One of the major areas where many companies focus in today’s changing times is keeping the employees updated about the latest trends. The best way to do the same is via trainings. As every business has a unique set of challenges, generic trainings, especially in areas of sales & marketing might not be very helpful for the business.

As this was not a one off problem, Arun Subramanian and his other team members decided to solve this problem for different industries by providing tailor-made training solutions. This is how he & his co-founders came up with the idea of Enparadigm, a tech-driven learning solutions company transforming performance.

The solutions help people get better at the hidden details of their jobs, the nuances that usually take years to learn by taking a holistic, sustained-learning approach and driving change in both business and behavioural competencies. Enparadigm develops proprietary algorithms and leverage AI to build advanced digital simulations, SMART micro-learning platforms, and sales enablement apps.

Today, we have a chat with Arun Subramanian, Co-founder & Chief Of Strategic Initiatives at Enparadigm regarding the offerings, challenges faced by L&D teams in organizations, and much more. Let’s get started with the Q&A….

Can you give a brief introduction about the company and the core team behind Enparadigm?

At Enparadigm, everything we do is geared towards building employee capability to drive business outcomes. We are a technology-driven learning solutions company.

We help organizations grow by enabling their front-line workforce to become sales ready, and delivering high-quality learning experiences that have zero-degree separation from the performance context. We achieve this through proprietary, award-winning learning tech, industry expertise, and connecting learning to performance context in the role. We have helped 500+ clients from across sectors drive growth and leadership.

We are a fast-growing company led by a group of IIM A alumni founders: Hanuman Kamma – Co-founder & CEO, John Cherian – Co-founder & Executive Director, Kumar Veetrag – Co-founder & CTO, Arun Subramanian – Co-founder & Chief of Strategic Initiatives. Today, we are a team of 80+ people delivering end-to-end learning solutions company from product development, content, design, and facilitation, to reporting.

How did you come up with the idea of Enparadigm?

Enparadigm was born out of an annual campus festival at IIM Ahmedabad. We created a virtual platform from the ground up to conduct a game for the annual festival. It was, to us, an interesting idea. A way to do something different and exciting. Not only was the event a grand success, everyone appreciated our virtual platform that created a competitive marketplace.

Our professors told us that what we had built was a simulation and that it held great potential in the helping professionals learn. We knew then that along with the human touch, we wanted to explore the power of technology in learning.

What are some of the business verticals that Enparadigm caters to?

Over the years we have developed a keen focus on enabling sales readiness of the front-line workforce in sectors like BFSI, FMCG, and retail. In addition to this, we have developed 25+ unique simulation platforms that are fine-tuned to address different roles in various sectors.

We have worked with 20+ sectors including IT/ITES, BFSI, Retail, FMCG, Pharmaceuticals, Apparels and Textiles, Automotive, etc.

Coming up with the core learning for any type of business requires deep understanding about the intricacies of business. At what stage can Enparadigm pitch in to come up with customized training modules?

As mentioned, we have a wide variety of platforms and they are specialized for various roles. This spans the entire organization structure, right from the leadership to the front-line workforce.

Enparadigm started as a leadership training and development company in the early days, when we were operating out of the IIM-A incubation center. We were mainly addressing the C-suite and upper-middle management. We had built a very good reputation and during this ‘take-off phase’ of our Company, organizations started to approach us for solutions for their middle managers and front-line workforce.

While we did not have a solution ready at that point we realized two things. One, there were tremendous business challenges to be solved in enabling the bottom third of the pyramid in any organization. Achieving this was crucial to the growth plans of the organization. Two, reputed organizations we had worked with trusted us to help them develop their employees into high performers and future leaders.

Today, one of our key focus areas is to enable organizations to expand by enabling their front-line workforce to become performance ready quickly. We have a rich library of content; and we work with organizations to understand specific business needs to deliver immersive learning experiences for large cohorts or for smaller groups, in one go. We continue to deliver leadership programs for the c-suite and mid-level managers as well but, we have grown to address the entire spectrum of the organization.

