JUMPSTART 2024 IS LAUNCHED BY WEWORK LABS TO SUPPORT EARLY-STAGE START-UPS

WeWork India's investment and acceleration division, through its Growth Campus initiative, would give entrepreneurs discounted access to workspaces, a chance to network with founders, investors, and mentors, and the chance to apply for $200,000 in pre-seed money through investments.WEWORK LABS, THE investment and acceleration division of WeWork India, launched Jumpstart 2024 on Saturday. The program's objectives are to assist early-stage start-ups by introducing them to mentors and the investor community, giving them access to workspaces at a discounted rate, and providing them with a $200,000 seed investment in capital.vStartups and entrepreneurs can get discounted access to workplaces worldwide through WeWork Labs' Growth Campus program. They can also grow their businesses by interacting with mentors, investors, and founders, and they can receive up to $200,000 in pre-seed funding through investments.The arm's goals are to support fledgling companies with idea and product validation, early customer acquisition, market expansion, recruiting, mentorship, and funding.For instance, WeWork will work with founders and carry out the product idea validation using its mentor community within its vast network, explained Arvind Radhakrishnan, associate director and head of WeWork Labs, WeWork India.For example, according to WeWork India's associate director and head of WeWork Labs Arvind Radhakrishnan, WeWork would collaborate with founders and use its extensive network of mentors to validate product ideas."We'll streamline the entire product testing process so that the founder sets up their product for testing in a single conference room. After that, they fill out a brief form with information and leave knowing if their product is useful or not. Would anyone purchase it? "What else should I include in the product roadmap to improve its usefulness?" "And what would the cost be to the people?" Thus, that saves a ton of time, he remarked.Access to WeWork Labs' tech stack, which will aid companies in expanding their operations into new markets, will also be made available through the Growth Campus program. "We identified 13 business building domains for our partner stack, starting from fundamentals like Cloud, Sales, Marketing, Finance, Legal, and even Mental Health," stated Radhakrishnan. WeWork Labs began identifying leaders in these industries with startup-friendly services that address problems with the least amount of friction, he continued. Among the partners are Google, IBM, and AWS.

The investment and acceleration division has developed a thesis to identify viable startups and has chosen the consumer services and retail, fintech, healthcare, construction and property tech, and SaaS as their focal areas for further development.WeWork Labs now offers 330 businesses subsidized offices, and by the end of the next year, it hopes to have increased that number to 1,000. WeWork India established its investment and acceleration division in 2018 in an effort to support early-stage companies by providing them with subsidized workspaces and carefully selected founder communities. This was done because the real estate provider was drawing a lot of small-sized teams and enterprises. WeWork Labs did not, however, decide to begin providing financial support for the entrepreneurs until 2023. You are capable of doing all of things, but capital is the kind of fuel that is required. The goal of startups is to turn a profit. WeWork Labs provided funding for our modest start in 2023 after several variations on how to approach this, according to Radhakrishnan."Rather than adding something to the offerings, I think what I want to focus on is being able to deliver it at scale," he said in response to a question about future offerings WeWork Labs wants to add to the program. In addition, he stated that he would like to see the mentorship community grow, enter new markets, serve micromarkets, and switch to larger checks.