Skip to main content

India third largest start-up ecosystem globally NASSCOM

NASSCOM has unveiled key findings of India Start-up Report 2014 at the 11th edition of its annual flagship Product Conclave in Bangalore.
Related Category: Sub Category:

The National Association of Software and Services Companies (NASSCOM) has kick-started its three-day annual flagship NASSCOM Product Conclave 2014 in Bangalore. The conclave builds on the fast growing product and start-up ecosystem in the country and provides a platform to engage with thought leaders in the product space, discuss issues of common interest and network with start-ups and partners to create a common framework for the future of the product start-up ecosystem in India. The event will feature 225+ international and national speakers, showcase of 120+ product companies and curated 250+ meetings.

The NASSCOM top emerge 10 companies will also be showcased on the sidelines of the conclave. These success stories are a mixture of burgeoning product innovations and exciting new solutions.

The growth of the software product industry in recent years has signalled a transformation - in India and across the globe. With increasing numbers of online active users becoming consumers of e-commerce solutions and the related marketplaces, Indian start-ups today are building global digital solutions to capitalize on this rapid growth. Hyper-growth, capital availability and acquisitions are the leading drivers of the growing start-up ecosystem in India. Indian start-ups today are well positioned to address the entire Asian market opportunity and also expand beyond the US and European region.

R Chandrashekhar, President, NASSCOM, said, “The Indian start-up ecosystem is rapidly evolving, driven by an extremely young, diverse and inclusive entrepreneurial landscape. An additional driving force is a four-fold increase in access to capital through VCs, angel investment and seed funding are allowing Indian entrepreneurs to work on building tailor-made products for their customers. Simultaneously, we need to also work addressing challenges in creating supportive government policies in terms of ease of doing business, tax incentives, participation in government contracts, availability of risk capital etc. NASSCOM will continue to actively engage with stakeholders across to address these challenges.”

Ravi Gururaj, Chairman, NASSCOM Product Council, said, “Scaling up, Design and Growth Hacking are the key priority for startups today. On the innovation front, it is imperative to increase collaboration and partnerships for product companies with platform players, IT Services, Global MNCs and CIOs. The conclave this year will showcase interesting technologies that are evangelizing the product space and that are poised to become ubiquitous across both the consumer and industrial fabric of our society.”

Votes with an average with

Related Story

Need to create ecosystem to make new IPR Policy successful: Suresh Prabhu

Though the government has come out with a National Intellectual Property Rights (IPR) Policy to promote a robust intellectual property (IP) environment across India, we need an ecosystem to take a…

Price Stabilization Fund for Agricultural Produce hiked to Rs 1,500 crore

Union Minister for Agriculture and Farmers Welfare Radha Mohan Singh today said that the central government is giving priority to agriculture sector by allocating maximum funds for the farmers’…

CropLife’s farmer engagement programme gains momentum

To empower farmers, CropLife has taken multiple steps towards capacity building at the grassroots in India. Owning to the positive impact of these programmes, especially “Madhu Sandesh”, a…

infinity banner