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NetApp will provide an equity free grant of $15,000 to these startups upon completion of the programme
Cloud company NetApp has announced the six startups selected for the second batch of its startup accelerator programme, called NetAppNetApp Excellerator, to be held in Bangalore.
The startups are: ArchSaber, SigTuple Technologies, Nanobi Data & Analytics, Data Ken Technologies, BlobCityInc and Anlyz.
These names were chosen from the 450 companies that registered. Of these, 11 were shortlisted to participate in a rigorous boot camp that concluded with the six being selected for the second cohort. The selections were based on several factors like product capability and technical depth, fitment i.e. NetApp’s ability to add value to the startup, performance in the boot camp, learnability, coachability and credibility of the founding team.
Deepak Visweswarariah, NetApp India Managing Director and Senior Vice President, said: “We want the best of the data driven startups to take advantage of our data legacy. We have a great partnership with Scalend Technologies, a startup from our last cohort, that we are taking to market. We are keen to share knowledge, form partnerships, and create a data ecosystem. The fantastic response from the startups is a substantiation of our commitment and the quality of mentorship being offered as part of the program. As an encouraging trend, we are also seeing more startups founded and led by women entrepreneurs – we have two such examples in our Cohort 2.”
The selected start-ups will now receive access to collaboration and productivity tools, co-working space out of the NetApp’s global center of excellence in Bangalore as well as networking opportunities with potential investors, partners, and customers. These companies will also have access to NetApp platforms and technologies, tools, HR, marketing, legal and tech support.
NetApp will provide an equity free grant of $15,000 to these startups upon completion of the program.
