The National Association of Software and Services Companies
or NASSCOM has played the role of a key enabler in the Indian
start-up and VC ecosystem. NASSCOM initiated a program
called '10000 Start-ups’ in 2013, its goal being to support and
impact 10,000 start-ups in India by 2023. It is the single largest
platform of its kind in India. It has eight warehouses in all, which
can house upto 250 start-ups. Start-ups can stay here initially
for six months and get three extensions of six months each, till
when funding would eventually come. It has about 20 incubation
partners like T-Labs, Venture Nursery, HealthStart and 70 other
partners, which comprises angel networks and companies
interested in developing the start-up ecosystem.
Since its launch, Nasscom 10K Start-ups have attracted
13,937 applications, of which 1,255 have been
shortlisted. Sponsors include some of the biggest
names in global technology business — Google,
Microsoft, Amazon Web Services, IBM, Intel and
Verisign. They put in Wzabout $100,000 each
annually and help set up Centers Of Excellence and
create enabling infrastructure like IoT labs. Start-ups
can test ideas in these labs. Nasscom 10K has brought
much-needed visibility to shortlisted companies among
angel investors.The Indian Science & Technology Entrepreneurs parks and
Business Incubators Association or ISBA is the only pan India
network of Business Incubators and has an abundance of
expertise and knowledge base In Technology Business
Incubation, acquired over a period of 25 years. It promotes
business incubation activities in the country through exchange
of information, sharing of experience, and other networking
assistance among Technology Business Incubators (TBIs),
Science and Technology Entrepreneurs Parks (STEPs) and other
related organizations engaged in the promotion of start-up
enterprises. A unique feature is its diversity, with member
organisations coming from reputed Academic Institutions such
as IIMs, IITs & NITs, and many top Research & Development
organisations such as NCL, ICRISAT, NDRI etc. and Technology
Parks such as ICICI Knowledge Park, Technopark etc.
Further, diverse and virtually every emerging technology sector
are addressed from Information & Communication Technology
(ICT), IOT, Healthcare, Manufacturing, Electronics & ESDM to
Energy, Agriculture and its allied sectors. Even Clean-Tech
encompassing waste, water, environment, sanitation etc. and
Speciality sectors such as – nano technology, design, social,
textiles, fin-tech,etc.have been covered by the incubator
members.
Science & Technology Entrepreneurs Park (STEP): The core
philosophy behind the STEP programme, launched by the
Department of Science & Technology, Government of India in
early 1980’s was to convert “Job Seekers to Job Creators” by
promoting innovation based entrepreneurship among Science
and Technology graduates. It initiates active interaction
Science and Technology
Entreprenurs Park
‘Startup India’, launched by the Government of India in June 2016
is another flagship initiative which aims to power up the country’s
start-up culture. Seven new research parks will be set up under
the programme to provide facilities for encouraging
research and innovation among aspiring entrepreneurs in the
R&D sector. The Ministry of Commerce and Industry has
proposed setting up ‘India Start-up Fund’ with a corpus of INR
1,000 Cr to support high technology start-ups. In a positive
development for women entrepreneurs, the department has
announced specific decisions to support entrepreneurship
among women, such as earmarking INR 1,000 Cr out of Fund
of Funds for women-led/ centric start-ups. It will also be taking
measures to ensure that atleast one-third of the beneficiaries of
the programme are women.It is a historic point in time for Indian Tech start-ups as they are
poised to enter the global stage. Technology entrepreneurs in
India are building world-class start-ups, attracting global
investors in large numbers and creating their fair share of
unicorns. Of course just like any other sphere, it’s not going to
be a walkover. India, with its sheer market size and its share of
untapped, unexplored sectors, presents its own set of unique
challenges. But then these are challenges that every
entrepreneurial aspirant needs to be equipped to surmount if
they desire a slice of the pie that is the Indian startup ecosystem.REFERENCES:
You can download the full report from Nasscom’s
websitehttp://10000startups.com/acceleratehttps://www.instamojo.com/blog/india-ranks-3rd-
biggest-hub-startup-bangalore/https://economictimes.indiatimes.com/small-biz/
startups/newsbuzz/startups-in-india-see-108-growth-
in-funding-in-2018-nasscom/articleshow/66365422.
cms?from=mdrhttps://yourstory.com/2019/06/nasscom-startups-trav-
el-tokyo-raise-capitalhttp://isba.in/about/https://inc42.com/buzz/startup-india-vision-dpiit-india-
startup-fund/https://www.innovationiseverywhere.com/the-state-of-
india-startup-ecosystem-here-comes-the-growth-and-
10000-startups/https://economictimes.indiatimes.com/small-biz/
startups/newsbuzz/will-ensure-that-1/3rd-of-
beneficiaries-of-startup-india-are-women-dpiit-secy/
articleshow/69580134.cmsbetween academic institutions and industries for sharing ideas,
knowledge, experience and facilities for the development of new
technologies.