Indian Angel Network and US-based tech giant IBM have joined hands to enhance technology innovations in the entrepreneurial and startup ecosystem in India. Under this partnership, the IAN portfolio companies and their members will closely work with IBM to build thought leadership by executing IBM IX Studios programme and design thinking workshops. Moreover, they will also get an access to broad new dimensions of next generation technologies such as cognitive, cloud, analytics loT and Mobility, IAN said in a statement.
Padmaja Ruparel, Co-founder & President at IAN said, “IAN and its portfolio companies have been associated with IBM in the past and this partnership has helped nurture high growth startups. We believe this synergistic partnership will breed innovative technologies and grow global footprint companies from India.”
In order to further enhance technology innovation, IAN and IBN will also work on numerous joint initiatives as well as offer mentorship and financial support to developing start-ups with an aim to increase their ability of scaling business towards technology and newer business engagements. “IBM will engage, influence and mentor the early stage startup ecosystem and additionally nurture an IP led startup ecosystem focused on IOT, Artificial Intelligence, Security, Commerce etc and influence by design thinking,” stated by Nipun Mehrotra, Vice President, Growth Initiatives, IBM India/ South Asia.Read about DIPP.
Established in 2006, IAN is largest angel network in the country with over 100 individual investments and out of which 20 plus investments have been made in the first half of this year. Besides, it is reported that the partnership will spur the transformation of technology startups across the country and they’ll get the right to impart the support they require for placing their products or solutions in the marketplace. As part of the partnership, IBN together with IAN will arrange knowledge sharing and enablement sessions on analytics and product design, education, cognitive learning, financial services, retail, healthcare and IT.
The latest collaboration between IBM and IAN is a part of the IBM’s commitment to the Indian-startup ecosystem by which it wants to expand its portfolio into every major financial market. Having this partnership, the IAN portfolio startup firms will also get the chance to apply for the IBM Global Entrepreneur Program, which endows business mentoring, and networking opportunities along with enterprise clients as well as apply for up to $120,000 credits to design their applications on IBM Cloud. Read more Startup News.