Questions

FAQs for Accelerator

The company should be post MVP and have a recurring revenue base. More details can be seen here

Travel and Logsitics expenses for domestic trips are to be completely borne by the startup.

Application phase is now closed.

Click the link here to view our timeline.

We require (and accept) only 1 application per company/team. If your company is selected, we will encourage all co-founders to attend the program.

This program is not a residential program, which means that the startups are requested to participate in relevant sessions/ events specially curated for their benefit. These events showcase them to various groups of investors, mentors and corporates. Few separate sessions are also organized to help them fix/ enhance core and peripheral functionalities in areas such as technology, GTM, investor pitch etc.

At least one co-founder must be present for these. All other co-founders are also free to attend all the sessions. The mentorship can be done remotely, or through physical presence as decided by the startup and the mentor. There might be additional contact days organised by our ecosystem partners including but not limited to corporates/clients and investors.

Supply Chain Labs is an initiative rolled out by Lumis Partners with the objective of accelerating growth of supply chain startups in the Indian Ecosystem. Lumis is focussed on the supply chain sector in India, and believes that this program will go a long way in enabling selected startups to make a impact in this space.

No. For the purpose of this program, we are only onboarding logistics and supply chain startups. Our other areas of interest are Human Capital, Healthcare and Technology.

If you choose to go to MIT Zaragoza, you will have to bear the visa, travel and food expenses. Other expenses such as subsidised program fees, accommodation, academic and corporate material etc. will be borne by Lumis and the Startup in a 50-50 split. The overall cost to be borne by you would be approximately Rs 2.5 Lakhs.

Their offerings should cater to the supply chain industry, and their solution/product should have a competitive advantage compared to other companies in the market, with technology as a backbone.

No funding will be given upfront. Lumis Partners will at its discretion get into next level of deeper collaboration with some or all of the cohort of selected startups for funding.

The requirement/stage of company can be viewed here .

No, you do not. However, any non-India based startups will have to manage the logistics for attending this program by themselves.

Lumis Partners will at its discretion get into next level of deeper collaboration with some or all of the cohort of selected startups for funding.

Lumis Partners is instituting this program in the spirit of broader collaboration with the Supply chain ecosystem in India. As such, it is not taking any fee or sweat-equity from the participants for this program. It will only take a “right to invest” construct with all selected startups in the cohort, the details of which will be shared in due course of time.

None, as there is no equity or fees requirement from Lumis Partners' side to be a part of the program. It will only take a “right to invest” construct with all selected startups in the cohort, the details of which will be shared in due course of time.

All startups that apply to the program will be directly evaluated for funding by Lumis Partners. Further, startups selected for the program will get exposure to a wider investor community. Lumis Partners will at its discretion get into next level of deeper collaboration with some or all of the cohort of selected startups for funding.

We aim to collaborate with the broader VC/PE ecosystem; we will invite other funds, angel investors and ecosystem partners to mentor the startup founders and take part in future funding rounds.

The following components will enable you to accelerate your company:

  • Lumis Community: Lumis Partners' community of experts, investors and corporates will add value to your experience by enabling you to hack your growth
  • Expert Sessions: Various sessions conducted by experts will enable you to get an insight on how a startup functions. Sessions will range from legal, company setup, fundraising, technology architecture, personality coaching etc.
  • Mentors: Our mentor panel of industry leaders will assist you throughout the program, be it in ideating growth strategies or getting down into the weeds with you when required.
  • Academia: Your one week long trip to MIT Zaragoza will give you exposure to international best practices in the field of logistics and supply chain, which you can incorporate in your startup.
  • Corporates: Access to curated corporates through our network, for potential POCs.
  • Investors: Access to interested investors through our network for potential funding opportunities. 
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