Nasscom 10,000 StartUps along with IvyCamp, an initiative of IvyCap Ventures, has forged an alliance to bolster the Internet of Things (IoT) movement in the Indian startup ecosystem.
The initiative will connect startups, investors, mentors and industry bodies to converge and explore ways of working together, a statement from Nasscom said.
IvyCamp platform will connect the industry participants to entrepreneurs for providing guidance on formulating and driving the IoT business. Activities through the year will focus on seeking out, supporting and growing IoT innovations and ventures, it said.
“The potential scope of disruptive technologies in India is vast, as they can have a massive economic impact. IoT is one such sector which is gradually gaining popularity. With this collaboration with IvyCamp, we aim to promote an IoT ecosystem, which is vibrant and innovative, which will help our country attain a leadership role in this field,” Rajat Tandon, Vice President, Nasscom 10,000 StartUps said.
One of the key activities under this partnership will be to host an annual event R-IOT, Rendezvous for the IoT ecosystem, the statement said.
The first event will be held in Mumbai on July 1, at the Nasscom 10,000 StartUp Warehouse, Navi Mumbai to bring together innovators, mentors, investors and corporates in the IoT space to educate the community on the latest innovations and challenges in IoT.
IvyCamp will also be hosting an investor education programme on financing IoT startups, it said.
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