BSE Institute Gearing Up To Accelerate Startups
BSE Institute Ltd recently launched an accelerator for technology startups this Friday. BSE Institute is owned by the Bombay Stock Exchange and the new launch will be in collaboration with Ryerson Futures Inc. (Toronto), which is the technical wing of Ryerson University, Canada.
This venture would be concentrating on scalable, tech-startups and will also be looking at building a successful model of the digital media zone (DNZ) in India. DMZ refers to Ryerson’s flagship project in Toronto, which has witnessed the creation of over 150 startups over the last five years.
BSE’s take on Startup India
The CEO of BSE Institute, AmbarishDattaremarked how happy the BSE team is to make this move and to actively take part in the Startup India campaign. “This is a true nation-building activity, since in addition to providing a platform for budding startups, we also contribute to job creation through the hundreds of jobs and internships at the startups that we are mentoring in our accelerator,” he said.
This project was carried out under the National Science and Technology Entrepreneurship Development Board (NSTEDB) programme, which comes under the National Department of Science & Technology of India. The working model has been set up as a technology based incubator.
At present, India is on a startup frenzy and it has been attracting attention from all over the world. The Union Government has plans to fork out a whopping Rs.10, 000 crore fund to fire up the nation’s startup campaign. Nasscom data has also recorded how the number of active investors in Indian startups has doubled from 220 to 490 over the last year.