MoU was exchanged on Friday, 31st August 2018 between The Sedibus and Hyderabad based The Entrepreneur Zone (TEZ) to kick start one of their signature cohorts, Startup Accelerator Innovator Program in Vijayawada.
The Sedibus, first of its kind Startup ecosystem platform in Andhra Pradesh is an incubator with maker space, accelerator with mentors and industry collaboration, offering Cowork space in Vijayawada and viable networking platform to the young entrepreneurs in Andhra Pradesh. The Sedibus focuses extensively on deep tech start-ups and concentrates on AI, ML etc in high growth areas like smart cities, health care & agri tech sectors. Vijayawada will be their first 360 degree undertaking to nurture complete startup ecosystem within the state. To this effect, they have joined hands with TEZ to conduct the Startup Accelerator Program in Vijayawada. The first cohort will be conducted in October.

The Entrepreneur Zone (TEZ) is a well-known Startup Accelerator, which provides a complete eco-system for creating entrepreneurs. TEZ is an official Help Centre & Hand Holding Agency under “Stand-Up India” Scheme. They conduct Startup Accelerator Programs in association with TBI of University of Hyd (UoH) and AIP-ICRISAT, nurturing and supporting entrepreneurial plans and shouldering from idea to start-up. The Accelerator also provides consultancy to ED Cells of colleges/Universities, and conducts Workshops & Business Plan/Shark Tank Competitions along with Faculty Training in Entrepreneurship.

TEZ services include developing business plans, market research, industry analysis, prototyping services, company incorporation, founder & other agreements, Go-to-market strategy, branding, media launch; fund facilitation and post-fund mediation, to the aspiring Startup rookies. TEZ is presently nurturing its 8th cohort of Startups at UoH and 2nd cohort of Agripreneurs at ICRISAT. They have conducted Entrepreneurship & Business Plan Talks/workshops/ bootcamps/hackathons in various educational Institutions and Universities. The Founder& MD, Dr. Nandita Sethi is a mentor for TiE, BYST, GIT, CII-IWN, and for the incubators at, UoH, ICRISAT & NALSAR. She has been awarded the best mentor award for 2016-17 in the TiE-ISB Connect 2016.TEZ has trained and mentored about 32 startups that have been launched so far.

“We are extremely delighted about association with TEZ. This would be our first move to establish solid startup foundation for young entrepreneurs in the capital region of Andhra Pradesh. Collaborating with TEZ will bring in significant results, with their excellent mentorship program that has a proven track record of training and nurturing startup entrepreneurs with the requisite skills. They will conduct their Startup Accelerator Program at The Sedibus, with a module specially designed for the target cohorts,” said Y Harish Chandra Prasad, Founder and Chief Mentor, Malaxmi Group.

Deepa Balasubramanian, Head of Corporate Affairs, Malaxmi Group who was present during the MoU signing will be spearheading this entire process. “This is just the beginning of many promising ground level events and initiatives to come from The Sedibus. We are taking the Startup Ecosystem in AP rather seriously and will work to contribute to the maximum extent,” she said.

“We are excited to associate with The Sedibus to foster entrepreneurship and startups in AP. This is a great partnership between a complete startup ecosystem platform and an Accelerator, which together should give a full range of offerings and exposure to aspiring entrepreneurs. We hope that through our structured Accelerator program we can help spread entrepreneurship and strengthen many Startups,” said Dr. Nandita Sethi, MD, TEZ (A unit of Zen SkillProc Pvt. Ltd).