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2015-04-15

Product entrepreneurs driving India\'s Internet of Things

The one day conference served as a vital platform for Indian product start-ups and emerging companies to access knowledge and support available in the ecosystem.

The National Association of Software and Services Companies (NASSCOM) has organized its third regional edition of the NASSCOM Product Conclave 2015 at the Novotel Hotel in Hyderabad. The one day conference served as a vital platform for Indian product start-ups and emerging companies to access knowledge and support available in the ecosystem.

The inaugural address was given by Rajiv Vaishnav, Vice President, NASSCOM and the key note address by Ravi Gururaj, Chairman, NASSCOM Product Council. The conference was attended by industry leaders from the products industry, venture capitalist, entrepreneurs and consultants, who shared their views on the evolving product landscape.

The Hyderabad edition of the conclave witnessed curated sessions for budding entrepreneurs, early stage founders and start-up product teams on the intricacies of structuring a business entity, protecting your intellectual property, raising initial capital, growing your product business & building market momentum for early stage products. The conclave additionally showcased interesting startups that were a mixture of burgeoning product innovations and exciting new solutions.

Ravi Gururaj, Chairman, NASSCOM Product Council, said, “The product landscape has witnessed tremendous growth, and is now considered as one of the fastest developing domains of the industry. With the Internet of Things being the new land of entrepreneurial opportunity, there is a need to create an ecosystem for transfer of knowledge and technological know-how amongst start-ups and academia.”

“Hyderabad has been a breeding ground for some of India’s largest business houses, and has always been very supportive for the new businesses with its friendly policy structures. It was a pleasure to witness some of the most innovative product companies at the conclave with offerings ranging from e-commerce to cloud platforms,” added Gururaj.

The rapid growth in establishment of new technology product and digital start-ups has positioned India as the 4th largest base of start-ups world-wide. India currently boasts of over 3,100 start-ups, with an addition of 800 plus start-ups in 2014 alone.

Product startups, for their sheer scope and with their impressive applications and numbers, have formed the backbone of the ecosystem which in turn is playing a key role in the growth of the Indian economy. The conclave recognizes that the time for the Indian product story is ripe as the country’s IT industry moves beyond its leadership in the services sector towards IP and products. The Hyderabad edition of NPC, witnessed a turnout of over 400 delegates encouraging companies located in the region to participate and interact with some of the super achievers in the Indian Products arena. 

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