NASSCOM (The National Association of Software and Services Companies) has announced that it will angel fund and incubate 25 startups from the country. The association said it had received more than 4,000 applications from entrepreneurs across the country, for the 10,000 start-ups programme the company had kickstarted in April this year in order to fund cutting-edge tech start-ups taking birth in India.
Nasscom has also stated that an additional 150 start-ups will be mentored through partners and members. Of the 14,000 registered entrepreneurs in 80 cities across the country, 4,000 of them responded to the programme, conducted between 5th April to 30th May . NASSCOM president Som Mittal spoke about the response they got from entrepreneurs with respect to their initiative. “We are overwhelmed with the response to the programme. Our industry partners will short-list the start-ups through an evaluation process for funding and incubation.” Google and Microsoft have partnered with Nasscom for the same.