Pitney Bowes Inc an American technology solutions provider, said on Monday that eight Indian start-ups will be a part of its accelerator programme in India, which is part of software lobby body National Association of Software and Services Companies’ (Nasscom’s) “10,000 Start-ups” initiative launched in March 2013.
An accelerator programme is designed to help start-ups refine business ideas and reduce risks. Such programmes accelerate, or speed up, the development process of start-ups by providing a number of business support resources and services.
The Pitney Bowes programme, which was launched in May focuses on start-ups in the space of data analytics, location-based services and ecommerce management, such as Audianz Network Pvt Ltd—a location-based advertising platform; Heuristics Info Systems Pvt. Ltd—a GPS-based vehicle tracking system; Ideata Analytic Software Solutions Pvt ltd—a data intelligence provider; and Teritree Technologies Pvt Ltd—a customer experience management provider.
The eight start-ups will have access to Pitney Bowes’ software, application programming interfaces (APIs), or tools for building software applications, and data for the duration of the programme. They will also receive training, technical guidance and mentoring from a team of engineering and innovation leaders of Pitney Bowes and from software industry experts.
“Each of these companies is working on innovative ideas and solutions that complement our own technology solutions,” Manish Choudhary, vice-president, worldwide engineering, for Pitney Bowes Inc. said in a statement on Monday.
Other than Pitney Bowes, Indian start-ups are also getting a leg up from firms like GSF Accelerator, a technology accelerator based out of Bangalore that launched a global incubation programme that started in April this year.
On Monday, Microsoft Ventures and Desphande Foundation, too, announced the launch of Sandbox Startups—a Hubli-based incubator to provide entrepreneurs of tier two and three cities with business services support and mentoring.
Last week, Mint reported that Bangalore-based software product lobby body, the Indian Software Products Industry Roundtable, or iSpirt, added 50 members to its core 30-member “Founders Circle”, taking its core membership to 80 companies.
The report added that the money raised will be used to scale up existing activities and fund newer ones, giving an additional fillip to the about 4,000 product start-ups in the country.
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