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.