To make sure India produces robust, stable hardware startups as well — specially in the IoT domain — NASSCOM 10000 StartUps has formed a strategic alliance with IvyCamp to bolster the IoT startup ecosystem in India.
It aims to connect startups, investors, mentors and industry bodies to converge and explore ways of working together. It will create an ecosystem to make the right kind of impact and come up with solutions that change the way people live and industries work.
NASSCOM 10000 StartUps has been working to bring together valuable insights from Industry leaders to StartUps. It provides a window of opportunity to explore what the investors are looking at in a startup before funding.
The IvyCamp Platform will connect the industry participants to entrepreneurs for providing guidance on formulating & driving IoT business. Activities through the year will focus on seeking out, supporting and growing IoT innovations and ventures.
Speaking on the collaboration, Rajat Tandon, Vice President, NASSCOM 10,000 startups said,
India’s digital revolution is at the tip of transformation right now. NASSCOM 10000 has been consistent in creating a sustainable ecosystem for the technology led products. The potential scope of disruptive technologies in India is vast, as they can have a massive economic impact. IOT is one such sector which is gradually gaining popularity. With this collaboration with IvyCamp, we aim to promote an IOT ecosystem, which is vibrant & at the same time innovative, which will help our country attain a leadership role in this field.
Under this partnership, they are hosting an an annual event R-IOT, Rendezvous for the IoT Ecosystem. The first such event will be held in Mumbai on July 1 at the NASSCOM 10K StartUp Warehouse in Navi Mumbai.
The event will bring together innovators, mentors, investors and corporates in the IOT space to educate the community on the latest innovations in the field, along with challenges that the innovators face today.
It will also address what is needed from the mentor and investor community. The event will further provide an opportunity to StartUps to demo their products to investors, mentors and corporate partners.
Vikram Gupta, CEO & Managing Partner – IvyCap Ventures said,
This being an age of Internet Of Things (IOT), the startups today define the momentum of our economy. We are excited to announce the collaboration between NASSCOM 10000 StartUps and IvyCamp.Through this association, we will provide a platform to the budding entrepreneurs to connect with the industry veterans to seek guidance for formulating and driving the IOT innovations and help the ventures grow.