Cloud computing and data storage company NetApp, has begun the second edition of its startups accelerator programme, NetApp Excellerator in India. As part of the programme, the company has selected prominent startups in the AI tech space. The programme which was started in Bengaluru earlier, helped enterprise startups to achieve a firm footing in their business by providing R&D expertise through their research teams. The first edition mainly saw AI startups being chosen, which served in the areas of finance and healthcare.
The second edition programme has selected a total of six startups – SigTuple, Nanobi,ArchSaber, Anlyz, Dataken and BlobCity. “These six start-ups were carefully selected from over 450 applications. Our mentors and in-house technology expects took great care in creating custom programmes for each of them. Through their time with the NetApp Excellerator Programme, SigTuple, one of the participating startups received funding,” Ajeya Motaganahalli, Senior director and leader of NetApp Excellerator, told a newspaper.
The startups will make use of resources such as NetApp’s platform and technology, their co-work spaces, tech support and human resources in addition to receiving a grant of 15,000 USD.Deepak Visweswaraiah, Senior Vice-President and Managing Director of NetApp India told, “We do not own any equity in these ventures. It is an equity-free grant and they get to keep their Intellectual Property (IP)”.
NetApp Excellerator will definitely boost startups which are focussed into diverse areas and applications of AI. The cloud-solution providing company has also planned to release the third edition of the programme soon.