Hotline: 1800 102 2007
X
Search Business Opportunities
2013-06-13

NASSCOM receives 4,000 applications under its 10,000 start-ups programme

National Association of Software and Services Companies (NASSCOM) on Wednesday announced that it has received 4,000 applications for angel funding and acceleration under its 10,000 Start-ups programme.

National Association of Software and Services Companies (NASSCOM) on Wednesday announced that it has received 4,000 applications for angel funding and acceleration under its 10,000 Start-ups programme.

Som Mittal, President, NASSCOM said, “We are overwhelmed with the response received for the programme. We have close to 14,000 entrepreneurs from over 80 cities registering with the programme who submitted about 4,000 applications. We will now select about 20-25 startups for angel funding and incubation.”

He further added, “Through a comprehensive evaluation process carried out by our partners, we will also select about 150 startups which would undergo rigorous mentoring by our members, programme partners and other industry partners.”

Revealing some interesting trends from the applications received, the release said, that out of the total applications received, close to 23 per cent of the applicants were from Bangalore, closely followed by 20 per cent applicants from Delhi NCR. Also one in every five applications that were received was filed from smaller towns. With reference to the demographics of the applicants, over 70 per cent applications came from applicants under the age of 30 and about 15% applicants were women.

The release further stating more facts said about 25 per cent startups aimed at providing solutions pertaining to education and skill development. The retail vertical had 18 per cent applications followed by media (15 per cent) and healthcare (11 per cent). From a technology point of view, a whopping 66 per cent of the applications came for web/internet startups, followed by mobile start-ups occupying a share of 24 per cent. Applications from Cloud and Big Data were at 16 per cent and 11 per cent respectively.

NASSCOM had commenced the 10,000 Start-ups programme April 5th 2013 with the support of Google, Kotak, Microsoft and Verisign.

Related opportunities
  • Others Food Service
    About Us: Launched in 2015, YoMama is a chain of cafes..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Payment Solution services
    About Us: Mswipe Technologies Private Limited is engaged in the business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    Greetings from USPFC!! USPFC has come a long way from its..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Juices / Smoothies / Dairy parlors
    About Us: A Surat based waffle café named Waffle Republic. Serves..
    Locations looking for expansion Gujarat
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts