Meet Northeast India’s first Startup Accelerator NE8x | Entrepreneurship

NE8x, the first exclusive startup acceleration platform for Northeast India was initiated under the aegis of serial entrepreneur Riddhinil Roy in 2016.The platform was later adopted as an open-source integrated community network in months that followed. The objective behind starting the platform lies in addressing start-ups and entrepreneurship at the grassroots level across the eight states in Northeast India.

As NE8x has been working as an open-source networking platform, they have had access to some of the best minds from the region who understand the community better and deeper. The team is currently headed by Riddhinil Roy with Operations Head Anisha Das. Regional heads from the respective cities include Mr. Debashish Kashyap (New Delhi), Mr. Ranajit Pangambam (Bengaluru), Mrs. Manimala Hazarika (Mumbai), Mr.Kinjal Basumatari (Chennai) and Mr. Rajarshee Chakraborty(Kolkata). NE8x has a network of more than 43 District Ambassadors in the region.

Riddhinil Roy

Since their inception, NE8x has left no stone unturned to challenge the status quo about redefining the entrepreneurship scenario in Northeast India. Their initiatives have been fueled by the timely intervention of Government policies such Startup India and launch of regional startup fund under NEDFi. They have also derived and tried to make the regional SC, ST and women entrepreneurs aware about benefits of these schemes. They have worked hands-on to design NE8x coworking in existing companies of the region so that people can brainstorm ideas. In a first, they have launched a massive crowdfunding campaign on Ketto for helping and recognizing the efforts of entrepreneurs from the region whom they recognize every month under the banner of NEXT BIG 500 from Northeast India. “Timely meetups and addressing problems of the start-ups has been another perspective on which we have organised NE8x startup meets offline as well as through online modes frequently” says Riddhinil.

“Analysing the insights we have gathered over the months, NE8x has come up with the first android app dedicated solely for start-ups from the region with a rating of 4.3. Being an online based platform, our site and allied sites have received an average of 14,000 hits per month and continue to improve. Service listing has also increased up to 3 new sub-divisions on our platform. Registered portfolio of start-ups is currently more than 48. Mentor network database combined for NE8x stands at a figure of more than 54, also joined by 37 corporate partners” adds the founder.

Achievements of NE8x:

The Team at NE8x has received tremendous response from the Northeast India community as well in the metro cities. On the line of work, NE8x has been awarded ‘The Best Startup Accelerator of 2016’ by All Assam Entrepreneurs Association.

Founder Riddhinil Roy representing NE8x has been awarded for the phenomenal initiatives undertaken by NE8x at Assam Youth Summit 2016, Dispur. Earlier this year, NE8x was awarded ‘The Best IoT Startup Accelerator for Assam’ at Assam Tech Summit, Guwahati. The team at various instances has received coverage from National and International media too and the core team had also been asked to represent NE8x at seminars on entrepreneurship development at  EMERGE 2016 (IIM Shillong), UDGAM 2017 (IIT Guwahati) and PAARBON 2017 (NIT Silchar). They have signed more than 65 MoU so far.

Riddhinil states that challenges have been a part of their journey since the day we started and current challenges include expanding the District ambassadors database, increasing outreach and reaching out to remote areas to have a hand-on experience with the rural entrepreneurs and designing effective operation flow customized for the platform users from Northeast India.

“We are working closely with the regional bodies to evolve with the change. The backward tag associated with Northeast India, to us, is a mere indication of the work pending across domains in the region. We are committed to encouraging first generation entrepreneurs with our remote web-library of resources, assist existing businesses take full advantage of the new technology at par with the metro cities with the motto Create Innovate Inspire for a ‘Made in Northeast India, Made for the World’ story from our eight states.

Team UniTreed is proud of NE8x and wishes them more success ahead.