"We have close to 14,000 entrepreneurs from over 80 cities registering with our programme who have submitted about 4,000 applications. We will now select about 20 to 25 start-ups for angel funding and incubation," said Som Mittal, president, Nasscom. Mittal added that Nasscom would select another 150 start-ups for mentoring by its members.
One of the applicants is Jeyanthan Hariharan whose start-up firm has developed a solution to bill Internet access at public hotspots such as hotels, cafes, airports etc.
Applicants such as Hariharan are making use of Nasscom’s recently launched programme “10,000 start-ups” under which it promises funding for tech start-ups. Of the 4,000 applicants about 25% are aimed at providing solutions pertaining to education and skill development. The retail vertical had 18% applications followed by media (15%) and healthcare (11%).