I was overwhelmed with the excitement all around at NASSCOM Product Conclave, Bangalore 2014, that was attended by various thought leaders from the entire product industry, including VCs, investors, practicing entrepreneurs along with evolving tech Start –ups community.
3 power packed days @ NPC 2014, offered hot- shot platforms for exchanging informative insights, exploring global & domestic business opportunities, peer to peer learning, business connects, products showcase, networking and lot more. Not just Start-ups, but CXOs, investors and other stakeholders were equally thrilled to see how a single event can offer such an exciting platform to connect with everyone across the ecosystem.
A group of 20 CXOs from established organisations in varied industries including Wipro, Infosys, Tata Communications, Airtel, Jubilant Foods, Walmart, ICICI Bank, MIOT Hospitals etc. speed-dated over 70 start-ups at an interaction held at the NASSCOM Product Conclave, Bangalore.
Every company was given a 10 minute time slot for one-to-one discussion with CXOs. While there was huge interest towards big data and analytics solutions, start-ups in emerging areas around Edu-tech, Ad-Tech, IOT, Security etc. also attracted CXO attention.
Walmart and Jubilant Foodworks were focusing mainly around next-generation e-commerce Start-ups, indicating a shift towards virtual stores as against physical stores as well as new models of engagements with their customers. CXOs from ICICI Bank, Justdial, NH Hospitals etc, showed interest in Start-ups offering Enterprise/ SaaS/ CRM solutions.
During the session, NASSCOM had organized a marketplace connecting buyers and sellers together, with 3-minute reverse pitches by each of the CXOs on the challenges they face in their businesses as well as scope for partnership/ collaboration with innovative start-ups. The session was moderated by Mr. Sanjay Mehta, angel investor in Indian Angel Network (IAN) and a volunteer at NPC.
The success of the session clearly reflects that growth of products and Start-ups community in recent years has signaled a transformation – in India and across the globe. Tech Start-up community – the hotbeds of innovation and mainstream for potential future growth, continuously driving innovation in futuristic technologies, thereby, pushing the ecosystem to identify new models of engagement.