Nasscom, the apex body of the IT industry, has taken a significant step to empower Indian tech startups in the field of artificial intelligence (AI). In an exciting development, the organization has announced the selection of 26 startups for its prestigious ‘Generative AI Foundry’ programme. This initiative aims to foster the growth and development of AI-based startups in the country.
These 26 startups were chosen from a pool of over 70 applicants, reflecting the immense enthusiasm and talent in the Indian startup ecosystem. What sets these startups apart is not just their innovative ideas but also their impressive track record. On average, the selected startups are already two years old and have managed to secure an impressive half a million dollars in funding from institutional investors.
The ‘Generative AI Foundry’ programme is a golden opportunity for these startups to gain invaluable support, guidance, and mentorship from Nasscom. With Nasscom’s extensive industry experience and network, the chosen startups can expect a significant boost to their growth trajectory.
This programme is especially significant in today’s era, where AI is playing an increasingly pivotal role in various sectors. From healthcare to finance, AI has the potential to revolutionize industries and drive innovation. By focusing on AI startups, Nasscom is not only promoting cutting-edge technology but also fostering a culture of innovation and entrepreneurship in India.
The selection of these startups is a testament to the incredible talent pool present in the Indian startup ecosystem. It showcases the burgeoning growth of AI startups and their potential to make a substantial impact on the global stage.
Nasscom’s commitment to supporting and nurturing AI startups is commendable. By providing them with resources, industry exposure, and mentorship, Nasscom is paving the way for these startups to become leaders in the AI domain.
In conclusion, the selection of 26 startups for Nasscom’s ‘Generative AI Foundry’ programme is a significant milestone in the Indian startup ecosystem. It not only empowers these startups but also highlights the immense potential of AI in India. With Nasscom’s support, these startups are poised to make a lasting impact and drive innovation in the field of artificial intelligence.
I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.
