Design company Tata Elxsi has launched an incubation programme in Bangalore for startups and entrepreneurs operating in the areas of mobile, social, local, enterprise, Cloud and embedded applications.
The programme, incub@TE, is aimed at creating the next wave of product and service-oriented technology startups in these emerging sectors, the company said.
Candidates can apply by registering online on http://www.tataelxsi.com/incubate/.
"Tata Elxsi has been focussed on technology and new product and service development," said Madhukar Dev, MD and CEO, Tata Elxsi. "Tata Elxsi looks forward to working with aspiring, young entrepreneurs to help them realise their full potential, by providing infrastructure, expertise and support in access to key markets and funding.
According to Rajesh Kumar, VP, strategic initiatives, Tata Elxsi, incub@TE will enable startups and aspiring entrepreneurs to convert their innovative ideas into commercially viable products and services. "It will also help entrepreneurs associated with the programme gain better market visibility, acceptance and credibility."
The incub@TE programme is also aimed at helping entrepreneurs to take their ideas to the market by providing ready-to-use infrastructure, key technical consulting through in-house experts, mentorship, access to service providers and connections with people and organisations that matter.
The Indian startup ecosystem has been drawing a huge attention from across the world, with angel investors and seed funds setting up incubators and accelerators across various metros. Early this month, veteran Silicon Valley entrepreneur and venture capitalist Vinod Khosla set up Khsola Labs, an incubator for startups in India.
Another incubator, Startup Village, started recently in Kochi focuses on telecom technologies. Infosys co-founder Kris Gopalakrishnan is the chief mentor of this incubator. The Hatch seeks to be a pan-India incubator with campuses in six cities besides overseas centres. Angel investor Ravi Trivedi-founded Srijan Capital not only invests in startups, but provides incubation and mentorship to them.
(Edited by Prem Udayabhanu)