GHV Accelerator Inks Partnership With World Innovation Lab

Growth Drivers Speeding Up: GHV Accelerator Inks Partnership With World Innovation Lab

Delhi's Green House Ventures Accelerator or GHV is all set to launch a partnership with Japan based venture capital fund World Innovation Lab. The partnership is following the launch of GHV itself by Angel investor Vikram Upadhyaya. The new partnership between the Delhi firm and the Japanese venture capital fund will invest in disruptive startups with international appeal. The World Innovation Lab helps to enable startups to close the gap between their domestic market and the US market. This is a partnership which is making its entry into the Indian startup field recently and it has potential to impact and drive growth in this sector.

WiL or World Innovation Lab is founded by internet entrepreneurial talent and serial technology leader Gen Isayama along with ex chief incubation officer of Yahoo, Masataka Matsumoto. Both will come on board as mentors for the startup which will be located at GHV. 5 days of the month will be spend working for the welfare of these startups, according to an Economic Times Report. "India today looks like what China was 10 years back and growth here will be much stronger in the next few years. We would like to fund a couple of companies from GHV if there is a strong connection to Silicon Valley or Japan. If we see benefits of cross-border mentorship and regular dialogue, the next step will be to set up a fund or facility which we can jointly run to continue our relationship," said Isayama, co-founder and Chief Executive Officer, WiL.

Via this partnership, WiL will be promoting growth and expansion of the GHV startups in international markets thereby targeting Japan and the US for increasing client reach as well as visibility and building a strong as well as defining product. Following the acceleration, World Innovations Lab will also study the GHV startups for funding them as Series A Investors. Around USD 5 to 30 million will be invested in the startups in early as well as growth stage technology and internet startups through numerous investment rounds. The same thesis will be followed for GHV startups as far as investment is concerned.

WiL's network will also serve to help the startups to expand in the right direction. "The partnership brings an entire ecosystem in place, mentoring support, global expertise and a Series A funding opportunity for our startups. I see these three things as strong value of the partnership," Vikram Upadhyaya, chief mentor at GHV was quoted by ET as saying.

"Our partnership is strategic in nature and vision is to develop a long-term engagement. If successful, we would like to take it global," said Anurag Kapoor, executive director and co-founder, GHV as per an Economic Times report.

Vikram Upadhyaya, Chief Mentor at GHV, also said “We deliberately chose WiL as our first international partner. Our mission is to help startups get to Series-A funding faster. We needed a partner with the ability to fund multiple rounds of investments through different stages as well as the deep connections and infrastructure to take our startups to global markets. In a sense, we wanted an active partner and not just partnerships with logo-exchange and photo-op mindset.”