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Last updated: 18 Sep, 2018  

Technology.9.Thmb.jpg Nasscom to mentor 100 tech startups every year

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SME Times News Bureau | 18 Sep, 2018

IT industry's apex body Nasscom on Tuesday announced to double up on its efforts and mentor 100 desi tech start-ups working in the field of Artificial Intelligence (AI) and other emerging technologies every year.

The new initiatives will be under a programme called "Accelerate 10X", the second phase of "10,000 Start-ups" initiative.

"When we started '10,000 Start-ups' five years back, our vision was clear that in 10 years, India will have an ecosystem consisting 10,000 start-ups. We started the initiative with 100 start-ups. In 2013, there were 100 funding deals and today, there are roughly around 700," Debjani Ghosh, President, Nasscom, told reporters.

"Over the years while India has emerged as the third largest start-up ecosystem, our readiness to ride the next wave of deep tech and AI revolution will determine whether India will be able to unlock the trillion-dollar opportunity," noted Rishad Premji, Chairman, Nasscom.

"A collaborative and coherent effort is pertinent to galvanise India's capabilities in emerging technologies and equip our demographic prowess to power industry 4.0," Premji added.

"Prowess in deep tech and AI will be one of the main drivers of economic competitiveness in the near future and deep tech start-ups will drive innovation and spearhead the broad structural transformation of the economy," said Ghosh.

"The 'Accelerate 10X' programme further reaffirms '10,000 Start-ups' efforts in evangelising and mentoring India's latent, untapped talent in emerging technologies," she added.

 
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Start up
S k Agarwal 9837026711 | Thu Sep 27 22:34:19 2018
There is a paucity of funds and no help is being rendered for the start ups which are already half way through. Please guide and help. Regards


 
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