TLabs, a mentorship-driven accelerator program developed by Times Internet Limited (TIL), has invited business ideas in the field of technology, mobile and internet. TLabs is looking for young energetic teams with a marketable idea, who have the passion and skill to execute their ideas. Applications are now open for the program, which commences in February 2012. The 13-week program seeks to mentor 10 start-ups.

TLabs provides funds, mentorship, and strategic and execution support to entrepreneurs in order to shape their plans into sustainable and scalable products. Besides an initial seed funding of up to Rs 10 lakh, TLabs will feature interactions with experienced and eminent leaders and domain experts in India and abroad, once every week over dinner. One of the companies that benefited from the TLabs program in 2011 is DataWeave, a young start-up founded in 2011 by Karthik BR and Vikranth R from Bangalore.

“What sets the program apart is the access to TIL’s huge infrastructure and domain expertise. This gives entrepreneurs at TLabs the edge over other start-ups right from the beginning,” says Gautam Sinha, Director, Ecommerce and Technology, Times Internet Limited.

Rishi Khiani, CEO, Times Internet Limited, said, “We want to make this a very high quality program, with very significant value addition to support entrepreneurs as well as the entire innovative ecosystem.”