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CL Educate to invest in campus-based startups

The WAIN innovator pipeline is rapidly closing in on 100,000 innovators and the CL Educate Board has approved the creation of a Rs 30 crore corpus WAIN fund, with CL Educate as the anchor investor, according to a release shared by the company.

, ET Bureau|
Nov 15, 2019, 12.04 PM IST
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WAIN is an open innovation platform for collaboration between startups, universities and corporate to solve problems.
NEW DELHI: CL Educate Limited (CL), an ed-tech company, is investing Rs 30 crore in early-stage startups based of campuses. CL is looking at investing Rs 5 to 50 lakh in each of these startups.

Through these planned investments, CL Educate, is looking at strengthening its offering on WAINConnect.com, its innovation, collaboration platform. Some of the brands currently associated with WAINConnect include IIT Kanpur, GE, TATA-AIG, HP, among others.

WAIN (Worldwide Academia, Industry Network) is an open innovation platform for collaboration between startups, universities and corporate to solve problems. The WAIN innovator pipeline is rapidly closing in on 100,000 innovators and the CL Educate Board has approved the creation of a Rs 30 crore corpus WAIN fund, with CL Educate as the anchor investor, according to a release shared by the company. The first cohort selection and investments will be announced in March 2020 at the fifth edition of MeltingPot2020 in Bangalore.

“WAINConnect has built an incredible pipeline of startups. We intend to add the WAIN fund and WAIN studio accelerator program to the WAIN innovation, collaboration platform to help universities assist young innovators in scripting their own success stories,” Satya Narayanan R., chairman, CL Educate said.

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