JioGenNext incubated 170 startups in 7 years, 21 of which is acquired by various firms

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Reliance Industries Limited’s (RIL’s) startup accelerator initiative JioGenNext incubated 170 startups in seven years, according to the Mukesh Ambani-led company’s annual report for the financial year 2021-22 (FY22).

The JioGenNext accelerator programme has 30 corporate partners and more than 90 mentors on board to help startups scale operations and provide funding and portfolio management to selected founders. Since its inception, the conglomerate has said it has run 16 cohorts. JioGenNext claims to have received over 12,153 applications from aspiring entrepreneurs so far. 79 of the 170 mentored startups have raised funding, and 21 have been acquired by various companies. According to the report, startups in the incubator programme have raised more than INR 2,600 Cr in early-stage venture capital (VC).

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JioGenNext incubated 170 startups in 7 years, 21 of which is acquired by various firms

Reliance Industries Limited’s (RIL’s) startup accelerator initiative JioGenNext incubated 170 startups in seven years, according to the Mukesh Ambani-led company’s annual report for the financial year 2021-22 (FY22).

The JioGenNext accelerator programme has 30 corporate partners and more than 90 mentors on board to help startups scale operations and provide funding and portfolio management to selected founders. Since its inception, the conglomerate has said it has run 16 cohorts. JioGenNext claims to have received over 12,153 applications from aspiring entrepreneurs so far. 79 of the 170 mentored startups have raised funding, and 21 have been acquired by various companies. According to the report, startups in the incubator programme have raised more than INR 2,600 Cr in early-stage venture capital (VC).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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