In a bid to boost the entrepreneurial ecosystem in the country, NASSCOM has announced the launch of ‘10,000 start-ups’ programme. The IT-ITeS industry body aims to incubate, fund and support these start-ups in the next 10 years. The program is partnered by Indian Angel Network and supported by Google, Microsoft and Verisign.
Som Mittal, President NASSCOM, said, “10,000 Start-ups aims to catalyse the technology start-up ecosystem by 5X and create a significant national impact on employment, GDP, innovation and entrepreneurship indices. This is one of the largest initiatives that NASSCOM is undertaking and will be vital to realise the industry vision of $300 billion by 2020.”
10,000 Start-ups brings together key stakeholders of the ecosystem 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. Some of the other angel partners participating in the programme are Chennai Angels, Harvard Angels, Hyderabad Angels, Indian Angel Network, Mumbai Angels, Silicon Valley Bank Accelerators: 91Springboards, IAN Incubator, Kyron, Microsoft Accelerator, TLabs, The Hatch, The Morpheus and Venture Nursery.