GenX Ventutes, a start-up studio completely for catering to the requirement of aspiring entrepreneurs above the age of 40, was unveiled in Mumbai on Thursday.
Start-up studios are entities that create start-up ventures at scale. Unlike incubators or accelerators, start-up studios co-found ventures and construct them from floor up, the founding father of the studio mentioned.
The objective is to develop start-ups inside their studio and spin-out these ventures when they’re prepared, he added.
Joseph George, the founding father of GenX Ventures, mentioned, “The start-up studio has been specially designed to support and facilitate senior professionals who have rich domain and functional experience and wish to transition to entrepreneurship.”
Currently, there isn’t a particular assist system for mid–aged profession folks above 40 years of their entrepreneurial journeys, he added.
“The entrepreneurial potential in India’s GenX is under rated. The GenX demographic also has a very high desire to move to entrepreneurship. However, the support they need is different from that of younger founders and that needs to be addressed,” he added.
In the preliminary section, the agency will open greater than 40 ventures that it has constructed from floor up internally for professionals to come back on board and result in scale up as co-founders.
It will concentrate on company hubs in Mumbai, Bengaluru and New Delhi to search out the appropriate aspirants with entrepreneurial ambitions and concepts to associate.
Source: www.thehindu.com