Aditya Birla Bizlabs Launches a 20 Day Program to Work with Startups

Aditya Birla Group has launched a new initiative called Aditya Birla Bizlabs to collaborate with startups offering innovative solutions in the areas of Retail, Financial Services or Mobility as Aditya Birla group has large enterprises in the corresponding areas Idea Cellular, More, Pantaloons, Madura Fashion & Lifestyle and Aditya Birla Financial Services.

During the 20 day program of Bizlabs the selected startups will get access to CEOs and other top leaders of the Aditya Birla Group and a chance to network with reputed industry experts. The initiative will provide startups with an opportunity to scale-up in a large operating business environment, as reported by ET.

The startups may also receive an investment from an independent arm of the Aditya Birla Group. Talking about the company’s initiative, Dev Bhattacharya, Group Executive President, Aditya Birla Group said, “Our objective at Aditya Birla Bizlabs is to enable the combination of the technology and ingenuity of the startup ecosystem with the power and reach of the Group’s businesses to create a platform to foster growth and rapidly scale-up businesses. We are excited with the prospect of working with start-ups on a collaborative platform.”

All that the startups need to do is fill up the form available on their website (click here). The startups which get shortlisted will have to present their ideas to CXOs of the Aditya Birla Group. The selected startups will have to later pitch in their ideas to the panel of judges which will include CEOs and business directors of the Aditya Birla Group.

Similar Read:  10 Innovative Startups Changing India With Smart City Tech Applications
Category  
  • AndyBoy

    The 20 day program is a sham, the selected startups haven’t been invited for any mentorship program as such. They’ve been told about a Director’s day pitch that’s supposed to end with a ‘possible’ commercial arrangement and funding. Overall a very amateurish attempt by Aditya Birla Group to dip into the start up ecosystem hog innovative ideas and determine threat to their existing lines of business.