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Silicon Road and NUMA launch Mysuru's first startup accelerator, focus on foodtech

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US-based retail-focused VC Silicon Road has launched an accelerator for foodtech and retail startups in Mysuru, Karnataka.

The four-month programme will be conducted in association with NUMA, an international innovation hub from France, and will focus on entrepreneurs who do not have the resources to build a sustainable business of their own. Silicon Road and NUMA will connect these startups to Fortune 9 retail companies in the world.

The programme is being dubbed as an "innovation lifeline" for retailers. The startups will see an equity dilution of 5-10 percent in exchange of funding up to Rs 25 lakh, and........

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