NASSCOM 10,000 Startups programme enters 2nd phase

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New Delhi: Post the success of the 10,000 start-ups programme, the National Association of Software & Services Companies (NASSCOM), has announced the launch of the 2nd phase of the programme to further boost the entrepreneurial landscape in India. The 10,000 Start-ups program is inviting applications from technology startups across the country for Funding, Acceleration, Mentoring and Enterprise connects (F.A.M.E).

For the way forward, the programme has devised new focus areas to further scale up the existing start-up support communities & entrepreneurial capability in India. While one stream would focus on providing opportunities to convert ideas into prototypes and share preliminary industry feedback, the other would focus on functional areas like Product Development, Go-to-market strategy, Talent acquisition and Industry connects.

Som Mittal, President, NASSCOM said “The way India’s economy has grown in recent times is phenomenal. And to sustain this growth it is imperative to have more entrepreneurs in the country that will transform the landscape and propagate development. We are very pleased with the response that the 10,000 Startup programme has received so far and are significantly enhancing the scope of the programme in its second league. Adding value at various stages for technology startups in addition to the erstwhile proposition of funding and acceleration would be the primary focus of the programme going forward. We are positive that this initiative will enable thousands of entrepreneur’s setup and grow their businesses and in the process further propel India’s economy.”

Under the ambit of 10,000 Start-ups, the programme is additionally launching a one of a kind Startup-in-residence mentoring programme where NASSCOM is collaborating with successful and entrepreneurial Tech companies in Consumer Internet and Software product space. This collaboration will enable incubation of early stage startups in their premises and support them through vertical experts specifically in the areas of Product Management, Technology, Marketing, Business Development and Human Resource. These renewed focus areas have immense potential and will continue to empower young entrepreneurs to create ventures of global scale from India.

In the previous cycle, NASSCOM received 4,000 applications for funding and acceleration and shortlisted 332 and about 80 companies were supported by the programme. The invitation procedure will be processed through the portal 10000startups.com.

Kerala IT News

Picture: Launch of 10,000 Startup programme phase I

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