NASSCOM announces Get In The Ring winners
The National Association of Software and Services Companies (NASSCOM) today hosted a special international event ‘Get in the Ring’ on the sidelines of NASSCOM Product Conclave 2015 in Bengaluru.
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After an enthralling and captivating performance in the ring, HyperVerge and Doctors’ circle have qualified to represent India at the Asia Finals of the Get In the Ring; a Global platform which recognizes and acknowledges promising startups from across the world. This was the first time that this widely popular global platform has been introduced in India.
As part of the event the jury panel consisted some of the supreme names in the industry such as Mr. Dave Mclure, 500 startups; Mr. Steven Lurie, Team Builder Ventures; Mr. Ravi Gururaj, Chairman, NASSCOM Product Council; Mr. Mukund Mohan, Microsoft Ventures. In the next phase of this war, the winners from India will get a chance to participate in the Asian finals that is scheduled to be held in South Korea and during the international finals in Columbia; winners from around 10 countries will fight for the final spot.
The Indian technology start-ups landscape has seen a remarkable growth in the emergence of innovative start-ups and creative entrepreneurs. Get in the Ring gives an opportunity to start-ups to participate in a pitch battle between two start-ups. It is conducted in over a 100 countries across the world. There are five rounds, ending in a Q&A and a vote for the winner by the Champion judges and the audience.
Mr. Rajat Tandon, Vice President, NASSCOM 10 K start-up program, said “Startups are changing the world. They develop innovations at a high speed, confront large companies and find solutions for world challenges. Startups need assets such as capital, talent and knowledge to survive in today’s raging environment. Globally, these resources are available in great quantity, but often don’t connect. Initiative like GITR will not only support current startups in India by facilitating them in scaling up their operations, but will also encourages more people to join the league”.
NASSCOM received applications from organizations that focus on creating a massive social impact and address issues like nutrition, food security, creating technological awareness, innovative living solutions and providing digital solutions. Other sectors are food & beverages, mobile & apps, travel & tourism, IT Services, energy, marketing & e-commerce, retailing & distribution, and charity.
The daylong event consisted of a selection round and a final round. During the selection round four startups from a group of 32 startups were selected to get the opportunity to battle on the main stage in the final round. Further, at the final round six startups divided in 3 weight classes had face off against each other in the ring. During five brief rounds they presented their startup to a jury of champion investors, and an audience of potential investors and fans, in a competition that will result in a potential investment for the winner.
Started in April 2013, 10,000 Start-ups is an ambitious attempt by NASSCOM to scale up the start-up ecosystem in India by 10x. 10,000 Start-ups aims to enable incubation, funding and support for 10,000 technology start-ups in India over the next ten years. The program’s vision is to foster entrepreneurship, build entrepreneurial capabilities at scale and strengthen early stage support for tech start-ups. The initiative brings together key stakeholders of the ecosystem including start up incubators, accelerators, angel investors, venture capitalists, start-up support groups, mentors, and technology corporations. Since its launch, we’ve done about 600+ high impact events in 25 cities of the country which were attended by a whopping 25,000 attendees and have impacted 1100 startups out of 11,000 Applicants. The program is supported by our founding partner Google for Entrepreneurs, and Industry Partners Microsoft Ventures, Kotak, IBM and Amazon Web Services.