Sanchar Bhawan, New Delhi, February 9th, 2016: I-MADE program, an initiative by EVC & TCOE (Telecom Centers of Excellence) was inaugurated today by Mr. J. S. Deepak, Secretary, DoT, Government of India and Mr. N Sivasailam, Additional Secretary, Telecom, DoT, Government of India.
Innovation in Mobile App Development Ecosystem (I-MADE) framework is a 5-year program, under which 11 institutions were selected to be part of Phase I. One hundred (100) institutes will be selected to be a part in Phase II of the program and Phase III will include up to 35,000 institutions. The goal of the program is to help Indian entrepreneurs build 1 million mobile app start-ups which can eventually become Indian unicorns.
Phase 1 institutions include
The program includes following major components:
Start-up Hubs: Setting up of start-up hubs in major cities across the country
Entrepreneurship Development: Mentoring entrepreneurs in areas including writing an app, making business presentations to investors and developing viable business models.
Appathons: Appathons to be organized across country leading to mega AppFest annually and opportunity to visit Google & Microsoft HQs.
Industry Connect: Interaction of entrepreneurs with industry professionals to enable real time industry exposure and better problem solving capabilities.
Investor Connect: Opportunity for entrepreneurs to interact with investors to accelerate development of Indian start-up ecosystem through direct mentorship and raising of capital.
Kryptos Mobile, a Bangalore-based company has been selected as the official mobile app platform for the I-MADE program. Kryptos Mobile will provide its cross-platform mobile application development platform to more than 35,000 Indian institutions and over 20 million college students.
The launch also saw participation from dignitaries from DoT, DeitY, Vodafone, SAP, venture capitalists and academia.
Two (2) case studies by student entrepreneurs from Delhi Technological University & Amity University were presented at the event showcasing the difficulties student community faces to build their startups and how I-MADE facilitated the process.
"TCOE India strongly supports creation and nurturing of ecosystem for cutting edge & world class Apps development out of India." said Mr R K Pathak, Director-TCOE India.
"We are honoured to have the opportunity to fund the I-MADE initiative" said Mrs. Anjli Jain, Managing Partner -EVC. "India has 315 million students - the largest in the world. The goal of I-MADE is to give students in India the tools, training and mentorship to launch 1 million apps and as many start-ups. With our support and the vision and leadership of the Department of Telecommunications, this project has the potential to drive unprecedented and transformative economic change within India and position India as THE global leader in technological innovation and entrepreneurship".
Entrepreneurship & Venture Capital (EVC) helps entrepreneurs turn ideas into unicorns. EVC is a $50 million fund focused exclusively on early stage enterprise software, Internet and mobile companies that target the education market or companies created from intellectual property technology transfer from colleges and universities. For select start-ups in EVC’s portfolio, EVC also operates EVC Accelerators in the United States and India.
EVC provides the following resources to enable its portfolio companies to achieve their goals:
For more information, please visit: EVC
Telecom Centres of Excellence, set up by the Department of Telecommunications (DoT), Government of India in a Public-Private Partnership (PPP) mode, are created for promoting development of new technologies, to generate IPRs, incubate innovations and promote entrepreneurship to position India as a global leader in telecom innovation and making India a hub of telecom equipment manufacturing.
For more information, please visit: TCOE INDIA