NetApp, a Fortune 500 American multinational storage, and data management company had announced the launch of the NetApp Excellerator programme in Bengaluru in July 2017. NetApp Excellerator programme is company’s first startup nurturing initiative in India that is designed to help startups create world class products and innovative solutions that are market ready.
The programme which was launched at the new 15-acres NetApp campus has recently taken in six startups as a part of its first startup accelerator cohort. The startups were selected from over 200 applications and will get a $15,000 grant from NetApp.The company has selected startups that have a B2B focus.
Commenting on the development, Ajeya Motaganahalli, Leader NetApp Excellerator Program said, “In India, we have seen there is a lot of stress on B2C. But, we are focused on the B2B space. We believe there is long-term value creation in that space.
The four-month programme will provide selected startups with an equity-free grant of $15,000 after the completion of the programme. Selected startups will receive technology and business mentorship as well as access to markets and investors to realize the full potential of their ideas and products in the global marketplace.
The NetApp Excellerator program will provide startups with access to collaboration and productivity tools, co-working space out of the company’s global centre of excellence in Bengaluru as well as networking opportunities with potential investors, partners, and customers.
Apart from this selected startups will have access to NetApp platforms and technologies, tools, co-working space, HR, marketing, legal and tech support.
NetApp has selected companies which strive to bring in automation and data analytics capabilities across sectors.