Techstars Expands Startup Opportunities in India

November 23, 2017

3:50 pm

India’s entrepreneurial ecosystem has been a boom cycle. According to CBS News, India has been a trajectory of new startups out of the need to create jobs for themselves. There has been “more than 65 percent of the population under 35 years of age and a record-breaking growth in smartphone adoption and data services across the country, there has been a rising demand for next-generation services with simplified solutions.”

In response, Techstars, the worldwide network that helps entrepreneurs succeed, entered into a joint venture with ANSR, a leader in Global In-House Centers, to further expand Techstars’ worldwide network in India. Formally named Techstars India, the fully aligned partnership will connect India’s entrepreneurs and corporate leaders with the Techstars network. Techstars India will explore numerous entrepreneurial opportunities in India such as Techstars Mentorship-Driven Accelerator Programs and Techstars Corporate Innovation Partnerships.

Techstars India expands the reach and access of the Techstars entrepreneur network to India. Techstars India will enable India’s entrepreneurs to make connections and access the resources of Techstars’ worldwide network that they need to succeed. The Bangalore region, where Techstars will be located, boasts a growing entrepreneurial culture, a wealth of Fortune 500 company sites, a supportive government, and increasing availability of financing – key ingredients to a successful and empowering startup network.

Led by Lalit Ahuja, ANSR has partnered with more than 20 companies to advance their transformation agenda by establishing Global In-House Centers (GICs), research and analytics centers, and startup engagement programs. Each of these building blocks has resulted in massive impacts for Fortune 500 companies and their growth and business transformation strategy driven by the power of global talent resources and accelerated innovation.

“It’s no joke when Techstars says that they like to do more faster,” said Lalit Ahuja, CEO of ANSR, “Once we struck on the idea of a joint venture with Techstars, David Brown and David Cohen moved at the speed of light to dig in, form plans and we are excited to partner with them.”

Techstars has had a long and productive presence in India, beginning with Techstars Startup Digest in 2010 and quickly expanding to Techstars Startup Weekend in 2011. Techstars has run 133 Techstars Startup Weekends throughout India, building startup entrepreneurial networks in tier-one metro cities like Delhi – NCR, Bangalore, Hyderabad, Chennai, Mumbai and Kolkata.

In addition, Techstars has focused on democratizing entrepreneurship across smaller towns and cities across 22 Indian states by inspiring them to start enterprises in Kashmir (North) to Kerala (South) and by creating entrepreneurship opportunities from Rajkot (West) to Imphal (East).

Of the numerous Techstars Startup Weekend editions organized across India, the events have focused on specific themes such as Women, Youth, Education, Makers, Design, Mobile, Health & Wellness, Governance, Social Innovation, Tech, Financial Inclusion, UNI, Construction, Innovators, FinTech, Anti-Human Trafficking, Healthcare & Analytics, Music, MedTech, Kids/ Youth, and AI. One notable startup, RidingO, was started at Techstars Startup Weekend in Bangalore in 2012 and went on to be acquired by Carzonrent.

Techstars India will be scaling and adding local staff to to support the Indian expansion.

Read more about international ecosystems on TechCo

This article is courtesy of Techstars, the best global ecosystem for entrepreneurs to bring new technologies to market. From inspiration to IPO, Techstars empowers the world’s most promising entrepreneurs throughout their lifelong journey by providing a global ecosystem made up of tens of thousands of community leaders, founders, mentors, investors, and corporate partners.

Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Founder and co-CEO @Techstars

  • Shares

Leave a Reply

  • (will not be published)
Startup_Mixology_300x250
Startup_Mixology_300x250