We don’t take any equity in startups but offer an equity-free grant of $15,000, said programme director Madhurima AgarwalCloud data services provider NetApp has announced the graduation of its fifth cohort as part of its acceleration programme, NetApp Excellerator.

Started in 2017, NetApp Excellerator has so far mentored 29 B2B technology startups through five cohorts.

We’ve engaged deeply with 29 pioneering startups, including three who have had successful exits,” commented Madhurima Agarwal, leader, NetApp Excellerator.

Related Article: The 5 AI Startups To Enter The Fifth Cohort Of NetApp ExcelleratorNetApp Excellerator: Acceleration ProgrammeResponding to Inc42’s query on its investment model in graduating startups, Agarwal said, “Our programme is very different from other acceleration models, as we don’t take any equity in the startups.

While shortlisting startups, Excellerator focusses broadly on three parameters. | To read full story, visit https://startuparound.com/read/1579786211.085695/NetApp-Excellerator:-Here-Are-The-Five-Startups-From-Its-5th-Cohort?ref=audio_experience