BLS International Services Limited, an acknowledge leader in the provision of Government to Citizen services today kick started BLS Accelerator, a start-up accelerator program to help innovative business attain the right mentoring and scale.
As a part of the program, BLS Accelerator will support early stage start-ups with up to INR 50 lakh seed fund along with rigorous mentoring in areas such as technology, upgradation of citizen services, product ideation and development, and go-to-market strategy. For start-ups at their growth stage, BLS Accelerator will not only be an investor but also facilitate market exposure to more than 60 countries where BLS International currently operates. The first batch will handpick five start-ups based on their value proposition, market traction, and team credentials. The program is sector agnostic. Therefore, any start-up can be part of this program on merit basis, irrespective of their sector of operations.
Commenting on the announcement, Mr. Shikhar, Joint Managing Director, BLS International Services Limited said, “BLS International is amongst top 3 players in the world for Visa, Passport, Consular, and Citizen Services. We always look forward to push the boundaries by not merely excelling in the core business but also by investing in the future. Our decision to start BLS Accelerator is a way to support the future Indian business leaders on their initial journey and scale both in India and globally. We see this as a great opportunity in innovation & technology business and at the same time, support the Startup India initiative by the Government.”
Talking about the program, Riya Aggarwal, Chief Executive Officer, BLS Accelerator said, “India is at an inflection point of its start-up ecosystem. The spirit of entrepreneurship in the country has never been so high in the past. Therefore, I believe that this is the right time for BLS Accelerator to start its operations. The vision of BLS Accelerator is to support the Indian businesses leverage BLS International’s global & Indian presence and experience and develop global scale and competence.”
The 3-months long program promotes the start-local- and-go-global approach for Indian companies. In the next 2-3 years, BLS Accelerator targets investment in more than 100 promising global and Indian start-ups.