build3, the go-to ecosystem to build impact startups (startups that are for-profit AND purpose), announced the launch of the 3rd Cohort of their flagship Impact Accelerator program, inviting applications from early-stage startups.
The 3rd Cohort will begin in the first week of November and will be operated as a virtual accelerator program. Applications to participate in the cohort have been released, where shortlisted startups will receive financial assistance of ₹25 Lakhs following the 10-week program. With additional funding rounds are possible via build3’s demo day initiatives.
The current cohort is announced on the back of a successful 2nd cohort of the Impact Accelerator, which witnessed participation from 27 startup founders. The second edition also witnessed the creation of 19 startups, 3 of which — OnHire (curated freelancer marketplace), Bolofy (AI-powered voice assistant) & ReNewCred (carbon credits registry & ratings), received ₹25 Lakhs pre-seed investment each from build3.
The 3rd cohort will look to replicate the success of its former editions, where applications will close on October 15. The pan-sectoral investment approach of build3 will focus on early-stage startups aligned with the UN-defined Sustainable Development Goals (SDG) while emphasising Environmental, Social, and Governance (ESG).
Varun Chawla, Co-Founder of build3, said, “Our goal is to help a 100K impact founders build startups that benefit the mind, body and the Earth over the next ten years. I’m thrilled to announce the third cohort of our impact accelerator; it is a testament to the fact that people in India are interested in building startups for profit AND purpose. We are looking forward to working with over 50 founders in our third cohort.”
The shortlisted candidates will be included in a 10-week program, which will upskill founders through workshops & keynotes on market research, GTM, product/service building, storytelling, organisational behaviour structuring, fundraising, accounting, and compliance for startups.
Furthermore, the program will also offer mentorship from successful founders and domain experts, networking opportunities, access to SaaS tools and free credits from AWS, GCP, Zoho and 10+ others. Shortlisted founders will also be integrated with build3’s vibrant community of 300+ creators, mentors and investors — whose expertise during the 2nd Cohort was highlighted through interactive sessions, pitch evaluation and mentor hours.
Founded by Varun Chawla in 2020, build3 is your go-to community to build impact startups for profit and purpose. The objective behind its existence is to support and empower 100k founders to build impactful startups benefiting the mind, body, and earth (building towards UN SDGs, leveraging ESG) by leveraging diverse community modules — Impact Accelerator, Impact Online Community, online course Impact Startup Academy, Art retreat, demo day, startup eco ashram and coworking community hub.
The flagship program, Impact Accelerator, focuses on helping impact founders find co-founders, refine their startup ideas and help them develop a viable business model. build3 accepts applications from -1 to 1 stage, ensuring a structured journey through ideation, creation, and scaling.
