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IvyCamp Sonata Open Innovation Program

ABOUT PROGRAM


IvyCamp & Sonata Software have collaborated in an open innovation program for entrepreneurs creating technological breakthrough solutions.

We are looking for solutions using technologies of blockchain, cloud computing, artificial intelligence, IoT, machine learning, RPA that are relevant to the following industries - Manufacturing, Travel, BFSI, Distribution, E-commerce and Retail.

ABOUT SONATA SOFTWARE



Sonata Software is a global IT solutions firm focused on catalyzing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.

The company delivers innovative solutions for Travel, Retail & Distribution and Software Product companies through IP based Platforms, Products and Services. Sonata Software’s solutions bring together new digital technologies such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP, to drive enhanced customer engagement, operations efficiency and return on IT investments.
A trusted long-term service provider to Fortune 500 companies across both the software product development and enterprise business segments, Sonata Software seeks to add differentiated value to leadership who want to make an impact on their businesses, with IT.

BENEFITS OF APPLYING TO THE PROGRAM

Mentors & Investors

If you are a mentor or investor interested in partnering with us for this program/event, please feel free to write to us at teamivycamp@ivycampplatform.com

Partner with IvyCamp

PROGRAM DATES

Who are we looking for?



For this program, we are looking for a legally registered entity.

A startup means an entity incorporated or registered in India not prior to 7 years and not having a turnover in excess of INR 25cr in any preceding financial year and working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential for employment generation or wealth creation. However Biotech is the only sector that can have specific changes in the eligibility criteria( Startups not prior to ten years).

We are looking for entrepreneurs who have tested the idea and its viability on the market, successful product/algorithm validation, either with some active users, paying customers, or corporate engagement.

Although at early stage , companies might pivot, we believe having a validated algorithm allows teams to have a starting point for conversations with mentors & corporates.

We want teams with experience in the domain of their solution i.e. members should have in-depth domain knowledge of the technology their solution is based on, or have experience working in the industry in that technology.

We also welcome startups that are at the Ideation or MVP phase when the entrepreneurs have a clear vision about the problem they are solving, for whom they are solving, why it is an important problem to solve, and why the need is big enough to make a viable business.

We are looking for early-stage startups that focus on solving problems in industries such as logistics, retail, fintech, and enterprise sectors using applied AI, ML and IOT. Our interest is in companies that are leveraging technology in an interesting way to find solutions either using innovative technology or building up innovatively on existing technology solutions.

Frequently Asked Questions



01. What is this open innovation program?
This is a unique startup scouting program by IvyCamp powered by Sonata Software. IvyCamp will shortlist startups based on feedback from its expert panel. This feedback will be shared with applicants for their benefit. IvyCamp will also share the results of the due diligence with shortlisted startups. Apart from this, all applicants also get access to IvyCamp’s comprehensive ecosystem for startups that include corporate benefits, mentor and investor network, access to events etc.
02. What are the deal terms?
By applying to the program you have the opportunity to be funded by Sonata Software. This could happen in one of the following ways, subject to mutual consent: Strategic business relationship (Boost your customer portfolio with Sonata Software as a customer) Direct investment Merger/Acquisition
03. Is this program right for me? How do I know?
The program is open to startups of all stages (early stage startups must have at least an MVP/Prototype) looking to scale and/or raise funding from one of India’s biggest IT companies. The program is ideal for startups working on solutions in the block chain, cloud computing, artificial intelligence, IoT, machine learning, RPA space, that are relevant to the following industries - Manufacturing, Travel, BFSI, Distribution, E-commerce and Retail.
04. What team experience are you looking for ?
We are looking for a passionate team who has in depth knowledge of the technology they are using, experience working with the technology solutions, good team dynamics, commitment, and the desire to succeed.
05. I am not based out of Bangalore, can I apply?
Since this is not an accelerator program, applicants are not required to be based out of Bangalore. This is a location independent program.
06. Who owns patent rights? Me or Sonata Software?
All IP – related matters will be subject to discussions between the shortlisted startups and Sonata Software at the final stage of deal flow.
07. How much investment can I get?
The investment size is based on various factors such as startup stage, traction, viability and scalability. Further, the final funding decision will be made by Sonata Software.
08. If I have any questions, who can I reach out to?
In case of any queries, please drop us an email at ruby@ivycapventures.com

Contact

Call Us
080-41667100
Address
1005-1006, Prestige Meridian 1, MG Road,
Bangalore, Karnataka 560001
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