US-based technology solutions company Pitney Bowes is setting up an accelerator as part of National Association of Software & Services‘s (NASSCOM’s) 10,000 startups initiative, and it will start accepting applications from software startups on May 1.
The company will focus on software startups in areas such as mobile, data analytics, location-based services, and e-commerce management. Selected start-ups will have unlimited access to Pitney Bowes’ software, application programming interfaces (APIs) and data for the duration of the program. They will also get training, guidance and mentoring from the company’s engineering and innovation teams, apart from from software industry experts.
Incubator with a little help from governments
NASSCOM is also setting up a ‘Startup warehouse’ along with Karnataka government that will incubate 25-30 early-stage technology firms, reports Mint. As part of the incubator, these startups will participate in monthly hackathons, work closely with other entrepreneurs, receive mentoring and receive funding from investors, three people familiar with the development told the publication.
This new incubator will also accommodate startups for more than six months unlike traditional incubators, but it’s not clear what the length of an average batch will be.
NASSCOM is also reportedly in talks with several state governments, including Goa and Maharashtra, to open start-up warehouses.
When incubators tie-up
Health-focused incubator HealthStart that was launched in February last year, has partnered with DLabs, a design-centric business incubator of Indian School of Business. The companies are set to invest in around half a dozen companies next month, reports VCCircle. These companies will get an initial investment of Rs 15-20 lakh each which will be invested by HealthStart. DLabs and HealthStart will invest equal amount in companies selected for the second batch.
HealthStart is also looking at investing Rs 50-60 lakh in up to three later-stage companies and has appointed Vishal Bansal as its CEO. HealthStart is also in talks with a US-based fund which could partner and co-invest with it in the Indian healthcare sector.