Nasscom '10,000 Startups' invites applications for funding, acceleration

The association will shortlist close to 500 entrepreneurs who will be eligible for funding ranging from Rs 25 lakh to Rs 2 crore

As a next step to its recently launched ‘10,000 startups’ program, National Association of Software & Services Companies (Nasscom), today said it is inviting applications from technology startups across the country for Angel Funding and a national Acceleration Program. This invitation procedure will be processed through the recently launched portal for ‘10,000 startups’. The association has already received over 1,000 applications from various budding startups since the launch of the program and is expected to cross over 5,000 applications in the next few weeks.

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. Selected startups will be also offered 3 to 4 months of incubation at leading incubators of India, along with co-working space at affordable cost. Nasscom, along with partners, will focus on multifold activities aimed at fostering entrepreneurship, building entrepreneurial capabilities at scale and providing robust early stage support through mentorship.

The selected startups will be provided with a startup kit worth Rs 10 lakh comprising of a host of free business tools from Microsoft, AWS and Google. Focused initiatives through webinars will provide a focus on emerging technology trends and whitespaces where upcoming startups can build ventures.