What are some of the popular business areas [e.g. sales, marketing, etc.], where businesses require Enparadigm’s domain expertise for L&D of their resources?

  • Management – from entry level to senior leadership,
  • Sales – Direct and Distribution sales structures across the hierarchy
  • Building sales readiness of the front-line workforce,
  • Project Management & Delivery
  • Operations
  • Human Resources
  • Customer Experience

We address all these areas. We also cover sector specific functions like retail analytics and store management in retail to name a couple.

What is sales readiness and how does Enparadigm help front-line sales?

Sales function is definitely a key area where businesses require our solutions as they look to expand beyond urban areas to grow. The front-line workforce sees a high rate of infant attrition – people leaving in the first 6 months of employment. There are some significant cost elements associated with this problem.

One, low sales productivity – Going  by the reports one reads, a number of sales people take at least 6 months before getting sales ready. Most of them quit within that  time, leading to low sales productivity at an organizational level. Two, opportunity Loss related to stalled market expansion which is a few multiples of lost sales productivity.

The other challenge from an employee standpoint; to give you an example from BFSI, is that many front-line sales people join with the expectation that that they can make significant money in a short span of time. For example, in insurance and financial service sectors, the ability to constantly build relationships with new prospects and strengthen the connect with existing customers is important.

Apart from the organization’s efforts, it requires a lot of rigour from the employee. In our experience, this is something a lot of new recruits overlook when they join a company. This segment requires a lot of timely input and training to handle the high pressure and expectations of the business.

Training has to be relevant, timely, and scalable; and help them learn in the flow of work. More importantly, training has to help people who are working remotely, overcome the free agent mindset and perform in a systematic manner. Since sales as a function is high on human quotient training also needs to reflect that. This is where we come in.

We think that there is an impactful solution in approaching it as a bundle

  • Building ‘readiness’ to perform during the infant attrition phase
  • Enabling the sales force with the right set of tools that will significantly enhance on ground performance and customer engagement thereafter

Every business and each stage in business has its own unique set of challenges. How does the team at Enparadigm identify the gaps and come up with unique training models for every stage of business?

We follow a rigorous approach before implementation of any program. Some of our solutions are plug and play and organizations can go live with them in just a few days.

However, we always work with stakeholders within the organization to know the specific needs to be addressed. Together we decide on the objectives to be driven and we base our program design on this process. If required, any customization would also be made at this stage.

How does Enparadigm leverage AI, Machine Learning, behavioral science, qualities unique to the learner to enhance the learning experience and contribute to the business growth of your client?

In short, we use AI to personalize the learning path and deliver content at the time of need. Based on the speed on learning, previously covered topics, user behavior, and other data points our platform is capable of delivering topics that employees tackle next. We also employ a whole host of ‘smart triggers’ within the app to boost adoption and regular engagement.

We already see AI playing a huge role in translating content to vernacular languages. Going forward, we only see this increasing ensuring that a salesperson sitting in a rural area will have access to learn just the same as someone who is operating out of a branch in Mumbai, closer to headquarters and resources.

What are some of the inputs that your team would need from the client to come up training courses [e.g. business line-up, skills of employees, competition, stage of the organization i.e. startup, growth, hyper-growth, etc.]?

Over the years, we have worked with most major industry sectors and we have fine-tuned the products and services to cater to various roles in each of those sectors. Our solutions to enable sales readiness are built with deep domain knowledge. They are  designed with on-ground research and inputs from salespersons from different parts of the country. We think that it a robust model with a strong foundation.

Having said that, every company is different and there is always some adapting to be done. We always work closely with organizations to understand some of the granular differences that may exist even between organizations operating in the same industry and adapt accordingly.

There could be instances where competitors from the same business vertical e.g. e-commerce websites take learning services from Enparadigm. How do you ensure that ‘solutions/training modules for common problems’ are still unique for each of them?

While functions or role titles may be the same, no two organizations are alike. Going from our previous point, every organization may have slightly different employee profile, and may want to address a particular set of skills.

