Hyderabad: NetApp on Wednesday announced the third batch of startups chosen for NetApp Excellerator – the company’s flagship accelerator programme dedicated to helping startups operating in the data space. Six startups were selected from over 300 applicants from across the continent through a selection process focused on product capability, depth in technology, performance in the boot camp and their alignment with the programme’s objectives.
With 12 startups graduating from the last two cohorts of the programme, the stage is set for another batch of startups to accelerate their journey. This cohort has seen an increased interest in technologies like artificial intelligence, machine learning and the cloud. The startups selected for the third cohort are CloudOptimo, FirstHive, InstaSafe, Praktice.ai, Uber Diagnostics, and ZScore Technologies.
Ajeya Motaganahalli, senior director, Engineering Programs and leader of the NetApp Excellerator program said, “We are seeing a steady rise in the quality and maturity of startups, making the selection process tougher. We are applying our learning from the first two cohorts and the programme is maturing as a result of the same. We find that there is a bigger need for startup mentoring, especially on the technical side, which NetApp is uniquely positioned to offer.”
Talking about the company’s vision and the program, Deepak Visweswaraiah, senior vice-president and MD, NetApp India said, “The NetApp Excellerator is focused on the development and growth of data-driven startups, thereby enabling an ecosystem that can help our customers realise the potential of their data.”
Each of these startups 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.