Partnership to immensely benefit hundreds of SMEs and start-ups at the event
Mumbai, April 11, 2018: NASSCOM CoE – IoT, today announced that it has partnered to co-organize “The Aeonian 2018”, India’s premier start-up expo and conference which will be held at the World Trade Center, Mumbai between 15-17th May 2018. NASSCOM Center of Excellence – IoT is the largest platform of its kind that focuses on innovation inemerging technologies like IoT, Analytics, AI/ML, AR/VR and Robotics for Digital Transformation. The platform focuses on connecting with various startups, exploring possibilities, providing tools and technology solutions for building a more collaborative innovation ecosystem in India. Deloitte India is the knowledge partner for the event validating the summit.
Commenting on the partnership, Sanjeev Malhotra, CEO, NASSCOM Center of Excellence – IoT, said, “IoT (Intelligence of Things) is set to transform and redefine the future of Automotive, Agriculture, Healthcare & Manufacturing among other industries. “The Aeonian 2018” as a platform allows us access to hundreds of SMEs and start-ups across industries which is in alignment with our objective of building a collaborative innovation eco-system in India around IoT. Hence we decided to partner. We are pleased to be co-organizing and look forward to a fruitful association.”
In his comments, Dojo Jose, CEO, Aspire Media Pvt. Ltd., the organizers of the event, said,” NASSCOM CoE (IoT) coming onboard as a co-organizer is a huge value boost for both the event and the SMEs/Start-ups at the event. We thank the team at NASSCOM CoE (IoT) for making this happen.”
As per recent publicly available information, 2017 saw a record $13.7 billion investments in Indian start-ups, spread over 820 deals. This is higher compared to 2016 and 2015, when funding was at $4.06 billion and $8.4 billion respectively. However, 2016 and 2015 saw a larger number of deals, at 1,034 and 913 respectively. Also, $9.5 billion of this is accounted for by 10 companies with the rest securing the balance $4.22 billion.