Nurturing Digital
Entrepreneurship

GENNEXT INNOVATION HUB

“At GenNext Hub, RIL is catalysing a unique start-up ecosystem, which rests on the tripod of talent, technology and trust. This venture is aimed at spotting and encouraging ‘talent’, helping them harness their ‘technology’ and backing them by putting total ‘trust’ in them.

Dr. Raghunath Anant Mashelkar,
Chairman, GenNext Ventures, Board Member, RIL

During the four-month-long programme, GenNext Hub conducts workshops and mentoring sessions for start-ups in the areas of customer development, market traction, operations, product roadmap, fund raising and pitching. It also provides expertise in IP, legal, financial compliance, HR and specific sectorial expertise. GenNext Hub is uniquely positioned as a global programme that helps start-ups think big and grow fast.

GENNEXT HUB’S WINTER 2014 COHORT START-UPS

A passenger safety and engagement platform. axlerate.com
A connected car platform. mycariq.com
A virtual trial room platform. coitor.com
A personalised education content curation platform. flexiguru.com
A proprietary location content distribution company. fropcorn.com
A predictive healthcare analytics company. 360hvpl.com
A pre-testing skill assessment company. interviewmocha.com
The world’s first answering engine. thelightapp.com
A last mile logistics solution provider. loginextsolutions.com
A last mile logistics solution provider. oztern.com
An event discovery and engagement social media platform. mocioun.com

GENNEXT HUB’S FALL 2015 COHORT START-UPS

Provides operational intelligence for wind turbines, met masts, solar plants and other Internet of Things (IoTs). algoengines.com
India’s first consumer credit analytics and online management tool to help build healthy credit profile for individuals. creditseva.com
Mobile app that guarantees to instantly connect patients to doctors from best hospitals over the phone in under 1 minute. curefy.in
A centralised procurement solution for the hospitality industry. efficientbazaar.com
The leading Peer-to-Peer (P2P) lending platform from Israel entering India. eloan.co.il
Mobile and cloud based field force mobility solution to sales, service and delivery function for visualising realtime activities on the field. fieldomobify.com
A new kind of fitness membership that provides access to the best gyms and fitness classes in the city. fiticket.com
Enabling offline merchants to accept new age payments without the need for any additional hardware or an app and with minimal learning curve. letsbinge.com
The hyper-local advertising platform that helps businesses to accelerate their sales within the locality in an easy and affordable way. pickcel.com
An online sports eco-system that helps people to connect, network, schedule and engage in sports, fitness and a healthy lifestyle. playfiks.com
A technology powered, intra city, point-to-point logistics company. vdeliver.in

GenNext Hub is a Reliance-backed start-up programme powered by Microsoft Ventures, to catalyse the start-up ecosystem for a digital India. Launched in September 2014, it has completed two batches of the programme and has a total of 22 start-ups successfully graduating from the Hub. It is headquartered in Reliance Corporate Park, Navi Mumbai.

COLLABORATIONS

GenNext Ventures Fund (GVF)
GVF is an arm’s length venture capital fund sponsored by Reliance. GVF invests in global start-ups (including India, Israel, UK and the Silicon Valley) which have the potential to build sustainable businesses, providing growth capital and scaling impetus.

Value-Add beyond Capital
GVF believes ‘capital is merely an enabler’ and supports building successful businesses in multiple ways, including:

Test-beds/Pilots: Start-ups get test-beds/pilots with Reliance and other corporate partners of GenNext to test/prove emerging technologies in real business environment.
Domain Expertise: Leverage Reliance’s diverse industry presence and expertise to gather strategic insights that may help refine the start-up’s product, go-to-market strategy, alliances, etc.
Extensive Global Network: Start-ups get access to RIL’s global ecosystem for business insights, mentoring and guidance, international markets, new customers, new partners, etc.
Cross-Portfolio Synergies: Leverage RIL’s portfolio companies for cross-industry knowledge and expertise, technology solutions, alliances and joint Go-to-Market.
Value-added Support: On multiple dimensions including business planning, team-building, branding and marketing, growth strategies, global expansion, etc.

SELECT PORTFOLIO COMPANIES

GVF has selectively invested in India and US based companies that have developed cutting-edge technologies and are scalable across global markets. The founders have impeccable credentials and are passionate about creating world-class companies. Selected investments include:

Videonetics (GVF)
A pioneering Video Computing company whose indigenously developed integrated Video Management Software (VMS) and Video Analytics (VA) solution are deployed in 70+ airports in India. The product can be used for video surveillance, automated number plate recognition, redlight violation detection and facial recognition. While its primary application is in the field of surveillance, the product also has application in segments like retail and healthcare.

Ecorithm
Ecorithm provides Energy Efficiency solutions i.e. to diagnose and optimise energy wastage in building complexes.

Buildings account for nearly 40% of global energy consumption1 and produce a larger carbon footprint than all transportation systems combined. Ecorithm’s suite of technologies helps analyse complex, dynamic systems through physics-based pattern recognition and can be applied to building systems and various other enterprise solutions to improve operations and minimise energy use.

GenNext Ventures and Ecorithm agreed to collaborate in environmental design and optimise energy efficiency in buildings in India.

1(as per United Nations Environment Programme)

Fall 2015 Cohorts Start-ups