City-based investment and speed scaling platform for early growth stage startups, Anthill Ventures, along with film production and distribution firm, Suresh Productions, on Wednesday announced the conclusion of of its Anthill Studio accelerator programme with seven media and entertainment startups presenting their technologies on ‘Demo Day’ at the IndiaJoy Expo in Hyderabad.
The programme had handpicked seven startups from 150 applications that they got from all over the world.
It selected ComicFlix, NewsPlus, RecoSense, Rooter, Saranyu, Scapic, and Woodcutter Film Technologies for the maiden cohort. The start-ups developed products in Augmented Reality and Virtual Reality, Visual Effects , Cloud Rendering, Artificial Intelligence (AI), Internet of Things (IoT) and Big Data.
All the seven startups went through three-month mentoring programme during which they worked with more than 20 subject-matter experts bringing in-depth experience in business, investment and entrepreneurship. It also assisted startups in meeting their go-to-market plans by generating revenue opportunities, building scalable business models and managing the team dynamics along with access to studio facilities and industry connections. Anthill Ventures and its network of investors have made strategic investments in selected startups for an undisclosed amount.
Prasad Vanga, founder and CEO, Anthill Ventures, said, “Anthill’s commitment to speed scale startups has accomplished another milestone with the successful completion of our latest accelerator programme, Anthill Studio. We are thrilled by the success of the seven startups selected and mentored during the programme.”