Invention Engine

Invention Engine is an organization based in Delhi NCR, India, dedicated to fostering the growth of early-stage AI and deeptech startups. Founded by Varun Aggarwal, Shailendra Nath Jha, and Shubham Bansal, the organization operates the ACE accelerator program, which partners closely with founders for six months to help them develop their products and go-to-market strategies.

Invention Engine invests in AI and deeptech startups, providing up to $100,000 in unrestricted seed funding. The ACE program emphasizes mentorship, offering over 120 hours of one-on-one time with experienced founders. It assists startups in identifying their ideal customer profiles, refining their products, and crafting effective go-to-market strategies.

The program offers extensive mentorship, access to a Global Customer Advisory Board, and significant seed funding to help startups refine their products and strategies.

<p><strong>What are the eligibility criteria for the ACE program?</strong></p><p>Startups must be in the early stages of development, focusing on AI or deeptech sectors. Founders should demonstrate a commitment to refining their products and strategies.</p><p><strong>How does the application process work?</strong></p><p>Interested startups can apply through the Invention Engine application page at <a href='https://inventionengine.in'>inventionengine.in</a>. The application involves submitting a detailed business plan and pitch.</p><p><strong>What are the deal terms for accepted startups?</strong></p><p>Invention Engine provides $100,000 in unrestricted seed funding. Specific equity terms are not disclosed, allowing founders to maintain control over their startups.</p><p><strong>What is the format of the program?</strong></p><p>The ACE program is primarily in-person and lasts for 26 weeks, featuring weekly mentorship sessions and workshops.</p><p><strong>What makes Invention Engine different from other accelerators?</strong></p><p>The emphasis on mentorship, access to a Global Customer Advisory Board, and unrestricted funding sets Invention Engine apart, providing startups with valuable insights and resources.</p><p><strong>What metrics does Invention Engine use to measure success?</strong></p><p>Success is measured by the progress of startups in product development, market entry, and funding raised post-program, along with the overall impact on the founders' growth.</p>