NASSCOM commits to encourage innovations on IoT space

The trade association for Indian information technology NASSCOM 10000 StartUps has formed a strategic alliance with IvyCamp to bolster innovation in the Internet of Things (IoT) ecosystem in India.
NASSCOM 10000 StartUps has been working to bring together valuable insights from Industry leaders to StartUps. It provides a window of opportunity to explore what the investors are looking at in a startup before funding.

The tie up is aimed at connecting startups, investors, mentors and industry bodies to converge and explore ways of working together. The IvyCamp Platform will connect the industry participants to entrepreneurs for providing guidance on formulating and driving IoT business. The program will continue for a year, where the participants will focus on seeking out, supporting and growing IoT innovations and ventures.

The alliance will also host an annual event—Rendezvous for the IoT Ecosystem (R-IOT)--the first of which will be held in Mumbai on July 1 at the NASSCOM 10K StartUp Warehouse in Navi Mumbai. The event will bring together innovators, mentors, investors and corporates in the IoT space to educate the community on the latest innovations in the field, along with challenges that the innovators face today. It will also address what is needed from the mentor and investor community.

“India’s digital revolution is at the tip of transformation right now. NASSCOM 10000 has been consistent in creating a sustainable ecosystem for the technology led products. The potential scope of disruptive technologies in India is vast, as they can have a massive economic impact. IOT is one such sector which is gradually gaining popularity. With this collaboration with IvyCamp, we aim to promote an IOT ecosystem, which is vibrant & at the same time innovative, which will help our country attain a leadership role in this field,” Rajat Tandon, Vice President, NASSCOM 10,000 startups said.