To promote the Startup Ecosystem in the country, NASSCOM, IT-ITeS industry body, aims at building 10,000 start-ups in the next few years, by evangelizing, funding, incubating and mentoring young start-up ventures. The program is partnered by Indian Angel Network and supported by Google, Microsoft and Verisign.
“The 10K Start-up program aims at fostering entrepreneurship through virtual learning, workshops/ seminars and increased access to mentorship through formal and informal channels. At the same time, it will facilitate early stage support through incubation, Angel and VCs intervention as well as providing necessary infrastructure at their perusal,” says the NASSCOM blog .
With its initiative, NASSCOM desires to create a massive ecosystem impact by achieving some of the broader milestones:
- 10x Funded Startups
- 5x Start-up Jobs
- 20x Seed Funding
- Top 10 Innovation/ Entrepreneurship Global Rank
This program was announced in the presence of Eric Schmidt, Executive Chairman Google Inc. Among the other prominent attendees at the launch were Rajan Anandan, MD Google India, Saurabh Srivastava, Founder of Indian Angel Network and Bhaskar Pramanik, Chairman Microsoft India.