build3 Announces Cohort 3 of Its Flagship Impact Accelerator, Invites Applications From Early-Stage Startups

Nitin Konde, Apoorva Bajj

Sep 13, 2024 — 2 min read

build3 Announces Cohort 3 of Its Flagship Impact Accelerator, Invites Applications From Early-Stage Startups

On 12 September 2024, build3, the premier ecosystem for the development of impact startups (startups that are both for-profit AND purpose), announced the launch of the 3rd Cohort of their flagship Impact Accelerator program.

The program is currently accepting applications from early-stage startups. Beginning in the first week of November, the third cohort will function as a virtual accelerator program. The cohort has opened applications for participation. Shortlisted businesses will receive financial support of INR 25 Lakhs after the 10-week program. With the potential for additional funding cycles through build3's demo day initiatives.

Following the Success of 2nd Cohort, the 3rd Is Launched

On the heels of the Impact Accelerator's successful second cohort, which attracted 27 startup founders, the current cohort has been announced. In addition, 19 startups were established during the second edition. Three of these popular startups, namely OnHire (curated freelancer marketplace), Bolofy (AI-powered voice assistant), and ReNewCred (carbon credits registry & ratings), each received a pre-seed investment of INR 25 Lakhs from build3.

The third cohort will endeavour to emulate the success of its predecessors, with applications closing on October 15. build3's pan-sectoral investment strategy will prioritise early-stage companies that are in alignment with the Sustainable Development Goals (SDGs) as defined by the United Nations (UN), with an emphasis on Environmental, Social, and Governance (ESG).

The Evaluation Process to Be Accepted in the 3rd Cohort

Applicants who are accepted into the third cohort must submit a thorough application, which is followed by an online interaction with the candidates who have been shortlisted. Identifying capable founders who are committed to their respective ideas and in alignment with build3's vision of constructing and scaling impact businesses is the primary goal of this process.

In order to enhance the skills of founders, the shortlisted candidates will participate in a 10-week programme that includes workshops and keynotes on market research, GTM, product/service development, storytelling, organisational behaviour structuring, fundraising, accounting, and compliance for startups.

In addition, the programme will provide mentorship from successful founders and domain experts, networking opportunities, access to SaaS tools, and free credits from AWS, GCP, Zoho, and over a dozen other providers. On top of that, the 300+ creators, mentors, and investors who comprise build3's vibrant community will be incorporated with the shortlisted founders.

According to Varun Chawla, Co-Founder of build3, the cohort's objective is to assist 100K impact founders in the development of enterprises that positively impact the mind, body, and environment over the next decade. This is a testament to the growing interest among individuals in India in establishing startups for profit AND purpose. Firm is eager to collaborate with more than 50 founders in its third cohort.