NASSCOM nurtured 80 companies; to start 2nd phase of 10000 startups program

IT major body NASSCOM has completed the first stage of its 10,000 Startups program. NASSCOM had shortlisted 332 startups out of the 4000 applications that it received for its 10,000 Startups program and accelerated, funded and mentored 80 companies till now.

Nasscom partnered with some of the best incubators and accelerators in India as well as angels investors for funding requirements of startups such as Microsoft Accelerator, The Morpheus, 500 Start-ups, TLABS, Kyron, CIIE and IIIT Hyderabad. The shortlisted startups/ entrepreneurs will be entitled to Angel funding ranging from Rs 25 lakh to Rs 2 crore from leading angel investor networks of India.

Accelerator and mentoring -

Under 10000Startup umbrella so far about more than 20 companies were accepted in Acceleration programs, 10 companies were accelerated at the Start-up Warehouse set up by NASSCOM with the support of Govt of Karnataka. About 30 companies also received mentoring from successful entrepreneurs, industry leaders, domain experts and angel investors.

Funding -

About 5 companies raised on-the-spot funding from the SharkTank concept, 4 of these companies got funded at #Startuproots, Bangalore and 1 company got funded at Tie-the-knot, New Delhi.

So far the shortlisted startup were invited at pitch at different events organized under 10000Startups program at Delhi, Mumbai, Bangalore, Hyderabad and Kolkata where about 300 startups made over 1,200 pitches to over 50 angel investors, accelerators, angel investor groups and venture capitalists.

NASSCOM also conducted 15 Tech startups to 10 of India’s biggest IT Enterprises to explore Strategic partnerships / M&A opportunities through StartupKonnect platform.

List of companies accepted in various acceleration programs:

Tlabs

1. Red Button Software Labs


2. JiffStore


3. Vindowshop


4. CrowdBeans


5. Yippster


6. NewsinShorts

Kyron

1. Docspad


2. Buzzinga!


3. TeritreeiAccelerator - IIMA

1. Chauka Cricket Solutions


2. GetJugaad

Microsoft Accelerator

1. Native5


2. ArrayShield


3. Adsparx


4. SignEasy

CIE-IIITH

1. MilkorWater


2. Amaterasu Electronics


3. InCights Mobile Solutions Pvt. Ltd


4. Universal Multifunction Accelerator

TheMorpheus

1. Dwellin


2. 500 Startups


3. Anyadir

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