author of the bestseller and national honour winning book Get Funded Now, and Vijay Sambamurthi, founder and managing partner of leading corporate law firm Lexygen and the co-founder and secretary of TiE Guwahati, will be the ‘Deal Masters’ for the North East India Fund Fest 2020. They will be interacting with the founders of selected companies to coach them about their pitch and funding strategy from a week in advance.
Other than the 8-10 ‘Master Investors’, there will be an audience of 100+ invited investors and business experts from Indonesia, Singapore, USA and other countries, attending this prestigious event. Partner incubators and accelerators from India will also be a part to witness the live pitching session.