With its initiative nearing a year of operations, IT industry body Nasscom plans to take its start-up programmes a step further by setting up new warehouses, including partner warehouses.
In last one year, the industry body selected over 100 start-ups from a list of over 7,000 applications. As many as 32 start-ups were accelerated, 31 funded and 63 mentored.
Nasscom president R Chandrashekhar said: ?We have received overwhelming response. Nasscom is enabling start-ups along with VCs, angel investors and other relevant communities. With a strong focus on innovation, Nasscom remains committed to building up a vibrant tech start-up ecosystem in India to sustain this momentum.?
Rajan Anandan, MD, Google India said: ?Since we have awareness, we have to focus on capability building.? In the US, 85% of the time spent on mobile internet is on apps, while the corresponding figure for India is 60%, but rising. Encouraging start-ups to build apps, Anandan said: ?Build mobile, think mobile, build apps.? Though India has 200 million internet users, only 150 million of the country’s total population read, write or speak the language, Anandan said, making a case for a non-English internet space, like apps, websites or products.
Nasscom had launched 10,000 start-up programmes in March 2013 with support from global tech giants like Google and Microsoft.