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From Challenges to Growth: The ESCALTECH Advantage: Insights from Dipanjan Das of Xchi (SoundxVision)

Scaling up a startup is often one of the most challenging yet rewarding stages of growth. Whether you’re a first-time founder or a seasoned entrepreneur, navigating the complexities of funding, market expansion, and operational scaling can be overwhelming. This is where ESCALTECH steps in to bridge the gap, providing targeted resources, mentorship, and a supportive community for tech startups looking to scale.

What is ESCALTECH?

ESCALTECH, an EU-cofunded project supported by the Interreg Europe Central Baltic Programme, is designed to help tech startups overcome the hurdles of scaling up. By offering training, workshops, and cross-border collaborations, ESCALTECH equips founders with the tools needed to scale their business internationally, all while fostering a community of peer support. Startups benefit from access to capital, market expansion strategies, and hands-on mentorship, with a focus on helping businesses thrive in both local and global markets.

To understand the real-world impact of ESCALTECH, we interviewed Dipanjan Das, co-founder of SoundxVision(Xchi), a company developing hardware for XR (Extended Reality) technologies. Here’s how ESCALTECH has supported their scaleup journey:

Scaling Up: The Initial Challenges

When asked about the biggest challenges Xchi faced before joining ESCALTECH, Dipanjan explained:

“Understanding the scaleup demographics was not easy before joining ESCALTECH. We were trying to navigate areas like industry distribution, geographic concentration, funding sources, revenue, and growth.”

For a startup like Xchi, with a focus on both hardware and software for XR technologies, identifying the right markets and growth strategies was crucial but complex.

How ESCALTECH Helped Overcome These Challenges

ESCALTECH provided the necessary training and workshops to help Xchi develop a focused scaleup strategy. According to Dipanjan:

“The training material was fantastic for first-time founders like us. We not only nailed down scaleup strategies but also figured out how to enter new markets in the EU, US, Asia-Pacific, and ROW.”

This tailored approach helped Xchi find clarity and direction, positioning them for long-term growth in diverse regions.

Key Benefits of ESCALTECH

The benefits of the ESCALTECH program are immense. Beyond cross-collaboration opportunities and peer support, Dipanjan highlighted several critical areas where the program provided significant value:

  • Access to Capital
  • Mentorship and Advisory Support
  • Networking and Partnerships
  • Market Expansion and Internationalization
  • Sales and Revenue Growth
  • Operational Scaling
  • Branding and Visibility
  • Technology and Innovation Support
  • Legal and Regulatory Assistance
  • Talent Acquisition and Development

The program’s holistic support system not only helped Xchi understand the scaleup landscape but also provided hands-on assistance in areas essential for international growth.

What Could Have Been Done Differently?
Looking back, Dipanjan notes that while Xchi gained a lot from ESCALTECH, they could have participated in more events and industry-themed startup gatherings.

“We had access to many events, but we were focused on improving product features for xChi,”

He also mentioned a desire for even more access to educational tools and meetups with successful founders who had recently scaled up, particularly in the hardware and software sectors. We at ESCALTECH value feedback and heavily depend on our community to help us become better. The feedback from all our Alumni has been taken into account when we built the program for the second batch.

Advice for Future Founders

When asked what advice he would give to other startups considering ESCALTECH, Dipanjan was clear:

“If you really want to scale up faster, you must join the second batch of ESCALTECH. We highly recommend it for all startup founders, even if you’re not a serial entrepreneur. We’ve done it, and you will too!”

Why You Should Join ESCALTECH

Whether you’re focused on hardware, software, or a hybrid of both, ESCALTECH offers a pathway to rapid and sustainable scaleup. The second batch of the program is starting soon, and it presents an excellent opportunity for ambitious founders to grow their startups. From understanding scaleup demographics to accessing new markets and forming crucial partnerships, ESCALTECH equips you with the tools you need to succeed.

Don’t miss out on this chance to accelerate your startup’s growth! Join the next batch of ESCALTECH and take your company to the next level.

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