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Last updated: 21 Sep, 2015  

PM to Address the India-U.S. Start-Up Konnect 2015 in US

NewsVoir | 19 Sep, 2015
NASSCOM to organize the Startup Konnect 2015 in partnership with TiE Silicon Valley and IIM Ahmedabad’s business incubator CIIE Entrepreneurs, founders of social impact startups, technology leaders to join the gathering

 

Following the Prime Minister’s clarion call of ‘Start up India, Stand up India’ from the ramparts of the Red Fort, NASSCOM, TiE Silicon Valley, and IIM Ahmedabad’s CIIE India are hosting the first India- U.S. Startup Konnect in the Silicon Valley on 27th September, to showcase the strengths of India’s startup ecosystem. This day-long event, on the side of the prime minister’s visit to the Silicon Valley, will highlight the multiple dimensions of Indian innovation capabilities, represented by more than 30 startups across a variety of sectors such as agriculture, healthcare, energy, financial inclusion, and biotechnology, as well as leading technology business incubators in the country. These startups will also exhibit their products, prototypes, and achievements to investors and other potential Valley partners. The Prime Minister will visit the exhibition to encourage the Indian startups exhibiting their products there. The PM has also graciously agreed to address the India U.S. Startup Konnect, and share his vision on ‘Start up India, Stand up India’.

 

At this event, NASSCOM will also sign an MOU with TiE Silicon Valley to facilitate a Start-up exchange and collaboration program. IIM Ahmedabad’s business incubator CIIE shall be signing MoUs with corporates and academic partners in the U.S. to collaboratively build and scale-up disruptive innovations for India, through financial assistance and collaboration.

 

Mr. R Chandrashekhar, President, NASSCOM said “Crafting the India of tomorrow is our collective responsibility. With India-U.S. Startup Konnect, we aim to showcase success stories of Indian entrepreneurs to highlight the rapidly rising global impact of technology innovation from India. We also aim to further accelerate the strong interface that exists between India and U.S. start-up ecosystem. We would like to thank Prime Minister Modi for encouraging us in this national endeavour to fuel India’s start-up economy and bring technology centre stage in driving the country’s development and inclusion agenda."

 

With the ‘Start up India, Stand up India’, Prime Minister has put his emphasis squarely on entrepreneurship and job creation, announcing incentives for companies that generate employment and promote bank financing for startups by the underprivileged.

 

"The highlight of the day-long event will be an exhibition by innovative Indian startups – often working under the radar across areas as diverse as healthcare, agriculture, energy, technology and aerospace. “These startups are representative of the changing India where apart from just creating solutions for the upper middle-class urban consumer of India, the innovators are leveraging technology and their experiences to create massive impact by solving some tougher problems”, said Kunal Upadhyay, CEO, CIIE.

 

About NASSCOM

NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPM industry in India. NASSCOM is a global trade body with more than 1800 members, which include both Indian and multinational companies that have a presence in India. NASSCOM's member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPM, e-commerce and web services, engineering services and animation and gaming. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs about 3.5 million professionals.

 

About CIIE

Set up under the aegis of IIM Ahmedabad, Centre for Innovation Incubation and Entrepreneurship (CIIE) helps entrepreneurs turn ideas into viable businesses. In partnership with our mentors, corporates, development agencies, IIMA community and investors, CIIE nurtures entrepreneurs by incubating, accelerating, mentoring and funding innovative start-ups. CIIE believes that entrepreneurship has an unmatched ability to bring about disruptive change in India and engages with ventures across technology and impact areas like energy, environment, agriculture, healthcare and affordable technology.

 
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