Designing and delivering a learning program from end-to-end depends on all these factors. While certain parts of our content library applies to  sales as a practice in general , in cases where we need to address some salient objectives within each organization, we work with stakeholders to design an apt solution.

Arun Subramanian of Enparadigm

The evolution of digital India and wider internet penetration, every aspect of business [sales, marketing, business development, etc.] is changing at a rapid pace. How does Enparadigm work on the micro & macro development of business and their employee’s skills [Can you comment from typical businesses which are planning to leverage Digital technologies for business expansion?]

A Mckinsey study estimates that by 2030, more than 50% of at least 10 of India’s 29 states will be urbanized. So, opportunities in these newly urbanized areas and beyond is going to drive business growth and GDP.

Increasing access to mobile networks and smartphones is helping organizations overcome some of the boundaries of traditional infrastructure and expand into new territories. Not to mention, mobile-based programs are a great fit for the millennial generation that has grown up as digital natives.

However, being available on smartphones is not enough. There is  a need for localization and getting new recruits to relate to the learning process. These aspects remain a challenge for many companies and hence adoption remains low and attrition is high.

At Enparadigm, we  take a multi-pronged approach to capability building and technology is only the starting point.

Can you comment on the funding status of Enparadigm?

The Company is profitable and we have had some angel funding. For now, the financials are healthy and we continue to focus on strengthening that. We may raise series A funding in the future.

Who are the competitors of Enparadigm and what are some of the steps that the company takes to stay ahead of the curve?

The learning space has grown quickly over the last decade. We have always been a forward looking company and Enparadigm has differentiated value proposition since day one. We have a wide array of highly customizable platforms that are fine-tuned to address different sectors and roles in various functions.

These tech-driven, immersive, hands-on learning experiences add a high degree of relevance, and allow for learning by doing. We continue to work on incorporating new-age technology in a manner that enhances the learning experience and impacts business outcomes.

What are some of the steps that Enparadigm takes in skill development of its own employees so that it can be a trendsetter in the learning & development sector?

One of the key characteristics for people joining team Enparadigm is a willingness to learn. We are an agile, end-to-end learning tech company. Every team collaborates closely with every other team to help refine the end product.

This entails that one needs to have a basic understanding of what other teams are doing and how they contribute to the end product. Apart from this agile work environment, as the team has grown, we are offering individual members more formal learning plans as well.

Any closing remarks on starting up, scaling up or fund raising for aspiring entrepreneurs or entrepreneurs looking to raise funds?

One of the key things is to focus on a large enough problem that has an addressable market. It is easy to focus on solving an interesting problem with no market to address and miss the big picture.

Other than that, it is important for entrepreneurs to be able to understand the users of their product or service. Spend time with them and get continuous inputs. Be willing to iterate fast and make the experience better for them.

We thank Arun for his time and sharing insights about Enparadigm and how it’s offerings can be used by businesses to tackle their L&D requirements. If you have any questions for Arun or the Enparadigm team, do leave them in the comments section..

Ratan Tata, Chairman Emeritus of Tata Sons to invest an undisclosed amount in Pune-based electric vehicle start-up Tork Motors, just before the commercial launch of its flagship product T6X. In past, the company has raised funds from Bharat Forge and Bhavish Aggarwal [Founder of Ola Cabs].

Tork Motors, is a maker of indigenously developed electric vehicles. The ‘Made in India’ product is built as a culmination of years of extensive research and development.

Powered by lithium ion batteries, T6X, the electric motorcycle, is engineered to travel at a top speed of 100 kmph, and runs 100 km on a single charge. The battery can be charged up-to 80% in an hour.  Tork Motors continues to further its state-of-the-art electric motorcycle technology with their signature TIROS [Tork Intuitive Response Operating System], the intelligence that will power the T6X.  Apart from analysis and compilation of data for every ride, power management, real time power consumption and range forecasts, TIROS also likes to learn how you ride.

