Investors meet was organized at the Sunrise Incubation Hub on ITSEZ Rushikonda on Tuesday, where 20 shortlisted startups pitched their products to the investors and developers.
AP Innovation Society in association with (FICCI) Federation of Indian Chambers of Commerce and Industry & the IC 2 Institute of the University of Texas at Austin conducted the event. 20 startups had been filtered from 200 and the shortlisted ones pitched their products to 8 investors.
The Investors meet was conducted by senior investors and selected innovators. The reason was to connect the investors with high-potential technology startups from XLr8AP and other APIS programmes. XLr8AP is a startup accelerator and joint venture of AP government, FICCI and IC2 Institute.
The vision for XLr8AP is to start a world-class technology innovation ecosystem, at sunrise state a view to creating jobs and wealth, working with the technology startups in the advanced capacity building, increasing speed in to the global marketplace and mobilization of venture capital.
The major target of the event was to create a concentration in investment in most suitable companies, depend on the presentation of their value proposition and market entry a plan of action designed to the investor panel. Begin its first cohort of 33 companies on 19 September 2016, the companies in Xlr8AP portfolio have successfully reached effort in excess of US$3.4 million in incremental income, with 200 commercial deals in many stages of development.