70% of Indian Startups Use Advanced Technologies to solve key challenges

CIOTechOutlook Team | Wednesday, 11 September 2024, 09:39 IST

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India’s tech-startup industry is quickly growing, with more than 70% of startups using advanced technologies like AI, blockchain, IoT, and robotics to tackle important industrial and societal issues.

Yotta Data Services, a top provider of digital transformation, has collaborated with Nasscom AI and Telangana AI Mission to introduce the Shambho Accelerator Programme, with a focus on boosting growth in cloud and artificial intelligence (AI) startups. The program was revealed and vows to offer startups advanced AI and cloud infrastructure, as well as guidance and technical assistance.

The Shambho Accelerator Programme aims to promote innovation in the Indian startup community by fostering the creation of advanced solutions in cloud computing, AI technology, data science, and high-performance computing (HPC). Startups discovered via Nasscom's GenAI Foundry will have the opportunity to use Shakti Cloud, India's quickest AI-HPC supercomputer, with credits worth up to $200,000.

Sunil Gupta, Co-Founder and CEO of Yotta Data Services, emphasized the pivotal role of the tech-startup ecosystem in India’s growth. “Our objective is to democratise supercomputing and hyperscale cloud access for Indian enterprises and startups, filling the gap with our cloud platforms. This collaboration with Nasscom reaffirms our commitment to catalysing India's AI journey towards self-reliance in innovation”, said Gupta.

Apart from providing access to infrastructure, the accelerator program will also provide startups with regular, personalized mentorship sessions and training to assist them in navigating their growth phases. Attendees will also gain advantages from networking events focused on increasing their market presence and exploring business prospects.

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