INDIA, June 7, 2017:
NetApp (NASDAQ: NTAP) today announced the launch of the NetApp
Excellerator program, the company’s first startup accelerator in
Bangalore. NetApp is the leader in data insight, access, and control for
hybrid cloud environments. Through the NetApp Excellerator program, the
company wants to share its unique perspective and experience around
data with startups, and invest in solutions that will help enterprises
through this era of digital transformation.
The program was launched today at the new
15-acre NetApp campus at Bangalore in the presence of Mr. Mohandas Pai,
guest of honour and keynote speaker, partners, venture capitalists,
startups, and customers.
With the launch of this program,
applications for the four-month-long program are now open for startups.
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 market place. Applications are
invited from startups working in the areas related to IOT, cloud, big
data and analytics, machine learning, virtualization, data security,
storage and data management, and other adjacent areas.
Commenting on the launch Deepak Visweswaraiah, Senior Vice President & Managing Director, NetApp India said,
“The tech industry is going through a transformational shift with data
right at the center. Given NetApp’s rich legacy of innovation in the
data management space, and the fact that we were once a startup
ourselves, we recognize that some of the most creative, breakthrough
ideas will happen within India’s thriving startup ecosystem. Through the
NetApp Excellerator program, we would like to encourage and support
these start-ups and provide them with an opportunity to graduate to
their next phase of growth.”
The NetApp Excellerator program will
provide startups with access to collaboration and productivity tools,
co-working space out of the company’s global center of excellence in
Bangalore as well as networking opportunities with potential investors,
partners, and customers. Selected startups will have access to NetApp
platforms and technologies, tools, co-working space, HR, marketing,
legal and tech support. NetApp will provide an equity free grant of USD
15,000 to these startups upon completion of the program. What is more is
that the startups can own their IP (Intellectual Property) and NetApp
would not seek a stake in the same.
Ajeya Motaganahalli, Director NetApp India,
who will be driving the program said, “Through the NetApp Excellerator
program, we seek to engage with promising entrepreneurs contributing to
diverse set of tech areas. We will assist these startups with guidance
on building business relevance, exposure to our technology, partners and
customers, as well as venture capitalists, and explore opportunities
where we can take them to market. Our goal is to simply foster
innovation and push these brilliant ideas forward.”
Applications for NetApp
Excellerator program are now open for start-ups from areas related to
IOT, cloud, big data and analytics, machine learning, virtualization,
data security, data management and storage.
Established in the technology
neighborhood of Bengaluru at close quarters with the best industry
ecosystem, the NetApp Excellerator program will be hosted at the
company’s center of excellence in Bangalore. Working in close proximity
with one of NetApp’s largest R&D teams and best engineering talent
will also help the startups draw inspiration and realise their full
potential. For more information on this program, please visit http://startup.netapp.in .
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