Onlykashmir.in News Desk
In a significant development, Excitel’s Co-founder, Vivek Raina, along with Muheet Mehraj and five other founders, launched an early-stage startup incubator fund called “Launchpad Kashmir.” This sector-agnostic initiative aims to fund and incubate 24 startups by FY’25, supporting them from the ideation stage to seed funding.
Key Points:
• Launchpad Kashmir will provide space, mentorship, training, and funds for proof of concept.
• The initiative targets startups in Jammu and Kashmir with investments ranging from INR 20 to 25 lakhs.
• Founders include industry professionals from various sectors.
• The program aims to create connections between entrepreneurs, venture capitalists, and angel investors.
• Focuses on addressing challenges faced by local entrepreneurs in training and mentorship.
Vivek Raina emphasized the need to support local entrepreneurs in scaling their ideas nationally and globally, while Muheet Mehraj and Namrata Kaul highlighted the importance of exposure and mentoring for young startups in the region.
