With more than 50,000 startups, India is believed to have the third largest startup ecosystem in the world.
Software firm Hewlett Packard Enterprise (HPE) and angel investing platform LetsVenture on Monday announced the launch of an initiative which will support enterprise focused technology startups in India.
The HPE Digital Catalyst Program will be focusing on partnering with startups working in the area of Artificial Intelligence (AI), DevSecOps (development, security and operations), Cybersecurity and Intelligence Edge. HPE will work with selected batch of eight enterprise-focused, growth stage startups and aid them in exploring technology partnerships through licensing agreements, developing joint solutions and go-to-market models to address the digitization challenges of enterprise customers.
Startups which will be participating in the program will receive support from HPE teams including technology mentoring by HPE’s technologists, market validation and mentoring with HPE’s sales leaders, rapid prototyping support to build joint solutions and solution showcasing opportunities.
“COVID-19 has acted as a catalyst in accelerating digital transformation around the world,” said Som Satsangi, managing director, Hewlett Packard Enterprise, India “At HPE, we have always been a believer in the power of partner ecosystems in driving innovation. The HPE Digital Catalyst Program is our effort to connect the path-breaking innovations ushered by India’s vibrant startup ecosystem with the digitization needs of our enterprise customers.”
“At LetsVenture our focus has always been to add value to the journey of startups not just with capital but by opening up meaningful networks,” said Shanti Mohan, Co-founder, LetsVenture. “Partnering with the HPE Digital Catalyst Program will help create customer conversations for India’s best deep tech enterprise startups. It is bringing together capital, customer and community to founders.”
Hewlett Packard Enterprise is the global edge-to-cloud platform-as-a-service company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere.