NASSCOM invites applications from startups for incubation | SupportBiz

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NASSCOM invites applications from startups for incubation

 
The National Association of Software & Services Companies (NASSCOM) has recently announced that it is inviting applications from technology start-ups across the country for angel funding and a national Acceleration Programme via the recently launched portal www.10000startups.com.

Since the launch of the program, the trade body has received over 1,000 applications from various startups and expects to get over 5,000 more in the next few weeks.

As a next step to its recently launched '10,000 startups’ programme, NASSCOM will shortlist close to 500 entrepreneurs who will be eligible for funding ranging from Rs 25 lakh to Rs 2 crore through leading angel investor networks of the country, three to four months of incubation at leading incubators of India, along with co-working space at affordable cost. They will also receive a start-up kit worth Rs 10 lakh comprising of a host of free business tools from Microsoft, AWS and Google.  

The focused initiatives through webinars will provide a focus on emerging technology trends and whitespaces where upcoming start-ups can build ventures.

Som Mittal, president, NASSCOM is excited about the initiative and hopes that the start-ups will fully utilize the joint engagement with some of the best incubators and accelerators in India.

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