No better partner for Indian startups than JIO, says Mukesh Ambani; calls them brothers-in-arms

In his 43rd AGM meeting, Mukesh Ambani and fam touched many key-points. These included the launch of many products and the investment of Google in Jio. But subtly, Mukesh Ambani also mentioned something about start-ups.

In his speech, he said, "Just a few decades back, Reliance itself was a start-up, and as a less-than 4 years old company, Jio is still very much a start-up. As such we have a very special place in our heart for start-ups whom we consider our brothers-in-arms. I believe that there is no better partner for Indian start-ups than Jio. We are well-positioned to help Indian start-ups in many ways. Whether it be in technology development, product development, distribution, market access, or even scale-up capital."

He further added that Reliance Jio is ready to integrate these startups into its roadmap. It will help them "reach their full potential". "We believe that this would be the true measure of success for Jio, to create a mighty Knowledge Coalition that solves Indian problems and opens the doors for many more companies from India to step successfully on to the global stage," he said.

His star-studded list of 20 startups that are a part of Reliance Jio

The richest man and the head of the multi-billion-dollar Indian conglomerate said the company’s startup partners have contributed significantly to its strengths. He said that they are family and that, they have built significant world-class capabilities across multiple industry verticals and ecosystems. These hold the power to achieve a 360-degree digital transformation of India. The areas in which the startups worked are 4G and 5G technologies, Cloud Computing, Devices and Operating Systems, Big Data Analytics, Machine Learning and Artificial Intelligence, Virtual and Mixed Reality, Blockchain, Natural Language Understanding and Computer Vision.

Further, he invited more start-ups to join Reliance Jio in the journey of Atma Nirbhar Bharat. He said, "We are inviting even more startups to join forces with us. We are ready to integrate them into our roadmap and to help them reach their full potential."

Here's a list of all the Startups that Ambani's Reliance has mentored.

JioGenNext

Over the years, JioGenNext has mentored 11 batches comprising 136 startups across multiple verticals. It has helped them scale up, get market access, and raise capital. Since Reliance set it up in 2013, way before Jio came out, the JioGenNext startup accelerator has been a strong catalyst in empowering India’s startup ecosystem.

It works on the pillars of talent, technology, and trust. It spots and encourages 'talent'; help them harness their 'technology', and support them with complete 'trust'. The programme also helps startups build their business through a two-stage approach, which involves intensive mentoring, followed by a PoC with RIL/Jio. Further, the programme tracks the startup’s progress for a potential acquisition/strategic investment or a commercial partnership as the startup scales up.

If you are a startup, you can join the mentorship program by reading here.

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