India: The Technology arms of global software majors Microsoft and Tata Consultancy Services (TCS) on Thursday announced a joint initiative to mentor start-ups and engage with them to make innovate solutions for the global market.
“Microsoft Accelerator and TCS co-innovation network will create a platform to spur the Indian start-up system through an open framework,” the IT majors said at ‘Think Next Summer 2016’, a Microsoft Accelerator flagship forum here for thought leaders intended to drive transformation through innovation.
As access to markets and customers remains a challenge for Indian start-ups, the partnership will provide start-ups access to their networks and relationships across customers, investors, academia and industry, creating a value proposition in the enterprise marketplace.
“The progress India has made in IT and entrepreneurship over the years changed the landscape offering new entrepreneurs unmatched opportunities. As one of the contributors to the start-up ecosystem in this country, we felt it was a story worth telling,” said Microsoft Accelerator global director Ravi Narayan, releasing an e-book on the “History of Indian Start-up Ecosystem” on the occasion.
Another e-book – “Timeline of Indian Start-up Ecosystem” – was also released.
The joint initiative will also connect start-ups with corporates, which will get access to innovative solutions for their business needs while providing greater market access to start-ups.
“The partnership highlights our efforts to engage with start-ups and underlines our commitment to provide innovative solutions to our diverse customer base. As we enter a new phase of innovation and computing, companies must co-innovate and create strategic partnerships to solve challenging problems for customers,” said TCS global head for hi-tech industry solutions Nagaraj Ijari at the day-long event.
The joint programme will also offer participating start-ups access to the expertise and client-base of both the software majors and create opportunities to innovate and transform the business landscape.
The 12 graduating startups from the event are Altizon, Tarnea, Aureus Analytics, Baby Chakra, Reverie, Strides, Locus, Admission Table, Distiman, Calm.io, Yellow Messenger and Report Bee.
They made presentations on their ventures to about 550 delegates comprising corporates, investors, thought leaders, and Microsoft management who partnered to push the collaborative innovation.
Altizon announced the launch of iProd, a revolutionary IoT (Internet of Things)-based based product to empower manufacturers to optimize productivity and overall equipment effectiveness along with Distiman, a mobile app that maximises profits for mom and pop retailers through on-demand stocking.
“The interesting thing about India becoming a start-up nation is that this transformation happened not long ago, but around us.. As a citizen of the start-up ecosystem in the country, we decided to take an overview of the developments,” Naraynan added.
Infosys’ co-founder and former Unique Identification Development Authority of India (UIDAI) chairman Nandan Nilekani spoke on ‘An alternate view of the future: India in the age of technological disruption’ and Microsoft India chairman Bhaskar Pramanik on ‘The role of start-ups in India’s digital transformation journey’.