TechCrunch Bangalore aims to propel Indian Tech Start-ups growth
The first half of 2013 saw over $400 million invested across 141 deals with the single largest deal closure for RedBus worth $ 150 million. Included in these deals were over 300 start-ups which only goes on to show that venture capital funds are open to and are still investing in new technology companies.
With a view to propel Indian start-ups and help them grow & innovate in the current economic climate so that they can emerge as exciting global companies in the long-run, a two day event, TechCrunch Bangalore has been organized on November 14 and 15, 2013. This celebration of technological innovation promises to bring some of the most successful entrepreneurs from India and abroad. They will share their unique insights into the big changes and trends happening in the world right now.
Speaking about TechCrunch to Adgully, Alok Kejriwal, CEO and Co-Founder Games2Win said, “India has predominantly been the global leader in the IT services space over the last 2 decades. Tech start-ups today represent a huge opportunity for India to be recognised as the powerhouse of innovation and retain its competitive advantage. An initiative like TechCrunch will undoubtedly propel Indian start-ups in the centre stage for innovative technology”
Corroborating Alok Mittal, Managing Director, Canaan India said, “Smaller Indian companies are bringing in smarter niche solutions to the table for solving local problems. It is imperative to continue steering the growth of this community. These companies could represent the new frontiers of India's software and digital industry. TechCrunch India is a key initiative that will recognize and celebrate Indian entrepreneurial talent”
One of the key highlights of the event is the TechCrunch Hackathon on Day 1 where over 500 hackers from across the country will get a chance to create unique products in 24 hours. It could be anything-from useful-to-hilarious products, there is no bar. Next these creative teams get a chance to make 60 second presentations before a panel of expert judges and audience on Day 2. The top three teams will thereafter get an opportunity to present their product on the stage in front of the main conference audience. The winner team will get tickets to the TechCrunch Mega Event in Delhi planned for August 2014, and a chance to be at TechCrunch Disrupt San Francisco 2014.
The other key event of TechCrunch is the Pitch Presentations whereby about 30 companies, chosen from hundreds of applicants will show their products on the stage before a live and online audience, including a panel of 50 VCs and expert judges. After a round of questioning by the experts, the final companies will be shortlisted, who obviously will get the highest visibility that any start-up can expect.
Says Rammohan Sundaram, Chairman & MD, PlatformPlay Media Ventures, “We strongly believe in India’s potential to produce global technology companies. With a focus on supporting the vibrant tech start-up ecosystem in India, the TechCrunch platform, is aimed at helping steer its growth to the next level. We are very excited about the possibilities a global platform like TechCrunch opens up for our entrepreneurs”
TechCrunch hopes to be a platform for tech start-ups and entrepreneurs to engage with the experts and the VCs. They will get opportunity to hear some of the immensely successful entrepreneurs from the valley.