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6 new start-ups selected for 'NetApp Excellerator' programme

IANS  |  Bengaluru 

Data storage and management company on Wednesday announced the names of six for its "Excellerator" programme, which is designed to help new enterprises achieve their full potential through mentorship with one of its largest R&D teams.

The third batch of include CloudOptimo, FirstHive, InstaSafe, ai, and -- were selected based on their product capability, in-depth technology, performance in the boot camp and alignment with the programme objectives.

"We find that there is a bigger need for startup mentoring, especially on the technical side, which is uniquely positioned to offer," Ajeya Motaganahalli, Senior Director, Engineering Programmes and Leader, NetApp Excellerator Programme, said in a statement.

Each of these would now receive access to collaboration and productivity tools, co-working space out of the NetApp's global centre of excellence in Bengaluru along with networking opportunities with potential investors, partners and customers.

NetApp would also provide an equity free grant of $15,000 to these start-ups upon completion of the programme.

"A strong focus on go-to-market efforts with our sales team makes the startups market-ready and helps improve their financial viability," said Deepak Visweswaraiah, Senior Vice President and Managing Director,

From the last two cohorts of the programme, 12 start-ups have graduated and this cohort has seen an increased interest in technologies like (AI), (ML) and the Cloud.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 17:38 IST
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