NASSCOM receives encouraging response to its recently launched 10,000 start-ups programme

Updated on: Friday, June 14, 2013

Software services industry body NASSCOM said it has received 4,000 applications for its recently launched 10,000 start-ups programme.

There is receipt of 4,000 applications for Angel Funding and acceleration under the 10,000 start-ups programme forwhich applications were invited between April 5-May 30, NASSCOM said in a release.

"We have close to 14,000 entrepreneurs from over 80 cities registering with the programme who submitted about 4,000 applications. We will now select about 20-25 start-ups for Angel Funding and incubation," NASSCOM President Som Mittal said.

It will also select about 150 startups, which would undergo rigorous mentoring by its members, programme partners and other industry partners, the IT industry body added.

The applications revealed some interesting insights about the emerging tech entrepreneurship landscape in India, it said.

Out of 4,000 applications received, about 25 per cent start-ups aimed at providing solutions pertaining to education and skill development, 15 per cent for media and 11 per cent for health care.

From a technology point of view, 66 per cent of the applications came for web/internet start-ups, followed by mobile start-ups, occupying a share of 24 per cent.

Applications for cloud and big data were at 16 per cent and 11 per cent respectively.

Out of the total applications, close to 23 per cent of the applicants were from Bangalore, followed by 20 per cent applicants from Delhi NCR. One in every five applications was filed from smaller towns, it added.

Over 70 per cent applications were from under the age group of 30 and about 15 per cent of applicants were women.

NASSCOM receives encouraging response to its recently launched 10,000 start-ups programme

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