<p>Infosys' co-founders, S D Shibulal and S Gopalkrishnan, today launched Axilor Ventures, a business incubator and platform for supporting innovation and entrepreneurship.<br /><br /></p>.<p>The founding team of Axilor Ventures includes Shibulal and Gopalakrishnan along with Srinath Batni, Prof. Tarun Khanna and Ganapathy Venugopal, the company said in a statement.<br /><br />For the selected start-ups, the founders will co-invest through their individual funds. The quantum of investment will range from Rs 30 lakh (USD 50,000) in the accelerator programme to Rs 6 crore (USD 1 million) for early stage companies, it said.<br /><br />Ganapathy Venugopal, former head of Strategy & Planning at Infosys, has been appointed as the Chief Executive Officer at Axilor and will spearhead the venture.<br /><br />While Shibulal and Batni stepped down from Infosys board in July, Gopalakrishnan left as Non-Executive Vice Chairman of the company in October.<br /><br />Another founding member of the venture, Prof. Tarun Khanna is the Jorge Paulo Lemann Professor at the Harvard Business School and Director of the South Asia Institute at Harvard University.<br /><br />Axilor Ventures is a business incubator set up to improve the odds of success of entrepreneurs and early stage companies.<br /><br />It aims at energising the start-up ecosystem in the country by incubating ventures operating in the e-commerce, healthcare, life-sciences, sustainability and clean technology space, the statement said.<br /><br />Axilor will focus on scalable, disruptive and technology-led business ideas from budding entrepreneurs and experienced professionals with entrepreneurial aspirations.<br /><br />In its initial stage, the venture will run three programmes - Accelerator, Entrepreneur-in-Residence and Early Stage Funding.<br /><br />Besides helping entrepreneurs and early stage companies with funding, it will assist them in other areas critical for success. These include infrastructure, mentorship, market access and talent, it said.<br /><br />Through its programmes, Axilor aims to build a platform for innovation and entrepreneurship that will benefit entrepreneurs.<br /><br />While, through its partnerships, it will help entrepreneurs connect with innovation ecosystems outside India.<br /><br />The infrastructure to house the programmes is coming up in J P Nagar in South Bangalore. The first batch of the accelerator programme is scheduled to commence in the first quarter of 2015, it added.</p>
<p>Infosys' co-founders, S D Shibulal and S Gopalkrishnan, today launched Axilor Ventures, a business incubator and platform for supporting innovation and entrepreneurship.<br /><br /></p>.<p>The founding team of Axilor Ventures includes Shibulal and Gopalakrishnan along with Srinath Batni, Prof. Tarun Khanna and Ganapathy Venugopal, the company said in a statement.<br /><br />For the selected start-ups, the founders will co-invest through their individual funds. The quantum of investment will range from Rs 30 lakh (USD 50,000) in the accelerator programme to Rs 6 crore (USD 1 million) for early stage companies, it said.<br /><br />Ganapathy Venugopal, former head of Strategy & Planning at Infosys, has been appointed as the Chief Executive Officer at Axilor and will spearhead the venture.<br /><br />While Shibulal and Batni stepped down from Infosys board in July, Gopalakrishnan left as Non-Executive Vice Chairman of the company in October.<br /><br />Another founding member of the venture, Prof. Tarun Khanna is the Jorge Paulo Lemann Professor at the Harvard Business School and Director of the South Asia Institute at Harvard University.<br /><br />Axilor Ventures is a business incubator set up to improve the odds of success of entrepreneurs and early stage companies.<br /><br />It aims at energising the start-up ecosystem in the country by incubating ventures operating in the e-commerce, healthcare, life-sciences, sustainability and clean technology space, the statement said.<br /><br />Axilor will focus on scalable, disruptive and technology-led business ideas from budding entrepreneurs and experienced professionals with entrepreneurial aspirations.<br /><br />In its initial stage, the venture will run three programmes - Accelerator, Entrepreneur-in-Residence and Early Stage Funding.<br /><br />Besides helping entrepreneurs and early stage companies with funding, it will assist them in other areas critical for success. These include infrastructure, mentorship, market access and talent, it said.<br /><br />Through its programmes, Axilor aims to build a platform for innovation and entrepreneurship that will benefit entrepreneurs.<br /><br />While, through its partnerships, it will help entrepreneurs connect with innovation ecosystems outside India.<br /><br />The infrastructure to house the programmes is coming up in J P Nagar in South Bangalore. The first batch of the accelerator programme is scheduled to commence in the first quarter of 2015, it added.</p>