Accenture is looking to bringing its startup innovation hub concept to India and continue to work with Indian startups as it expects the country to emerge as a source of innovation for the world.
Accenture is looking to bringing its startup innovation hub concept to India and continue to work with Indian startups as it expects the country to emerge as a source of innovation for the world.
"It is more than a possibility placing a startup hub in India. Collaboration with Indian startups is something already being done," said Gianfranco Casati, Group Chief Executive - Growth Markets, Accenture.
The global consulting and IT giant has innovation hubs centered on new-generation technologies such as internet of things (IoT) in Silicon Valley to work with startups and partners. Accenture already works with Indian startups in its FinTech Innovation Lab in Hong Kong and has given grants to researchers from IIT-Bombay, IIT-Chennai, BITS-Pilani and IISc Bangalore for research in natural language programming, cognitive learning systems, and dependable software. While the innovation boom in India is still in its nascent stage, emerging startups have raised some concerns for some IT companies who now have to compete with startups for talent at campuses and lose high-performing employees to them.
Rekha Menon, Chairman, Accenture India said, "We are always training our employees, keeping them future-ready and engaged, because the newer generation wants to learn constantly. And we understand that some employees would want to move to startups, and we support that, because that is the in-built risk in hiring top talent. We have also supported startups started by ex-Accenture employees.”
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