Mphasis Ltd, a $1 billion information technology (IT) services company, has partnered with Silicon Valley accelerator Plug and Play Tech Center to offer mentoring support to emerging technology startups.
In a statement, Mphasis said that its domain depth, technology breadth, scale and access to marquee customers combined with Plug and Play’s startup ecosystem will accelerate the co-creation of robust go-to-market solutions for enterprise clients.
Through this partnership, Mphasis has the opportunity to work with 700 shortlisted startups to create next-generation solutions and also collaborate with over 200 Plug and Play corporate partners to help them take disruptive technology to market.
With the aim of promoting collaboration with startups, Mphasis earlier had launched Sparkles, an innovative lab that develops domain-related innovation solutions by leveraging new companies.
“Sparkles Lab is leading the curve and fostering a unique partnership between global enterprises and promising start-ups,” said Dinesh Venugopal, President, Mphasis Direct and Digital. “Together with Plug and Play, we aim to co-create newer, disruptive solutions that can positively impact enterprise client’s business addressing their future challenges.”
He also added that this collaboration will lead to new insights into the impact of these disruptive technologies as well as go-to-market solutions for Mphasis’ enterprise clients.
Mphasis provides IT services to six top global banks, 11 out of 15 top mortgage lenders, and three top global insurance companies. The company has roughly 22,000 employees across 16 countries. Its innovation lab, Mphasis Sparkles Lab, will enable participants to identify, ideate, and create cutting-edge products and services, and provide opportunities to collaborate on ideas in a robust work environment.
US accelerator and seed investor Plug and Play connect startups to corporations and invest in over 150 companies every year. Since inception in 2016, its programs have expanded worldwide to include a presence in 27 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond.