SoftTech Engineers announces AmpliNXT, a hybrid start-up program

15 Jun 2021 CW Team

AmpliNXT aims to improve the AEC sector with scalable start-ups as it understands that with a market size of over 10 trillion globally, the AEC sector hasn’t seen much intervention of technology, and ease of doing business for start-ups is excessively challenging. The start-up ecosystem also lacks proper support for venturing into this sector. This initiative is to bridge the gap between corporates and start-ups through collaborations, support start-ups in scaling up, and encourage more technology-based start-ups to work in the construction domain.

Some of its key features include:

Special access to corporates decision makers
Support product testing with the real customers
Provide a launchpad for commercial piloting
Industry feedback based on SoftTech and its partner experience
Leverage all partners Industry network
Organised go to market strategy for start-ups
Provide a platform to raise investment

The program:

The program will be a fixed milestone and cohort driven suitable for start-ups in the Ideation and MVP stage to learn and grow. The program will take start-ups through an intensive boot camp on all aspects of running a business, one on one mentorship with the presenters, and a milestone-based development phase. The selected start-ups will receive Rs 10 lakh worth of soft support toolkit and also an opportunity to stand for funding of up to Rs 10 lakh and considerations to further funding rounds with our qualified network of investors.

The program will take start-ups across:

Pre-incubation stage – 1 month duration
Incubation stage – 3 month duration
Scale-up stage – 6 month duration

What type of start-ups would be covered?

This program will primarily cover start-ups mainly working in the technological aspects of the AEC domain. Especially start-ups working in artificial intelligence, machine learning, virtual reality, blockchain, GIS, BIM, data analysis, and cybersecurity.

The inclusive support:

Under this program, the start-ups will receive the following support.

Access to infrastructure: This includes co-working space, meeting rooms, software licenses, and other incubation services.

Proof of concept: Peer to peer mentorship with technical and business experts, evaluate traction, validation, product piloting.

Investment preparation: This includes the opportunity to present to qualified investors, funding agents and provide mentorship on the pitch deck, DPR, business model canvas, and financial reports.

Launch pad support: This includes commercial piloting, product utilisation, technology utilisation, technology transfers, connection to corporate partner's business units, and access to client's networks.

Provide shared services such as accounting, CFO, legal, IPR, PR, and marketing and sales support.

Other services such as access to boot camps, seminars, networking events, access to a large community of start-ups, mentors, investors and technical experts.

SoftTech Engineers Limited, a pioneer in the software solutions for Architecture, Engineering, and Construction(AEC) sector has announced the launch of its hybrid corporate venture program, AmpliNXT, to integrate the benefits of an incubator, an accelerator, and a corporate venture. Based on its 25 years of experience in the AEC domain, SoftTech Engineers has come up with this exclusive technology driven program. The first of its kind program for the AEC sector in India, AmpliNXT offers tailored support to industry experts, entrepreneurs, and domain experts. AmpliNXT aims to improve the AEC sector with scalable start-ups as it understands that with a market size of over 10 trillion globally, the AEC sector hasn’t seen much intervention of technology, and ease of doing business for start-ups is excessively challenging. The start-up ecosystem also lacks proper support for venturing into this sector. This initiative is to bridge the gap between corporates and start-ups through collaborations, support start-ups in scaling up, and encourage more technology-based start-ups to work in the construction domain. Some of its key features include: Special access to corporates decision makers Support product testing with the real customers Provide a launchpad for commercial piloting Industry feedback based on SoftTech and its partner experience Leverage all partners Industry network Organised go to market strategy for start-ups Provide a platform to raise investment The program: The program will be a fixed milestone and cohort driven suitable for start-ups in the Ideation and MVP stage to learn and grow. The program will take start-ups through an intensive boot camp on all aspects of running a business, one on one mentorship with the presenters, and a milestone-based development phase. The selected start-ups will receive Rs 10 lakh worth of soft support toolkit and also an opportunity to stand for funding of up to Rs 10 lakh and considerations to further funding rounds with our qualified network of investors. The program will take start-ups across: Pre-incubation stage – 1 month duration Incubation stage – 3 month duration Scale-up stage – 6 month duration What type of start-ups would be covered? This program will primarily cover start-ups mainly working in the technological aspects of the AEC domain. Especially start-ups working in artificial intelligence, machine learning, virtual reality, blockchain, GIS, BIM, data analysis, and cybersecurity. The inclusive support: Under this program, the start-ups will receive the following support. Access to infrastructure: This includes co-working space, meeting rooms, software licenses, and other incubation services. Proof of concept: Peer to peer mentorship with technical and business experts, evaluate traction, validation, product piloting. Investment preparation: This includes the opportunity to present to qualified investors, funding agents and provide mentorship on the pitch deck, DPR, business model canvas, and financial reports. Launch pad support: This includes commercial piloting, product utilisation, technology utilisation, technology transfers, connection to corporate partner's business units, and access to client's networks. Provide shared services such as accounting, CFO, legal, IPR, PR, and marketing and sales support. Other services such as access to boot camps, seminars, networking events, access to a large community of start-ups, mentors, investors and technical experts.

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