Network18 & DS Group launch Pulse The Venture
The last decade has seen the birth of remarkable new age startups in India. The startup scene in the country is undergoing a rapid transformation. Budding entrepreneurs are receiving support not only from the government in the form of special policies but also from investors who are constantly on the look-out for new prospects. In this exciting entrepreneurial environment, Pulse The Venture, a joint initiative of Network18 and DS Group is scouting for the next big entrepreneurial idea that is yet to be born.
With an objective to reach out to aspiring entrepreneurs, Pulse The Venture is an exclusive platform where the best of business ideas meet the greatest of inspiration, in a high impact televised reality series on CNN-News18 & CNBC-TV18. The winner of the series will receive seed funding of INR 1 crore as an investment in the winning idea.
Speaking about the initiative, Radhakrishnan Nair, Managing Editor, CNN-News18 said, “In a country where the startup scene is still in infancy, a number of ventures with extraordinary ideas have not prospered due to lack of investment and resources. With Pulse The Venture, we aim to provide these budding entrepreneurs not only with funding but also the necessary expertise to help them turn their business ideas into reality.”
Ritesh Kumar, Promoter, DS Group said, “The story of DS group is hinged on entrepreneurship and innovation. Entrepreneurship is necessary for a country as it not only creates job but also nurtures a culture of enterprise. The Indian startup ecosystem definitely needs a strong back up from the investor community. Pulse, The Venture aims to provide aspiring entrepreneurs with the opportunity to pitch their business ideas and win seed funding for their venture.”
The rigorous selection process will involve shortlisting of the Top 100 ideas by a screening jury including an independent process partner, interviews through video conferencing with the Top 100 contestants, zonal selection events in 4 cities and a televised battle of minds between 24 of India’s brightest ideators, in the presence of a grand jury.