US-based corporations Google, Microsoft, Verisign have backed a $10m initiative to create 10,000 start-ups in India. India’s National Association of Software & Services (Nasscom) is at the heart of the idea, which will incubate, fund and support 10,000 technology start-ups in India over the next 10 years. The programme will focus on fostering entrepreneurship, building entrepreneurial capabilities at scale and providing robust early stage support through incubation, mentorship and angel funding. The programme, 10,000 Start-ups, will bring together key stakeholders 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. One of the so-called pillars of the programme is to evangelize and create awareness about technology entrepreneurship as a preferred career option. India has an organized workforce of 30 million people of which 3 million are IT professional, according to Nasscom. Angel partners include Chennai Angels, Harvard Angels, Hyderabad Angels, Indian Angel Network, Mumbai Angels, Silicon Valley Bank. Accelerators in the programme include 91Springboards, IAN Incubator, Kyron, Microsoft Accelerator, Tlabs, The Hatch, The Morpheus, and Venture Nursery KK Natarajan, chairman of Nasscom, said: “We have received an overwhelming response for the 10,000 Start-ups program with over 2,000 start-up applications in the last 20 days. Our goal is to help these start-ups scale up their business and also globally position India as `the innovative start-up destination’. The Silicon valley roadshow planned by 10,000 Start-ups will be an important first step in that direction.”
Sectors
- News & Analysis
- Home
- Global Corporate Venturing
- Global University Venturing
- Latest News
- Publications
- Podcast
- Deal Data
- Video
- Subscribe
- Newsletters
- Community & Events
Corporations evangelise Indian start-ups
May 1, 2013 • Katherine Steiner-Dicks
LEADERSHIP SOCIETY
Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.Featured Content
FUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database.FUNDING ROUND DATA
Which corporates are backing which startups? Search our corporate deal database.
About us
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.
Navigation
test regLogin
Not yet subscribed?
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read MorePrivacy & Cookies PolicyPrivacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.