Eight startups graduate from Cisco LaunchPad

Eight startups graduate from Cisco LaunchPad

 Emphasising that digital transactions will be future, and digital disruption is the No 1 consideration for businesses,  Amit Phadnis, president, Engineering and India Site Leader at Cisco said, “The digital economy is redefining the business landscape across the globe. About 80% increase in digital business revenues are expected by 2020.”

Pointing out the huge market opportunity for startups, at the graduation of Cisco LaunchPad’s first cohort of eight startups here on Wednesday, he said, of more than 200 applications that were shortlisted, Cisco LaunchPad chose eight — AlgoEngines, VuNet, Teslon, Torchfi, Navstik Labs, HaltDos, Astrome and IQLECT.

These startups worked on real-world customer problems as well as building creative solutions to requirements identified by Cisco’s internal IT organisation. Launched in June last year, in a four-month programme, these startups made use of Cisco’s advanced technologies, labs and equity-free grant.

“In the first cohort, we also received applications from the US and Europe, but we considered applications only from India, and in the second batch, we will evaluate onboarding overseas startups,” he said.

The eight startups also received Go-To-Market (GTM) guidance from both Cisco’s India and Asia Pacific & Japan sales teams, with the intent to expand access to Africa and the Middle East regions in the future.

Close to $2 million of Cisco equipment was made available to startups to test and validate their products. Phadnis said the second cohort will begin in April 2017, and that there would be a phenomenal alumni base in another 18 months.

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