Turbostart, a global startup accelerator and fund with a focus on early-stage startups, has announced the launch of its global cohort, providing startups worldwide with the opportunity to secure funding of up to $1 million. While Turbostart is sector-agnostic, it primarily supports technology-driven ventures and operates in key regions, including India, the USA, MEA, and Singapore. This initiative not only offers financial support but also facilitates access to international markets and business acceleration services for selected startups.
The application window for startups to join the cohort officially opened on Tuesday, October 24, 2023, via Turbostart’s website.
What sets Turbostart apart from traditional accelerators and funds is its commitment to providing tailored, sustained support over a more extended period, aligned with the unique needs of each startup. Turbostart sees itself as a dedicated partner to its investee startups, leveraging its extensive network and diverse talents to help accelerate their journeys. This collaborative approach empowers startups to validate their concepts swiftly, expand their operations, and benefit from strategic interventions, fostering rapid and sustainable growth.
Over the past four years, Turbostart has successfully closed four rounds of funding, totaling $50 million. They have meticulously selected around 40 startups from a pool of over 6,000 applications spanning 30+ countries and 15+ sectors. These include startups in sectors such as edtech, healthtech, fintech, e-commerce, AI and ML, and renewables.
Ganesh Raju, the Founder and CEO of Turbostart, emphasizes the belief that innovation transcends boundaries, and great businesses can emerge from anywhere in the world. Turbostart’s expansion aligns with its commitment to fostering a diverse and inclusive entrepreneurial ecosystem where promising startups can thrive. By providing resources, guidance, mentorship, and global market access, Turbostart aims to support visionary entrepreneurs, regardless of their location, and help them scale their businesses effectively.
Turbostart’s rigorous selection process invites startups from various global regions to apply, involving careful curation of top applications by the team, multiple evaluation rounds led by the internal investment committee, and a final round with the global investment committee. This process is followed by comprehensive due diligence, which includes audits and analyses, ultimately leading to successful deals.
Turbostart’s commitment to supporting startup growth extends to its comprehensive ecosystem of seasoned investors, advisors, and six Centers of Excellence (COEs). These COEs, led by domain experts, focus on key areas where startups require strategic and execution support.
Annually, Turbostart identifies and nurtures high-potential startups from around the world. Their unique model, which combines being both a fund and an accelerator, extends its presence globally, offering startups a wealth of resources and expertise to help them thrive.
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About Turbostart:
Turbostart identifies innovative startups led by winning teams across global hotspots, sectors, and stages. The team consists of business leaders, strategy consultants, serial entrepreneurs, and venture investors committed to helping startups derive value beyond investment.