Speaking about the investment, Mr. Ratan Tata, an avid thought leader in the EV space, said

In last few years, there has been a sea of changes in the attitude towards electric vehicles. This industry is changing rapidly and I place good value on the sound logic and the approach that the team at Tork Motors has taken.

Overall, I am very impressed and feel that this is the kind of spirit that should be present in every Indian entrepreneur.

This is a milestone moment in the journey of Tork Motors, as they gear up for the launch of their flagship electric motorcycle in the next few months. Speaking on the investment Kapil Shelke, Founder & CEO of Tork Motors said

Mr Tata is one of the most prominent business leaders in the world. I am glad that his office representative visited the factory, understood the concept, evaluated the product, and had ridden the motorcycle post which Mr. Tata took an informed decision.

An investment by him is an endorsement of the long-held belief by us that the Indian auto sector is going through a phase of huge growth and transformation. We are privileged to have him come on-board as an investor. Now with his support, guidance and mentorship, we are even more confident about carrying out our vision of promoting e-mobility in India.

Our business model is distinctively differentiated with an emphasis on an in-house development in technology and product advancement, with innovation at the core of our offerings. This investment gives us a great opportunity to gain more experience from the master himself. 

About Tork Motors

At Tork Motors consists of a team of problem solvers who are building electric vehicles that provide an elevated experience and raise the bar for the entire automobile industry. They put People, Planet and Purpose before everything else and our products are built to seamlessly drive us towards eliminating any barrier that exists between an individual, organization or region’s intention to adopt sustainable mobility and them actually getting to do it.

To meet the fast-growing need for high quality, healthier food and nutrition items, Wellcurve.in, India’s first integrated platform of leading brands, products and information have unveiled its online showroom, offering nutrition alternatives for a simplified healthier lifestyle.

Wellcurve’s tagline ‘Healthier Lifestyle Simplified‘ encapsulates its two-fold mission. For the consumer, it brings together both relevant insights for your nutritional needs and selected products from a curated set of brands. For the brands, it offers an opportunity to connect with the right audience and reach out to the consumer looking for healthier choices.

Wellcurve.in is the brainchild of Nikhil Mehra, who has had an excellent journey across the Banking and Fashion Retail space, building hugely successful key account relationships.

Speaking about how Wellcurve.in will meet the expectations of the health-conscious, cognizant consumer, Nikhil Mehra, founder and CEO, Wellcurve said

The old adage that health is wealth, is gaining momentum again. All of us want to make healthier lifestyle choices as nothing can be achieved with a body that does not perform to the best of its ability. There is no greater luxury than ‘luxury within’ hence investing in it is the most crucial choice one can make in life. Keeping this philosophy in mind, we started this online platform, which is a curation of the best brands in the nutrition space. A one-stop solution for our clients.

The journey of Wellcurve.in has begun with 17 brands including Mom’s Love, Poshtick, Mojorbar, Yogabar amongst others, and will soon expand to over 60 brands in the next few weeks. Over 250 carefully curated products are spread across some of the popular categories, which include Breakfast, Snacks, and essential Staples.

Moreover, to make it simple and easy for consumers to search for products, Wellcurve products are categorized as per health goals such as Weight Loss, Improve Digestion, Increase Protein Intake, Boost Immunity/Energy and more. Another interesting category classification is as per trends with Vegan, Keto, Organic, and Gluten-free, which makes it very easy for the visitor to search for products as per diet preferences.

The platform has a regularly updated, informative blog that provides useful nutrition-related information. Tips for healthier living are offered under “Did You Know” snippets, interspersing the product showcase that makes it very interesting for the user to browse Wellcurve.

The platform will continue to add to its list of curated offerings. Wellcurve.in has already received keen interest from some High NetWorth [HNI] family offices.

About Wellcurve.in

Wellcurve.in, India’s first integrated platform of leading brands, products, and information. The platform aims at supporting nutrition with information, to tell you things as they are so you can make an informed choice. Wellcurve offers a large range of handpicked, curated products, vetted for their benefits, and shipped to your home. The platform takes pride in being responsible for the highest product quality.

