NetApp today announced launch of NetApp Excellerator programme, the company’s first startup accelerator here, which will provide startups with access to productivity tools and networking opportunities to potential investors.
The programme will provide an equity-free grant of USD 15,000 to these startups on completion of the programme, NetApp India Senior Vice President and Managing Director Deepak Visweswaraiah said in a statement here. “What is more is that the startups can own their IP (Intellectual Property) and NetApp would not seek a stake in the same,” he added.
The programme will provide startups with access to collaboration and productivity tools, co-working space out of the company’s global centre of excellence in Bengaluru as well as networking opportunities with potential investors, partners, and customers, he said. Selected startups will have access to NetApp platforms and technologies, tools, co-working space, HR, marketing, legal and tech support, Visweswaraiah said.