IDG Ventures India, a venture capital affiliate of media and events firm International Data Group, has formed a partnership with accelerator and seed fund Axilor Ventures to invest in disruptive startups.
The Frontier Tech Innovators initiative will seek to make investments in advanced technologies such as artificial intelligence, robotics, blockchain, drones, autonomous driving systems and augmented and virtual reality.
The scheme will accept roughly 20 startups at seed or pre-series A stage, with the partners particularly interested in those that are under three years old, according to the Economic Times. Applications opened yesterday and will remain so until March 24.
Sudhir Sethi, founder and chairman of IDG Ventures India, told Livemint: “The Frontier Tech Innovators program looks to discover disruptive software companies from India with a potential to dramatically change the global landscape.”