Reinforcing its commitment to foster the Indian startup ecosystem, Microsoft for Startups announced the launch of Highway to a Hundred Unicorns. As part of this initiative, Microsoft will engage with innovators and entrepreneurs through a series of outreach programs across Tier 2 cities. Microsoft will work closely with state governments to strengthen the startup ecosystems in each state. Organized in collaboration with the Industries Commissionerate and iNDEXTb, Government of Gujarat, more than 250 startups attended the first event at Gandhinagar.

The impetus on innovation and entrepreneurship in India is helping startups to stem from not just metropolitan hubs like Delhi, Mumbai or Bangalore, but also other Tier 1 and Tier 2 cities. However, some of the key challenges in scaling their businesses include lack of cutting-edge technology support and dearth of mentorship from ecosystem players. In a bid to address these challenges, Microsoft for Startups has launched Highway to a Hundred Unicorns, a series of events dedicated to enabling startups across Tier 2 cities.

Lathika Pai, Country Head, Microsoft for Startups – MENA and SAARC, said

There is a strong pool of ideas and talent beyond the well-known startup hubs of India. Through Highway to a Hundred Unicorns, we will reach out to startups in Tier 2 cities and support them to achieve scale at their place of origin. Our tech expertise and experience of engaging with some of the most successful Indian startups will help innovators across the breadth of the country become enterprise ready and scale their operations in India and globally.

Startups attending the events will receive guidance and mentorship through technology workshops on subjects like Azure, Machine Learning and Artificial Intelligence. Identified top startups in the Emerge 10-Gujarat will receive Azure credits and select startups will also be invited to pitch for access to the Microsoft ScaleUp program.

The Microsoft ScaleUp program supports Seed or Series A funded B2B and select B2C tech-enabled startups to co-sell with Microsoft sales teams, get access to top tech VCs globally and receive mentorship from the startup ecosystem. Gaining access to large enterprises to co-create solutions or integrate product offerings and designing robust go-to-market strategies for their industry or customer segments are critical in the startup growth journey.

Microsoft for Startups enables startups to reach customers across the globe by leveraging the cloud marketplace, enterprise sales team and partner ecosystem. With its strong focus on Microsoft for Startups, an advanced technology platform, a rapidly growing partner ecosystem, and the venture fund M12, Microsoft is uniquely positioned to help startups embrace the next phase of growth and evolve from being market ready to enterprise ready.

Bengaluru-based IamHere, the AI-based hyperlocal social network wins the prestigious Elevate award for 2019. Elevate is a first-of-its-kind programme for start-ups conducted by the Government of Karnataka and selected start-ups get support from the Govt in the form of grants, mentorship and pilot opportunities for Govt projects.

Talking at the event, Gaurav Gupta, Principal Secretary, Department of IT, BT, S&T, Govt of Karnataka said

Over the last few years, the State of Karnataka has emerged as the Start-up Capital of India. As part of the programme, we not only provide funding support, but also provide mentorship, idea validation, and market access.

IamHere is a hyperlocal social network to discover and connect with hobbyists, professionals, causes and events in your neighborhood. With over 50K users in Bengaluru, the IamHere app has helped people form cricket teams, lounges find guitarists and singers, art lovers connect with artists, small businesses hire sales executives, NGOs get volunteers; people have even formed start-ups through the app.

Talking about the award, Naren Kumar, Co-Founder & CEO of IamHere said

While we are helping nearby hobbyists connect with each other, the real social impact comes when we are able to touch the lives of people at the bottom of the pyramid. In our efforts to build a brokerless, borderless neighborhood marketplace, we have started aggregating farmers, artists and other professionals on to our platform. We are committed to creating social impact through technology and the Elevate award takes us one step closer to realizing this larger dream.

