India: Nasscom to select 30 deep tech startups for mentoring

Artificial intelligence. Photo: Reuters

Industry body Nasscom (National Association of Software and Services Companies) will mentor 30 growth-stage deep tech startups from the National Capital Region, Bengaluru, Hyderabad, and Mumbai, in the third phase of its deep tech mentorship programme.

According to Nasscom, there has been a spurt in funding in deep tech startups, as investor interest in niche products and platforms has increased significantly. Technologies such as artificial intelligence (AI), Internet of Things (IoT), Blockchain, Machine Learning (ML), and virtual reality (VR) are leading the startup space and attracting interest and activity, Nasscom said, in a note.

Over 8-12 weeks, the startups in the third cohort of its DeepTech Club Mentorship programme, will be exposed to mentors, corporates and financiers, Nasscom’s Vice President, Industry Initiatives, K S Viswanathan, said, over the phone. It seeks to “accelerate them to the next level, in terms of revenue, get them ready for seed funding, and help them with market access”, he said.

“We launched the 10,000 Startups program six years ago, to help startups in the ideation and concept stages and to become product ready. After five or six years, we started the Accelerate 10X program. As a prelude to that, we started the DeepTech Club to identify potential startups in deep tech areas,” he said.

These are mostly in the business-to-business segment, working in the areas of analytics, AI, Augmented Reality (AR), VR and IoT.

The deep tech programme, launched last year, has mentored 50 startups over two cohorts. Though it is a structured mentorship programme, along the way, startups discover areas where they require guidance. “It could be in storytelling, business proposals, product pricing strategy and so on,” he added.

This article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.