NASSCOM, a not-for-profit industry association, is the apex body for the 154 billion dollars IT-BPM industry in India, an industry that had made a phenomenal contribution to India’s GDP, exports, employment, infrastructure, and global visibility. Established in 1988 and since then NASSCOM’s relentless pursuit has been to constantly support the IT-BPM industry. NASSCOM’s members are around 2200+ which constitute 90% of the industry’s revenue and have enabled the association to spearhead initiatives at local, national and global levels.
In 2013, the NASSCOM started its ‘10000 startups’ initiative to help and aid the growth of 10,000 startups in the country over the next decade. India’s premier. It aims to establish a cross-collaborative platform enabling startups to grow to the next level. The country’s start-up community is gaining momentum and is ranked as the third largest in the world. The objective is to foster the ecosystem, build entrepreneurial capabilities and drive significant value and change in the tech startup ecosystem.
The NASSCOM 10,000 Startups program helps the selected, shortlisted startups raise money from a wide range of investors- angels, micro VCs, VCs, and Government funds. In the five years of its inception, 10 warehouses have been incorporated, 300 start-ups have been incubated, 2,470 startups have been impacted. Over the past four years, the NASSCOM 10,000 Startups initiative has given startups the opportunity to partner with incubators, angel groups, venture capitalists, accelerators, and investors.
A joint initiative between NASSCOM 10000 Startups and the State government is a connected network of startup hubs across the country to help startups jump-start their idea with the help of infrastructure, knowledge-sharing, and connections. The Startup Warehouse Program has connected over 2470 startups with mentors, investors and accelerators / incubators. This program is designed to help startups who are a product ready and have reasonable traction.
The Government of Karnataka is proud to be the first State to announce the establishment of a dedicated Startup Cell! The Karnataka Startup Cell’s aim is to promote Bengaluru and Karnataka as the ultimate startup destination in the World. The program is a series of small and big sessions and workshops like Mentor 101, Investor 101, including other equally impactful events. The shortlisted startup receives a welcome kit to use latest online technology tools along with their journey, PR connects and showcase.
Read more related to Startups: https://www.bangalorean.com/blog/business/innovation-authority-karnataka-state-startup/