iAccelerator is an initiative by Center for Innovation Incubation and Entrepreneurship [CIIE] at IIM Ahmedabad.

iAccelerator works with brilliant entrepreneurs to establish well run, technically excellent, profitable technology companies in India. They use their experience setting up companies, their business network and money to ensure that companies working with them are well formed and have access to the people and information they need to be successful.

They invest upto 5 Lakh in participating companies, and require the founding teams to live and work near their location in Bangalore from December 1, 2009 through April 1, 2010. They typically ask for 5 – 10% of equity in return for their investment of time and money.

Committed individuals with strong technology skills and clear ideas about how to use the internet or mobile technology to solve people’s problems, earn money and make the world a better place are encouraged to apply.

The 2009 Winter Edition shall be run jointly by CIIE and UpStart.in, a micro-venture fund based in Silicon Valley.

The application form can be found at http://iaccelerator.org/applicationform/

iAcceleration Winter Edition Dates:

Last date to Apply – Sept 7th, 2009

Final Shortlist announcement – Oct 1st, 2009

In Person Interview in Bangalore – Oct 10th/11th, 2009

Acceptance notofications sent – Nov 1st, 2009

For more info, please feel free to get in touch with info@iaccelerator.org