150 IoT start-ups in 3 cities in as many yrs: IAMAI, Napino tie up


NEW DELHI: The Internet and Mobile Association of India (IAMAI) has teamed up with Mobile10X and Napino Auto & Electronics Limited to bring together startup entrepreneurs so that they can realise their true potential and evolve Internet of Things (IoT)-based ecosystem in the country.

Iot.IN is one-of-its-kind initiative and will invite nominations from IoT startups based in Delhi-NCR, Bangalore and Mumbai. It will provide mentorship, investment and partnership opportunities to the select startups. The focus of this initiative is to encourage young aspiring entrepreneurs to create innovative and disruptive solutions around the IoT, which will eventually align the government’s Smart India initiative with the vision of Digital India.

In the past two years, Napino has invested Rs 300 mllion in technology companies at different stages of business cycles. In the next two years, it will invest Rs 600 million and focus on next-generation tech companies in IoT, Blockchain, Big Data and Artificial Intelligence.

Napino director Vaibhav Raheja said: “We want to be at the forefront of innovation and have been continuously supporting entrepreneurs by providing business expertise, engineering and manufacturing support and industry connects. Despite a high rating on innovation and entrepreneurship, India attracts a meager share of VC funding in the world because of gaps in skills, scaling and business development models that entrepreneurs follow.” He said that Napino has five facilities to begin with for this programme.

To a question, he said that Napino was bringing in the hardware and the Cloud support in this programme.

‎‎Amazon Internet Services head - India Bikram Bedi who is a senior IAMAI member said the plan was to start at least 150 start-ups in the three targeted cities over the next three years.

About the help from the government, he said the government was helping individual programmes under the "Digital India" programme. He told indiantelevision.com that the programme would be publicised through the large number of members of IAMAI apart from alternative methodologies.

Bedi said: “We are headed to a completed connected world and this will soon be a nine billion dollar industry with shareholders among ISPs, TSPs, and others who could contribute to making India a hub for this sector.”

Through the iot.IN programme, Bedi said, they will be publishing white papers, building proof of concepts around segments which are central to the Digital India vision. The programme will focus on healthcare, automobile, agriculture, transportation, and smart cities. Going forward, the aim is to move into blockchain technology development, artificial intelligence, and also virtual reality.

He said consulting firm Deloitte estimates that India’s mobile data usage will grow to 1608 PB by 2020. 1 PB (or petabyte) amounts to 1,000 TB (terabyte) or 1 million GB (gigabyte).

IAMAI Startup Foundation’s Mobile 10X programme CEO Jitender Minhas said: “The Mobile10X programme has been striving relentlessly to provide a robust support system for app developers and young startups. I believe this joint effort will be a perfect complement and give a fillip to nurture dynamic startups. With many more such initiatives, we will see great products emerging from such programmes.”

Though he declined to give a definite figure, he told indiantelevision.com that a percentage of the Rs 600 million was being set aside for marketing.

He said initially, the start-ups will get a grant to launch their companies. As a part of the programme, startups will be provided technical, marketing and leadership skills along with financial support to build applications and businesses. They will also network with industry leaders, thought leaders, VCs, ecosystem evangelists and funders.

Latest Reads

The National Inclusion Cup 2018 a CSR initiative of Sony Pictures Networks India

Sony Pictures Networks India (SPN) is proud to be sponsoring the 2nd edition of the National Inclusion Cup (NIC), which is the only national football tournament of its kind for underprivileged youth. The NIC is being held from 20th-23rd Mar’18 at Tiger Play, Lokhandwala, Mumbai and is organised in...

iWorld Over The Top Services
Applause Entertainment to make web series on 1992 Securities Scam based on the book ‘The Scam’

For the first time ever, the true story behind one of the most notorious scams of the Indian Stock Market shall be brought on screen by Applause Entertainment in a 10 part series. SuchetaDalal and DebashisBasu’s ‘The Scam’ is one of the most thrilling non-fiction books ever written in India....

iWorld Over The Top Services
Sony Pictures Networks India inaugurates its first music room at Bhondsi Jail, Gurugram

Staying true to its CSR commitment of Ek India Happywala, Sony Pictures Networks India (SPN) has partnered with India Vision Foundation to launch its first music training room at the Bhondsi jail in Gurugram.

iWorld Over The Top Services
Shemaroo launches Hindu devotional app 'HariOm'

Shemaroo Entertainment Limited has launched a Hindu devotional app ‘HariOm’ with a variety of features. The HariOm app is a much-needed digital alternative to connect people with their faith and engage with their community.

iWorld Over The Top Services
Eros International acquires film rights to best-selling author Ashwin Sanghi's The Krishna Key

Eros International, a leading global company in the Indian film entertainment industry has acquired the rights to adapt best-selling Indian author Ashwin Sanghi’s anthropological thriller The Krishna Key into a theatrical film and original series for their digital over-the-top (OTT) South Asian...

iWorld Over The Top Services
SonyLIV adds 7 new channels from SPI

SonyLIV will be adding seven channels from SPI’s bouquet by the end of February. The distribution deal will include international movie channel Filmbox Art House, 24-hour martial arts channel Fightbox, and sports and lifestyle channel Fast&Funbox.

iWorld Over The Top Services
Rahat Fateh Ali Khan's latest 'Yeh Zindagi' available exclusively on Idea Music

Idea Music, the one-stop entertainment destination for all music lovers, from one of the leading telecom operators, Idea Cellular, has come out with a musical bonanza for all its listeners.

iWorld Telecom
YouTube’s premium ad-free service Red to hit 100 new countries

YouTube is all set to expand its premium subscription service YouTube Red to as many as 100 countries, according to YouTube chief executive Susan Wojcicki. The target countries haven’t yet been decided.

iWorld Over The Top Services
Ace filmmaker Subhash Kapoor signed by ALTBalaji for its next #ALTBalajiOriginal

Since its launch in April, ALTBalaji has more than 15 million mobile downloads. The ad free, subscription-based platform is available in over 90 countries and offers original content in various Indian regional languages, making it India’s largest repository for original and exclusive digital...

iWorld Over The Top Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories