FORGE.Fund
Phy’gital (Hardware-First & Digital-Plus) startups
Forge.Fund program vertical fuels startup success by providing CRITICAL PROGRAMMATIC INTERVENTIONS ACROSS THE ENTIRE LIFECYCLE OF PHY’GITAL (Hardware-First, Digital-Plus) TECH ventures, making startups win at every stage - ranging from access to product acceleration & tech infrastructure, grants and seed investments for product innovation & development - as well as industrialisation & commercialisation partnerships and market access.
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Seed Investments
Revenue
Ext. Funding Raised
Forge Startup Collective Valuation
Jobs Created
Despite hundreds of innovators coming up with innovative hardware solutions, these innovations often stall due to a valley of death between “Trial- ready prototypes”to “production ready MVPs”. Forge helps hardware product innovators & startup founders navigate this major challenge by offering access to technology labs, technical expertise, financial support, etc., to fast-track the innovators’ progress through product design & development, testing, certification, compliance stages and become ready for user-trials and paid pilots.
Product Acceleration
[Infra & Resources]
Product Acceleration
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Startup
Acceleration
supplemented by technical expertise across the 7 Industrial Innovation Centres operated by Forge across TN for Product Development, Prototyping, and Testing of hardware deep-tech innovations.
Forge also offers Plug & Play Production facilities for Product Manufacturing to its portfolio startups to setup & operate pilot-grade Manufacturing, Assembly & testing facilities for startups to scale commercialisation.
Startup Product Management Practices to Accelerate Product Market Fit (PMF) - Helping startups Define the Right PRODUCT, Build the Right PRODUCT, and Build the Product RIGHT, thereby managing crucial outcomes, reducing risks, and accelerating product development.
Industrial Pilot Projects & Product Demo Labs to Managed Startup Engagements that showcase the startups’ transformative potential, allowing industry executives to identify ideal partners for long-term growth & transformation.
Strategic Advisory offered to startups under three key outcome areas of tech/product acceleration for operational excellence, business acceleration through commercial partnerships, and strategic investments - spanning venture strategies, execution excellence through milestones & metrics, business & financial planning, and fund raising & investments advisory.
Process-driven Execution Excellence via structured, high-touch Incubation-Acceleration engagements rooted in Innovation/ Product Management principles and tracked by milestones and metrics, ensuring execution excellence.
Phy’gital (Hardware-First & Digital-Plus) startups have a huge potential in effectively addressing the needs and challenges of the public sectors, industrial companies, and MSMEs through innovative and technological products, but traditional procurement processes makes it challenging and financially unviable. Market Access Pathways are critical interventions that leverage open innovation & revamp procurement policies to bridge gaps between startups and public sector and Industrial companies - opening accelerated procurement pathways and enabling strategic partnerships.
The Venture Studio aspect of Forge.Fund’s interventions enables Startups to accelerate their outcomes through:
Startup Engagement Programs
Startup Partnership Models
Startup Engagement Programs that drive collaborative seeding & acceleration of innovative technologies & ventures by industrial majors via joint IP-generation/product delivery programs that enable startups and industrial companies alike to build enduring & sustainable competitive advantages in emerging technology domains - leveraging the other’s strengths to explore and capitalise on new market opportunities.
Startup Partnership Models that enable industrial majors to partner with and invest in creating high-growth tech startups and harvest from these assets through gains in profit (from operational excellence through tech sourced from startups) in revenue (generated from commercialising startup innovations) & in enterprise-value or market-capitalisation (from growth in equity valuation of startups invested in or acquired).
Keeping in mind the pivotal role of capital in accelerating a startup’s growth, Forge.Fund provides catalytic capital via innovation grants and seed investments for PHY’GITAL tech (Hardware-First, Digital-Plus) startups - funding product development, product upgrades, product validation & certification, commercialisation & growth, to achieve critical milestones across Product-Factory Fit, Product-Market Fit and Product-Led Growth.
Industrial sponsors for Academic Research Projects [ARPs] to fund hardware product development via innovation & pilot grants for academic research projects with the potential to transform into hardware tech startups and Accelerated alignment with business value & industry use-cases.
Innovation Grants for product development, enabling promising prototypes to mature into market-ready solutions.
Pilot Grants to subsidise pilot deployments for the buyers/beneficiaries/users of startups’ tech reducing adoption risks while stimulating traction for industrial and impact innovations
Growth Grants & Seed Investments to fuel product commercialisation, to scale GTM and vertically integrated operations.
Investment Pathways & Advisory to facilitate connections with Angel/VC investors with investment advisory across all aspects, from funding required to dilution in equity, financial planning, etc.
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