I moved back to India from the bay area in mid 2000s. At that time, the Indian startup ecosystem could have easily fitted into a large conference room. In a short span of 10 odd years, it grew significantly.
Having built multiple startups and mentoring many more in India, I believe that we have solved the question of volume of startups in the ecosystem – there are over 5000+ tech startups with 1500 being added every year. There is a positive mindshare around startups, and good supporting ecosystem of investors and ecosystem players.
The constraint, however, has now shifted to “value” – which can be characterized as:
Path to market – There is limited access to local, regional and global markets. Startups find it difficult to build traction.
Product depth – Startups need to focus on building innovations that are narrow but go significantly deeper to solve a problem than light-weight solutions that stitch something together in a novel way.
This is where Techstars can really help the Indian ecosystem. Techstars is the worldwide network that helps entrepreneurs succeed. It can bring its decades of experience helping startups and founders globally in 100+ countries. Its 1500+ founder network, 10,000+ mentor network and corporate partnerships bring a powerful ensemble that can help Indian startups up level – both in terms of path to market and in building world class quality.
And in this process, Techstars too will gain in understanding how next generation entrepreneurship works. India is a gateway to innovation for the next six billion users in emerging economies. Innovation in this environment of constraints, cultural diversity and scale is unique and requires a different approach.
This complementary synergy – that of Techstars global experience combined with India’s massive canvas of innovating for the next six billion is powerful.
This is why I’m pleased to be joining the Techstars network as President of Techstars India. I believe that we are embarking on an exciting journey together.
Techstars India will be innovating in areas aligned to startups, corporates and talent.
India’s entrepreneurial ecosystem is unique in multiple ways
This ecosystem is now one of the top 20 in the world, sports few unicorns and has solutions that are not only used in the local markets, but are also used worldwide. Entrepreneurs’ confidence has grown from building solutions that are adaptations of models elsewhere, to building unique and relevant solutions to the problems and opportunities of India.
Tech Resource Scale: Over one and half million engineering graduates come out of colleges every year. With a young demographic (the median age is 28), the headroom for talent availability is significant.
Developer ecosystem: Over three million developers (second only to the US) are available and this number is growing.
Corporate ecosystem: There is a strong mix of software R&D, system integration, and startup companies, creating a unique opportunity for collaboration to create innovative solutions.
Large (open) domestic market: With over 1.3 billion population, it has a large and growing domestic market. Over 700 million people are getting technology access via smartphones and data, making it a fast growing market for tech enabled products and solutions.
Global startups: India also has a growing pool of startups going global. Almost 40% of all new startups are focused on selling globally.
If you are interested to know more about any of the programs in India or if you would like explore partnership with Techstars, please connect with us at email@example.com.
Techstars and ANSR Create Joint Venture to Expand Entrepreneurial Opportunities in India
Techstars, the worldwide network that helps entrepreneurs succeed, announces a joint venture with ANSR, a leader in Global In-House Centers, to further expand Techstars’ worldwide network in India. Formally named Techstars India, the fully aligned partnership will connect India’s entrepreneurs and corporate leaders with the Techstars network. Techstars India will explore numerous entrepreneurial opportunities in India such as Techstars Mentorship-Driven Accelerator Programs and Techstars Corporate Innovation Partnerships.
Techstars India expands the reach and access of the Techstars entrepreneur network to India. Techstars India will enable India’s entrepreneurs to make connections and access the resources of Techstars’ worldwide network that they need to succeed. The Bangalore region, where Techstars will be located, boasts a growing entrepreneurial culture, a wealth of Fortune 500 company sites, a supportive government, and increasing availability of financing – key ingredients to a successful and empowering startup network.
Techstars has had a long and productive presence in India, beginning with Techstars Startup Digest in 2010 and quickly expanding to Techstars Startup Weekend in 2011. Techstars has run 133 Techstars Startup Weekends throughout India, building startup entrepreneurial networks in tier-one metro cities like Delhi – NCR, Bangalore, Hyderabad, Chennai, Mumbai and Kolkata. In addition, Techstars has focused on democratizing entrepreneurship across smaller towns and cities across 22 Indian states by inspiring them to start enterprises in Kashmir (North) to Kerala (South) and by creating entrepreneurship opportunities from Rajkot (West) to Imphal (East).
Of the numerous Techstars Startup Weekend editions organized across India, the events have focused on specific themes such as Women, Youth, Education, Makers, Design, Mobile, Health & Wellness, Governance, Social Innovation, Tech, Financial Inclusion, UNI, Construction, Innovators, FinTech, Anti-Human Trafficking, Healthcare & Analytics, Music, MedTech, Kids/ Youth, and AI. One notable startup, RidingO, was started at Techstars Startup Weekend in Bangalore in 2012 and went on to be acquired by Carzonrent.
Techstars has 10,000 Techstars Startup Digest India subscribers with Techstars Startup Digests covering Bengaluru, Hyderabad, Kochi, Kolkata, Mumbai, Pune, Visakhapatnam, and India as a whole. Techstars India will be scaling and adding local staff to to support the Indian expansion.
Led by Lalit Ahuja, ANSR has partnered with more than 20 companies to advance their transformation agenda by establishing Global In-House Centers (GICs), research and analytics centers, and startup engagement programs. Each of these building blocks has resulted in massive impacts for Fortune 500 companies and their growth and business transformation strategy driven by the power of global talent resources and accelerated innovation.
“It’s no joke when Techstars says that they like to do more faster,” said Lalit Ahuja, CEO of ANSR, “Once we struck on the idea of a joint venture with Techstars, David Brown and David Cohen moved at the speed of light to dig in, form plans and we are excited to partner with them.”
The Techstars Worldwide Network helps entrepreneurs make the connections and access the resources they need to succeed. Techstars Startup Programs inspire, educate, and connect entrepreneurs. Techstars Mentorship-Driven Accelerator Programs invest in founders to help them do more faster. Techstars Corporate Innovation Partnerships help corporations supercharge growth by accelerating innovation and cultural transformation. Techstars accelerator portfolio includes more than 1,000 companies with a market cap of $9.9 billion.
Backed by Accel Partners and Infosys and headquartered in Dallas, TX, ANSR is a global leader in establishing, operating and optimizing Global In-House Centers ‘GICs’ and provides end-to-end solutions to enterprises across the GIC life-cycle. Through Kyron, its innovation arm, ANSR also operates Innovation / Corporate Accelerator Programs. Since its inception in 2005, ANSR is credited with establishing and operating some of the best managed GIC’s in India. ANSR’s 27 GICs have cumulatively hired over 40,000 resources and invested over $1B in India.
Director of Public Relations