Nasscom invitation for applications under 10,000 start-up programme got closed on may 30. A total of 4000 applications have been received out of which only 150 will be selected for mentoring and finally 25-30 startups will be selected for angel funding and incubation. Nasscom has began inviting applications for its 10,000 start-up programme from April 5 with partners such as Google, Kotak, Microsoft and Verisign.
The applications are received from entrepreneurs of over 80 cities and from different verticals such as media, education, retail, internet startups , healthcare, etc.
The highest number of applications were received from Silicon city Bangalore while more than 70% applications were from applicants under 30 years of age.
Around 66% of the applications are from Web/Internet startups followed by Education(25%), Mobile startups(24%), Retail(18%), Cloud(16%), Media(15%), Big Data(11%) and Healthcare(11%).
With 23% startups looking for more than INR 1 Cr funding and 4% only invested by angels, clearly highlight the lack of early stage capital and angels in the Indian ecosystem.
The startups in the Growth and operational stage includes 30% of the received application also presents serious opportunity to various investors in the domain And bigdata, cloud and healthcare seems more open markets.
Here is the interesting infographics about the snapshot of startup ecosystem in India with the data collected by Nasscom.
So what do you think, where we are headed?