: Axilor Ventures, which runs an accelerator programme for start-ups and is a seed investor, has expanded in the Chennai market by opening a new office in the city today.
The 65-seat facility would operate from IIT Madras Research Park, a company statement said.
"Chennai is an apt location for Axilor's first market expansion. Not only it is credited with some of the country's best startups, but also education institutions like IIT Madras," Axilor Ventures, Chairman, Kris Gopalakrishnan said.
Accelerators support early stage startups by offering education, training, mentoring and by providing capital.
"Axilor's launch in IIT Madras strengthen the ties with the institution and we will explore the potential of investing in startups", he said.
As part of setting up the centre, the programme has invited applications for the seventh accelerator programme 'COHORT' scheduled to begin in March.
Talking about it, Axilor Ventures, Programmes-Head, Asutosh Upadhyay said, "Over the last three years, Axilor's accelerator programme clearly emerged as the top choice for founders of early stage tech startups."
Applications for the seventh COHORT programme are open till February 28 and it works with startups engaged in consumer, enterprise, financial technology and health.
Axilor Ventures has supported more than 80 startups over the last three years, the release added.
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