NASSCOM announces the ‘10,000 Start-ups’ programme

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New Delhi: The National Association of Software & Services (NASSCOM) has announced the launch of ‘10,000 Start-ups’, a programme aimed at incubating, funding and supporting 10,000 technology start-ups in India over the next ten years. The programme is partnered by Indian Angel Network and supported by Google, Microsoft and Verisign.

10,000 Start-ups brings together key stakeholders of the ecosystem including start-up incubators / accelerators, angel investors, venture capitalists, start-up support groups and technology corporations to support entrepreneurs at early stages of their venture. This initiative is a collaborative effort to empower young entrepreneurs to create ventures of global scale from India.

The programme will focus on three core pillars to achieve the above goals:

1. Evangelize and create awareness about technology entrepreneurship as a preferred career option. India has an organized workforce of 30 Million of which 3 Million are IT professional.

2. Engage deeply with aspiring entrepreneurs through digital / social channels and start-up support groups to create entrepreneurial capability at scale. 10,000 Start-ups programme will facilitate over 7,000 start-up events like hackathons, investor roadshows and best practices workshops across 30 cities. Tech talks and white space discussions will help young entrepreneurs identify global technology trends and needs.

3. Incubate and facilitate funding of 10,000 start-ups through partnerships with some of the leading incubators / accelerators and angel networks in India. 10,000 Start-ups will also extend support to incubators / funding partners in the form of industry connects and co-working infrastructure and a start-up kit consisting of hosting credits and other technology and business tools valued about Rs. 14 lakhs.

Som Mittal, President, NASSCOM, said, “10,000 Start-ups aims to catalyze the technology start-up ecosystem by 5X and create a significant national impact on employment, GDP, innovation and entrepreneurship indices. This is one of the largest initiatives that NASSCOM is undertaking and will be vital to realize the industry vision of USD 300 billion by 2020”.

Saurabh Srivastava, Founder, Indian Angel Network; Rajan Anandan, VP & MD, Google India and Bhaskar Pramanik, Chairman, Microsoft India were present for the announcement.

Kerala IT News

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