Industry News

IBM and Incubator Kstart come together to endorse start-ups in India

India: India-based start-up, Incubator Kstart, which is an initiative taken by the venture capital firm, Kalari Capital of India has amalgamated with the US-based tech giant firm, IBM to enhance and promote the network of Indian start-ups by providing the required mentoring and training sessions to these start-ups.

According to Kstart, all the companies that come under its seed-stage portfolio, will be provided the occasion to register for Global Entrepreneur Programme (GEP) of IBM, which will offer business mentoring, networking opportunities, technical support, etc. to the entrepreneurs to help them in developing their applications across the IBM cloud.

Further, under this programme, the technology experts and business leaders will also educate the Kstart’s participants with proper cognitive learning, product designing and analytics to help them in augmenting their technology roadmaps, producing go-to-market strategies and attain the desired alignment in the market.

The total fund value being offered by Kalaari capital is USD650 million. Therefore, the programme will help Kstart in boosting the awareness among the startups to allow them to apply across USD0.12 million in the cloud credits for building and managing their applications on IBM cloud.

The Vice President of IBM’s growth initiative for India and South Asia, Nipun Mehrotra stated that this partnership will help the company in strengthening the ecosystem of the start-ups in India as the company will provide correct expertise and guidance to these start-ups.

TechSci Research depicts that the collaboration of IBM and Kstart will boost the innovation in the country by offering the required support to the start-ups in coming forward and presenting their solutions into the marketplace.

According to the recent report by TechSci Research, “India Cloud Computing Market Forecast and Opportunities, 2020”, the market for cloud computing services in India is projected to grow at a CAGR of over 22% during 2015-2020. Increased government spending on National Optical Fibre Network (NOFN) and various e-governance portals, coupled with growing acceptance of cloud services in SME segment is expected to drive the market for cloud computing. SaaS is set to top the charts as the largest cloud service segment, occupying over 40% share in the market by 2020.

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