Nikhil Kamath, a prominent figure in the entrepreneurial landscape of India, has announced the launch of the WTFund, marking a significant development in the Indian business world. This innovative fund is dedicated to providing non-dilutive grants to young, promising entrepreneurs aged 25 and under.
The WTFund sets itself apart by targeting individuals with the potential to bring about revolutionary changes in their respective industries through their innovative ideas and compelling visions. It aims to offer a comprehensive growth platform for emerging founders, creators, makers, and dreamers, providing them with financial support and the valuable opportunity to engage with a vibrant community of like-minded individuals.
In a bid to support these exceptional young entrepreneurs, the WTFund offers an impressive package that includes a non-dilutive grant of INR 20 Lakh, allowing founders to retain full equity in their ventures. Additionally, the fund provides access to operator-first mentorship pods, a vibrant community through the WTF ecosystem, a Go-To-Market (GTM) studio, beta testing and feedback opportunities, as well as talent acquisition channels through an internship program, a fractional CXO database, and moonlighting opportunities.
Nikhil Kamath, the driving force behind WTFund, expressed his vision for the fund by highlighting the importance of nurturing young talent in today’s dynamic business landscape. He emphasized the need to cultivate a culture that encourages young entrepreneurs to embrace risk, thereby providing them with a comprehensive support system to thrive. Kamath shared his excitement about the potential impact the fund will have on the entrepreneurial community.
The fund is set to select forty young entrepreneurs aged 25 or younger, offering them funding and mentorship over a period of one year. With a keen focus on identifying the top 1% of young entrepreneurs, the fund will subject these founders to a rigorous screening process and provide them with tailored support until they secure their first institutional funding. Open to investing in all sectors, the WTFund is poised to be the largest grant of its kind, signifying a major opportunity for young entrepreneurs across India.
Interested individuals can submit their applications for the fund starting from 15th April 2024 through the WTF Website (www.allthingswtf.com/wtfund). This presents a unique chance for young entrepreneurs to access much-needed support and guidance from a pioneering fund in the Indian business landscape.
WTF, which initially began as a podcast idea, has now evolved into a platform that fosters disruptive thought, audacity, and democratized access through community-engaged programs and funds. Nikhil Kamath’s vision for the entrepreneurial community in India is reflected in the establishment of the WTFund, which is set to revolutionize the support system available to young entrepreneurs and empower them to make a lasting impact in their respective fields.