RT team
Accel introduced the fourth iteration of its pre-seed scaling initiative, “Accel Atoms 4.0.” This latest edition aims to invest up to $1 million in each startup focusing on artificial intelligence (AI) and innovations for rural India, commonly referred to as ‘Bharat’.
The program, evolving from its three successful predecessors, targets startups catering to middle-income households in Tier 2, Tier 3, and rural areas, alongside those developing AI technologies. Since its 2021 launch, Accel Atoms has facilitated over $200 million in funding for 32 startups, including DhiWise and Spendflo.
The 4.0 cohort, a three-month hybrid venture, is geared towards idea-stage and pre-product startups. It offers equity or convertible notes, plus perks exceeding $5 million from Accel’s network partners. Participants will also benefit from the vast Accel community, comprising over 200 founders, mentors, and potential customers.
The AI cohort, led by Accel partner Prayank Swaroop, seeks visionary founders worldwide, focusing on startups that enhance the AI ecosystem, whether through business applications or development tools. This cohort will consider projects ranging from small language models to AI infrastructure solutions like testing tools and security frameworks.
Conversely, the Bharat cohort, headed by Accel partner Anand Daniel, supports founders aiming to transform rural India. This segment focuses on diverse sectors, including e-commerce, financial services, healthcare, and education, highlighting the substantial, often overlooked market potential in rural regions.
Applications for this transformative program open on September 16, 2024, promising a new wave of innovation and support for early-stage entrepreneurs.
