Nasscom to mentor, fund 17 new deep-tech startups

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New Delhi: Nasscom on Friday unveiled the fourth batch of its DeepTech Club that might nurture, mentor and fund 17 startups running within the box of new-age applied sciences like Artificial Intelligence (AI), Internet of Things (IoT), Blockchain, Machine Learning (ML) and digital fact (VR).

The start-u.s.had been decided on for a four-month programme that might contain steerage, endeavor attach classes and publicity to traders and the worldwide start-up ecosystem, the IT trade’s apex frame stated in a remark.

“It is heartening to see Indian start-ups continued to prove their resilience by developing innovative solutions that would help society cope with the pandemic on a daily basis. We must ensure the growth trajectory of the start-up ecosystem is not derailed by providing them with coordinated support from all stakeholders,” stated Debjani Ghosh, President, Nasscom.

With over 1,600 DeepTech firms in India in 2019, there was a spurt in investment of deep-tech startups as investor pastime in area of interest merchandise and platforms has higher considerably.

“We have mentored 78 product companies so far and are very happy about the small part we are playing in nurturing the growing DeepTech ecosystem in India,” stated Milind Hanchinmani, Co-lead, DeepTech Club and Director at Intel.

The fourth batch features a various set of businesses that experience constructed extra special use circumstances for a number of verticals together with healthcare, production, advertising and buyer stories, cyber safety, public protection, delivery infrastructure and e-governance, and so on.

“I am looking forward to learning from the best mentors in the industry and grow Devnagri exponentially,” stated Himanshu Sharma, Founder & CEO, Devnagri which is without doubt one of the decided on 17 startups.

Praveen Bhaniramka, CEO of three-D assembly and collaboration platform Exxar stated they’re eager about running intently with the Nasscom mentors to create enlargement alternatives and “help the industry with COVID-19 related business continuity and inefficiency challenges”.

“Within a few weeks of joining, we are already seeing value through collaboration with other start-ups, guidance from committed mentors, ecosystem and go-to-market connects,” added Ganesh Subramanian, Founder & CEO, Stylumia Intelligence Technology.

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