If the IT revolution in the 1990s made India the IT Capital, the Startup revolution in the current decade is certainly putting India on to the global entrepreneurship map. Startups like IamHere are not only innovating for the local market through technology but are also having tangible social impact. It is not a far cry from proclaiming that the next Google or Facebook is going to come out of the Indian startup ecosystem!

9th August marks a special day in the co-working industry worldwide. Christened International Coworking Day it was an occasion to celebrate co-working, collaboration, creativity and community.  On this special occasion,  91springboard celebrated the essence of co-working through a unique campaign titled Happy Birthday Co-working. As a part of the celebrations, people were invited to experience the marvels of a community driven co-working space at 91springboard hubs across Gurgaon.

Anand Vemuri, CEO, 91springboard said

It is certainly exciting to see the growth and evolution of co-working in India. Although International Co-working Day has been celebrated across the world for the last 13 years, the celebrations by 91springboard, Gurugram brought the attention back to the birth of co-working and gave people an understanding of how and why it works. Our ‘Happy Birthday Co-working’ campaign was a creative expression that gave attendees an actual experience of co-working in all its glory.

The campaign began with an interesting event titled “Founders’ Catch Up” where founders & entrepreneurs of startups from across sectors came together for a curated networking session.  With around 30 co-founders attending the event, the focus was on moderated discussions where learnings were shared and attempted to provide effective solutions for common problems. Prominent moderators included Sambhav Mehrotra, Founder of Startup Movers, who solved for compliance issues for startups, Puneet Sharma, Founder of Krenovate Solutions, who focused on digital marketing as an effective tool, and Saumya Sharma, Founder, The Butterfly Effect, who talked about coping with the emotional pressures of being a Founder.

The second day began with yet another innovative event titled, ‘Life’s a pitch’ where 11 startups from various stages and across categories presented their idea in a three minute elevator pitch  to 15 investors. The startups that presented their pitches include Invacia Labs Private Limited – A Fintech blockchain startup, Aker Foods Agrotech Pvt. Ltd – a supply chain startup for hospitality brands, GoAyu – a legal tech brand, Perfume booth – an e-commerce platform for perfumes, Agrotech – a blockchain operator, Revolt – a service provided for EVs [charging, emergency assistance], Refer Hire, a peer to peer social hiring network, Zoo Fresh Food – an e-commerce platform for meats, Womaniya – website dedicated to women and Rhymly – a content and entertainment platform. More than 100 entrepreneurs attended this event

Speaking about the event, Anurag Kapoor, Investor, Greenhouse Ventures  said

Life’s a pitch is a great platform for startups as well as investors.  It reflects upon the fact that investing is not all about deal sourcing but it is also about understanding the technological revolutions happening at the ground level, the evolution of the startup ecosystem, scope of potential collaborations and much more.

Sanchita Bamnote, Investment team, Blume Ventures added

Life’s a pitch was a great event. I was excited to see startups presenting a three minute elevator pitch that was amazingly crunched, concise and to the point. Another thing that I was happy to see was the curation of startups  that ranged from Agritech, EV, future of work and not all of them were at the same stage. It was a great mix of seed, series A & B.

The last day saw the Big Birthday Bash roll out an experiential flea market with a great mix of freelancers, SMEs and Startups coming together to not only celebrate International co-working day but also do some serious networking.

Email is the most commonly used tool for communication and collaboration at work. Consequently, most inboxes are noisy and way too crowded. Almost 50% of the employees surveyed said they spend at least an hour a day checking emails, including 16.2% employees that spend more than 4 hours on their inboxes, according to a new research conducted by Hiver, a SaaS based email collaboration tool that improves visibility and information exchange across organizations using shared inboxes.

This survey exhibits a worrying number of employees exercising emails and how a colossal amount of time is spent by them on checking emails. More than 61% working professionals between the age of 25-32 choose to open their emails every time a new email notification appears, whereas 33% of the employees tend to check their emails every few hours.

Hiver conducted a survey in order to gauge how effectively employees working across different organizations consume emails. Among those surveyed, about 80% are working in startups and 20% are working in corporates. The survey was conducted among 450 respondents in India.

