PwC India Unveils Emerging Tech Startup Challenge to Propel Next-Gen Web3 and AI Innovations

PwC, a prominent member of the Big Four accounting firms, is initiating an accelerator program in India. On March 3, PwC India unveiled the ‘Emerging Tech Startup Challenge’ designed to assist innovative startups in sectors like blockchain, space, AI, and more. Startups in their late stages that have completed Series A or B funding are invited to apply, gaining invaluable industry training and mentorship. This accelerator aims to uncover innovations being developed by Indian startups across various fields.

The ‘Emerging Tech Startup Challenge’ particularly seeks submissions from startups specializing in Web3, blockchain, AI, space technology, data analytics, and spatial reality.

“If your startup is transforming customer interactions, discovering new avenues for growth, deriving significant insights from data, or reinventing conventional business models, we’d love to hear from you,” the announcement stated.

Important Information About the Programme

Startups looking to participate in the initiative can apply from March 5 to May 5. A total of fifteen startups will be chosen for the three-month program, with all participants required to be registered in India.

“The selected 15 startups will be paired with a PwC mentor who will provide guidance throughout this time. PwC will offer up to 25 hours of pro-bono consulting support and actively help in networking and building connections,” the Kolkata-based branch of PwC explained in its announcement.

Once the application period ends, 60 applicants will be selected to present their pitches to a PwC expert panel, with only 15 advancing to the final round.

Throughout the program, the chosen startups will enjoy tailored workshops, one-on-one mentorship from industry authorities, and demo days aimed at expanding their industry knowledge.

PwC India indicated that participants will receive constructive critiques of their projects, along with comprehensive guidance on risk management, resource optimization, and customer acquisition strategies.