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NASSCOM launches third phase of 10K start-up programme

Updated: Jul 01, 2014 01:02:18pm
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Bengaluru, Jul 1 (KNN) The National Association of Software and Services Companies (NASSCOM) has launched the third phase of its “10,000 start-up initiative” programme after it received about 7,000 applications in the earlier rounds.

The third phase will involve invitation to more start-up companies to participate in the programme.

Speaking on the occasion, President, NASSCOM, R Chandrashekhar, said “India is emerging as the hotbed for technology startups and the NASSCOM 10,000 startup program will continue to partner with all stakeholders to help India emerge as an innovation hub.

The first two phases had attracted 7000 applications of which 529 were shortlisted and 125+ benefitted by way of receiving funding, acceleration, mentoring, co-working space, and enterprise connects and showcase opportunities through the program. 

“We hope that the third phase brings up more such innovative tech start-ups with some brilliant products/solutions that impact not just the business but citizens across the globe,” he added.

“NASSCOM will be working with the government to strengthen this ecosystem and have proposed setting up of ‘India Technology Entrepreneurship Mission’ as our recommendation to the government,” Chandrashekhar yesterday said in a release.

Expressing his views, Chairman, NASSCOM Product Conclave, Ravi Gururaj, said, “Since the launch of the 10,000 start-ups program last year NASSCOM has been working with various stakeholders to create an inclusive ecosystem for companies in the domain.

“Recently, NASSCOM nominated 25 innovative technology start-ups from India for 'InnoTrek 2014’ – a visit to US for entrepreneur focused events.  With this initiative NASSCOM provided a global platform for young businesses to showcase their work at a global stage and get a first-hand experience of the Silicon Valley product ecosystem,” he said.
NASSCOM also announced the launch of the NASSCOM Technology Startup Registry which will act as a repository of India’s technology startups in the web, mobile, e-commerce, SAAS, marketplace space and will act as a discovery platform for investors, enterprises, media and government authorities.

In addition to this, NASSCOM also announced the roll-out of a skill initiative to create a talent pool of people with hands on skills required to excel in the tech startup market. (KNN/SD)

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