Mcats provide early-stage startups into market-ready products, says Sharma
India’s fastest growing accelerator, Marwari Catalysts (Mcats), says India has emerged as the third largest startup ecosystem in the world with 72,993 recognised startups by the Department of Promotion of Industry and Internal Trade (DPIIT) as of 30 June 2022.
The startup ecosystem is aspiring to be the world’s number one and the industry is growing with a vision to make entrepreneurship a preferred career choice for the youth.
The Jodhpur-based accelerator has highlighted the State and Central Governments efforts in creating a dynamic and collaborative ecosystem, enabling easy availability of work-spaces, funds, relevant technology, skilling and mentoring support, as well as access to high-leverage markets.
Mcats said it is also working actively with iStart Rajasthan, a flagship initiative under the aegis of Department of Information Technology and Communications (DoIT&C) to foster innovation, create jobs and facilitate investment.
Marwari Catalysts in association with iStart is set to play a democratising and enabling role in Jodhpur to support entrepreneurship.
It pointed out that iStart Rajasthan has more than 1,700 approved startups that has created above 20,000 job opportunities and funded 300+ startups with over Rs.9.5 crore since August 2021.
Emphasizing the state intervention to accelerate the growth of entrepreneurship, Mcats highlighted that Rajasthan has provided integrated comprehensive platform to registered startups with state of art incubation space, capacity building workshops, mentorship support, investor connect, monetary support etc.
The Hub and Spoke model with Techno Hub Jaipur at Centre, iStart Nests at Divisional Level, and Incubation Cells at District Level will create a mesh of compelling startup ecosystem in the state.
Working closely with iStart, Mcats backed startups are availing the bouquet of benefits under State Startup policy.
“India is at the right stage for startups, and MCats as an accelerator has always made its efforts towards providing an efficient platform to translate early-stage startups into market-ready products,” Sushil Sharma, Founder & CEO, Marwari Catalysts said on 16 July 2022 from Jodhpur.
“Today, this latest funding gives a strong validation to our startups from the government and with such state and central government startup initiatives, it will definitely accelerate the growth trajectory of our startup ecosystem in near future,” he said.
Mcats has been enabling startups across geographies and industries to realise their vision in a seamless manner, thereby connecting the dots in the startup ecosystem.
It has been acting as a bridge between startups and investors, effectively building a unique startup dedicated framework that has helped entrepreneurs acquire funding and bagging successful multi-million dollar exits.
Recently, a few of Mcats portfolio startups have raised Rs.1.5 crore from the State and Central Governments’ startup facilitation schemes. fiinews.com
