Change Engine accelerator program to invest $5 million in early-stage AI startups

Change Engine, a premier startup accelerator and ecosystem builder based in Gurugram, today announced its plan to invest over $5 million over the next five years in early-stage AI startups from India. 

The initiative is focused on nurturing 6 high-potential AI startups annually, driving innovation in machine learning stack technologies and business applications that serve global markets.

What does Change Engine do?

Based in Gurgaon, Change Engine is a startup accelerator dedicated to building a vibrant AI ecosystem in India. By supporting early-stage startups with capital, mentorship, and strategic industry networks, it aims to drive innovation and position India as a global leader in AI.

“At the heart of the accelerator is our commitment to building second-generation AI products from India—solutions that go beyond superficial implementations to deliver robust, scalable, and tailor-made innovations. Our 6-month program provides startups with a state-of-the-art sandbox environment, comprehensive support in product development, and a global mentor network," said Varun Aggarwal, Founder of Change Engine.

"Each year, we will seed 6 startups with $50,000 each, followed by up to $150,000 through syndication, paving the way for over $5 million in total investment over the next three years,” Aggarwal said.

Change Engine said its Customer Advisory Board includes leaders from top US organizations—including Amazon, Google, McKinsey, and Adobe—to provide real-world insights, validate ideas, and refine go-to-market strategies.

"Change Engine isn’t just an accelerator; it’s a launchpad for breakthrough AI innovations. We are here to empower the next generation of AI entrepreneurs with the funding, mentorship, and industry connections they need to transform their ideas into impactful products,” added Aggarwal.