Nasscom to promote 10k start-ups

India is experiencing its share of rising entrepreneurship, as a result the start-up ecosystem in India is on the rise and the emerging/ disruptive technologies are already alluring innovators to showcase their entrepreneurial capabilities.

Massive markets are emerging for start-ups in India coupled with global opportunities around Enterprise Mobility, Enterprise SAAS, Social integration etc

Nasscom, in an attempt to promote the start-up ecosystem within the country announced a joint initiative with Google, Microsoft and Verisign which aims at building 10,000 start-ups in the next few years. They will guide in funding and mentoring young start-up ventures.

The 10K Start-up program aims at fostering entrepreneurship through virtual learning, workshops/ seminars and increased access to mentorship through formal and informal channels.

At the same time, it will facilitate early stage support through incubation, Angel and VCs intervention as well as providing necessary infrastructure at their perusal. With its initiative, Nasscom desires to create a massive ecosystem impact by achieving some of the broader milestones:

• 10x Funded Startups
• 5x Start-up Jobs
• 20x Seed Funding
• Top 10 Innovation/ Entrepreneurship Global Rank