International investors with an interest in Indian startups are heading en masse to GSF 2012 in Gurgaon this week. The two-day event – supported by Seedcamp and Dave McClure’s 500 Startups – will showcase the first batch of companies from GSF Accelerator, a new incubator in Bangalore, Mumbai, and Delhi.
GSF Accelerator’s seven-week programme launched in October 2012 and seems to be setting itself up as the equivalent to the US’s TechStars or Europe’s Seedcamp. This year’s intake of 15 companies received $30,000 in seed funding each, and the top five presenting at this week’s conference will receive an extra $250,000 each.
That funding will come from the programme’s main backer, the Global Superangels Forum (GSF) – a network of 20 founders and investors in India. Dave McClure’s 500 Startups has signed up as the GSF Accelerator’s Silicon Valley partner (see our earlier story about 500 Startups’ new India focus); Seedcamp and Ruvento are doing the same in Europe and Russia.
Featured image: GSF India 2011, courtesy GSF India
A version of this story was originally published by VentureBeat’s Europe-based syndication partner, VentureVillage.