At a time when India is being touted as fastest growing startup nation in the World, global consulting and IT giant Accenture is planning to bring its startup innovation hub concept to India and will continue to work with Indian startups as it also expects the country to emerge a source of innovation for the world.
In an exclusive interview to Economic Times, Gianfranco Casati, group chief executive – growth markets at Accenture said, “I would say that it is more than a possibility (placing a startup hub in India). Collaboration with Indian startups is something already being done.”
Accenture India’s newly appointed chairman, Rekha Menon has a different point of view however. She says, “We are always training our employees – keeping them future-ready and engaged, because the newer generation wants to learn constantly. And we understand that some employees will want to move to startups, and we support that, because that’s the in-built risk in hiring top talent. We have also supported startups started by ex-Accenture employees.”
Accenture currently has innovation hubs centred on new-generation technologies such as internet of things (IoT) in Silicon Valley. The global consulting and IT giant is already working with Indian startups in its FinTech Innovation Lab in Hong Kong.
Accenture has worked with Indian startups before – at its labs in Hong Kong and through grants for researchers at some of India’s top engineering institutions like IIT Bombay and IIT Madras, BITS Pilani, and IISc, Bangalore.
Accenture is also working on bringing its 3D printing and IoT solutions to India as part of its growth markets strategy.
At its Innovation Lab, Accenture give early and growth-stage companies the platform they need to develop, trial and prove their proposition alongside the world’s leading banks. This 12-week mentorship program runs in New York, London and Hong Kong.
Most recently, this month only, Accenture has opened an Internet of Things center of excellence in Singapore to help companies companies in Asia Pacific region capitalise on technology innovations and transform their operations through a combination of deep industry experience and innovative technologies.