Nasscom Announces Digital Hub On IBM Cloud To Spur Growth Within Indian Startup Ecosystem: Techstartup.in
Our one-stop shop for all things tech, information that's accessible to anyone at the click of a button, providing a springboard for new ideas and innovations, and cementing India’s role as a Start-up Nation
In an effort to accelerate digital transformation at the start-up level, National Association of Software and Services Companies (NASSCOM) in partnership with IBM, launched Techstartup.in Delhi on IBM Cloud today.
Techstartup.in was first launched in Bangalore in October 2015. The new, localized Delhi version of the site is designed to help stimulate innovation in Delhi while spurring growth within the entire Indian start-up economy. The portal is a first-of-its-kind online platform that will serve as a centralized hub for India’s tech ecosystem city by city providing information and resources to help turn ideas into businesses, deliver valuable tools for tech startups, and connect citizen entrepreneurs to opportunities in the tech ecosystem. This is a platform for the entire Indian start-up & product ecosystem to network, stimulate local innovation and grow the economy.
The Indian technology start-ups landscape has seen a remarkable growth towards creation of innovative start-ups. India, a home to a new breed of young start-ups, has clearly evolved to become the third largest base of technology start-ups in the world. As per NASSCOM Start-up Report 2015, within one year, the number of start-ups in India has grown by 40 per cent, and this number is expected to cross 4,200 by the end of 2015. With over 100 per cent growth in number of PE/VCs/Angel investors along with a 125 per cent growth in funding over last year, the Indian start-up ecosystem has risen to the next level. The total funding in the India based start-ups is estimated to be nearly $5 billion by the end of 2015. This growth will only increase as thousands of start-ups are expected to establish themselves in India, generating employment opportunities for hundreds of thousands of people. This will not only pave the way for innovative services, but will also act as a major booster for the development and the progress of the Indian economy.
Mr. Rajat Tandon, Vice President, NASSCOM 10,000 Start-ups, said, “With Techstartup.in we want to democratize access to key resources and information across the country digitally connecting India’s expanding tech-preneurs. Building it together in support with IBM, it will be a personification of a united commitment to increase jobs, train the workforce of the future, support new startups, and ultimately ensure India is at the centre of technology innovation”.
Built on IBM Cloud, TechStartup.in will be updated regularly using tools from Bluemix, IBM’s cloud platform that includes tools for social, mobile, analytics, cloud integration, Internet of Things, Watson cognitive computing and more. Additionally, as part of its commitment to the global startup community, IBM will offer up to $120,000 of free IBM Cloud credits for local qualified startups to use as they build their businesses on IBM Cloud.
Ms. Sandy Carter, General Manager, Cloud Ecosystem and Developers, IBM, said, “Our collaboration with NASSCOM helps IBM deliver on its commitment to empower entrepreneurs on both the local and global levels. Techstartup.in allows Indian start-up communities to experience first-hand the benefits of IBM Cloud, while providing a supportive environment for the entire start-up ecosystem to connect, learn, network and thrive in both the local and global marketplaces.”
Techstartup.in, a playground for 10,000 start-ups will further support the progressive phase of start-ups in India. The platform will offer a pioneering search engine and database which will profile virtually every city-based tech company and investor; a continuously updated list of tech and start-up job openings, a citywide tech event and class calendar; an interactive map of tech companies, start-up resources across the boroughs; and additional features that combine to create a comprehensive one-stop shop for everything start-up.
About NASSCOM 10,000 Start-ups
Started in April 2013, 10,000 Start-ups is an ambitious attempt by NASSCOM to scale up the start-up ecosystem in India by 10x. 10,000 Start-ups aims to enable incubation, funding and support for 10,000 technology start-ups in India over the next ten years. The program’s vision is to foster entrepreneurship, build entrepreneurial capabilities at scale and strengthen early stage support for tech start-ups. The initiative brings together key stakeholders of the ecosystem including start up incubators, accelerators, angel investors, venture capitalists, start-up support groups, mentors, and technology corporations. Since its launch in April 2013, we’ve done about 600+ events in 25 cities of the country which were attended by a whopping 25,000 attendees and received 11,000 Applicants, 1100 Start-ups Shortlists, and 150 Impacts. The program is supported by our founding partner Google for Entrepreneurs, and Industry Partners Microsoft Ventures, Kotak, IBM and Amazon Web Services.