Cisco announces an open innovation initiative named LaunchPad, to accelerate startups and support growth in India’s developer community. The unique initiative is sought to help startups, its authorised channel partners and developers to scale their solutions, address new markets and build digital businesses.
Hailing at its Bengaluru campus and leveraging its cutting-edge technologies, the company asserts to mentor startups and developers on how to help create digital solutions to enable enterprise customers, service providers and other enablers in the public and private sphere to connect the next three billion people and 50 billion devices through digitisation.
Commenting on the initiative, Amit Phadnis, President, Engineering and India Site Leader said, “Imagine the innovation you will create when you provide global scale to the best ideas of the world’s youngest startup nation and second biggest developer community. We have an unprecedented opportunity to digitize the next three billion people in one-third the time it took to connect the first three billion. Through Cisco LaunchPad we want to unleash the next generation of disruptive ideas and help turn the entrepreneurs of today into the business leaders of tomorrow.”
Cisco LaunchPad will involve a rigorous selection process based on the viability of applicants’ business plans, the strength of their teams and their alignment with Cisco’s digitization vision.
Through LaunchPad, the startups is said to get an opportunity to work on solving business relevant problems by catering to use cases that are identified and validated by Cisco go-to-market teams.
Further, the successful applicants will have unprecedented access to Cisco, the company’s channel partner ecosystem and select customers, and will offer startups a worldwide go-to-market engine to validate and scale innovative ideas.
On the heels, Cisco and Tech Mahindra Limited has also partnered to develop digital solutions for the Indian electric utilities. Cisco and Tech Mahindra will work with select startups and developers to accelerate digitization of the power sector and transform the way electricity is delivered to and used by people
KS Vishwanathan, Vice President, NASSCOM said, “Innovation and investment are the key drivers of the Indian economy, leading to jobs, growth and long-term prosperity. India is a hotbed of entrepreneurial talent and Cisco LaunchPad will be a tremendous accelerator for startups to develop digital solutions that reach a global market.”
“Digitization is disrupting every industry and that is especially true in the energy sector. We are working closely with Cisco to bring the power of digitization to millions of people. Cisco LaunchPad is an excellent platform for Tech Mahindra to help solve some of the complex emerging market problems like the energy management, healthcare access and intelligent manufacturing. We are also committed to the Digital India and Make in India initiatives taken up by the government of India,” adds L. Ravichandran, President and COO, Tech Mahindra.