Bringing Y Combinator's Incubator Model to India
What works in the U.S. can work here, too–it’s a tenet held by many entrepreneurs and venture capitalists in India and other emerging regions of innovation. While not everything should be duplicated, one small Indian firm believes it can apply the model employed by Y Combinator, a Mountain View, Calif.-based business accelerator and seed fund.
Founded in 2007, Morpheus holds four-month business accelerator programs where it works with 20 very early-stage companies, taking a four to eight percent equity stake in exchange for advice, mentoring and business connections.
Now the firm, made up of three partners with entrepreneurial experience, will also invest capital in these start-up companies, the same way that Y Combinator does. The firm has raised a small fund of about $250,000 from unnamed high-net-worth individuals for the next two incubator sessions and will seek to add on further funding.