Indian IT-ITeS industry body Nasscom today announced the launch of 10,000 start-ups programme aimed at incubating, funding and supporting technology start-ups in India over the next ten years.
The initiative will focus on multifold activities aimed at fostering entrepreneurship, building entrepreneurial capabilities at scale and providing robust early stage support through incubation, mentorship and angel funding.
“This programme will create an 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 USD 300 billion by 2020,” Nasscom President Som Mittal said.
Why Nasscom is suddenly interested in startups?
In Feb 2013, 30 Indian Software product firms have announced their detachment from IT industry associative body Nasscom, to form a new alliance called the Indian Software Product Industry Round Table, or iSpirt.
iSpirt, led by some of the high-prolific leaders of Indian IT industry including Bharat Goenka, co-founder of Tally Solutions, Sharad Sharma, former head of Yahoo India R&D, startup mentor and founder of Brand Sigma, Naveen Tewari, founder of InMobi, and Vishnu Dusad, founder of Nucleus Software.
We feel that has led Nasscom to suddenly take note of startups and come up with a series of initiatives like this and also a separate startup cell called Nasscom for Startups.
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