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2013-03-21

Nasscom to nurture 10,000 start-ups over next 10 years

IT-ITeS industry body Nasscom on Wednesday announced the launch of 10,000 start-ups programme aimed at incubating, funding and supporting technology start-ups in India over the next 10 years.

IT-ITeS industry body Nasscom on Wednesday announced the launch of 10,000 start-ups programme aimed at incubating, funding and supporting technology start-ups in India over the next 10 years.

Nasscom in a release said that the programme is partnered by Indian Angel Network and supported by Google, Microsoft and Verisign.

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, it added.

"10,000 Start-ups aims to catalyse the technology start-up ecosystem by 5x and create a significant national 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 $300 billion by 2020," said Som Mittal, President, Nasscom at the event.

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