Interestingly, while 60% of the employees surveyed agree with the need to clean their inbox time and again, almost 40% of the employees don’t wish to clean their inboxes at all. Employees choose different techniques and procedures to clear their mailboxes. 32% of employees used email based filters, and about 37% employees wish to move the important events to the calendar. About 35% convert tasks into a to-do list, making it possible for the employees to use their mailbox effectively.

The report also indicates that 76% of respondents say that they read more than 40% of the mails they receive and 55% of the respondents act on every email as soon as it comes in. Given that almost a third [32.4%] of the respondents receive more than 50 emails a day, ample time is spent by them on only checking their emails.

To add to that, half of the respondents say that the maximum number of emails received are from their own organization, either from the members of their own team or others working within the organization. This raises the question –  is internal email communication cluttering up employee inboxes? And how is this affecting employee productivity? This finding is particularly interesting, given that employees can often feel quite productive just by having cleaned out their email inbox, despite perhaps not creating any value for the organisation.

Niraj Ranjan Rout, Founder of Hiver, said

Professionals across organizations rely heavily on email for communication and exchange of information. Our survey highlights how email impacts work-life for many, and while it can be a tremendously useful tool, it can also deter productivity. Our inboxes are packed with valuable information, and in order to organize our work better, we must manage, classify and prioritize emails in an efficient manner. If not, the email overload can tend to become a roadblock in reaching the desired results. It’s about how to work smarter, not just harder.

About Hiver

Hiver is a leading provider of email collaboration solution. Hiver transforms Gmail into a collaboration tool by enabling teams to easily manage shared email accounts, like support@. Co-founded by Niraj Ranjan and Nitesh Nandy, Hiver is based out of Bengaluru and San Jose. Hiver has over 1,400 customers across 30 countries, including Hubspot, Harvard University, Vacasa and Shutterstock.

NetApp, a leader in data management and hybrid cloud, announced the graduation of NetApp Excellerator’s fourth cohort at a demo day event. NetApp Excellerator is the company’s flagship startup accelerator program. As part of the demo day, six technology startups – QuNu Labs,  SecurelyShare, Zappy.AI, Ecolibrium Energy, Eder AI and UniQreate, showcased their business models, market opportunity and projections to an eminent panel comprising of venture capitalists, industry leaders and NetApp top executives.

Innovations ranging from quantum-resistant cryptographic systems, AI-based data extraction solutions, to smart predictive maintenance systems, and RPA [Robotic Process Automation] were presented by these entrepreneurs. This batch comprised early stage as well as mature startups, including an international startup, Zappy.AI, headquartered in the U.K.

So far NetApp Excellerator, a unique corporate accelerator program with a focus on data-driven technologies, has mentored 24 such startups through four cohorts. The NetApp team, as well as external mentors, coach these startups on data-driven technologies, platforms, tools, business acumen, and offers access to customer and investor connects. NetApp also provided an equity-free grant of $15,000 to each of the participating startups.

Ajeya Motaganahalli, Senior Director and Leader of NetApp Excellerator said

Our vision with the NetApp Excellerator program has been to unleash greater possibilities and each edition reflects our commitment to speed up the delivery of advanced technologies. This demo day further validates our program’s strengths and is the start of a deeper engagement for enhanced business alignment in future cohorts. We envision aligning the next cohort with stronger go-to-market opportunities by funding proof-of-concepts.

Marking another milestone for the program, Prakash Baskaran, Founder and CEO of SecurelyShare said

Our flagship product Vault.Direct is now available on NetApp’s reference architecture. This strategic alliance will further improve our product and help us explore new ways to leverage NetApp technology. With this, the NetApp Excellerator has formed eight strategic alliances through its cohorts. These include FirstHive, CardioTrack, BlobCity, SigTuple, Nanobi, Scalend and ZScore from the previous three cohorts.

The NetApp Excellerator Program alumni continue to have access to mentorship and go-to-market opportunities with NetApp. As a success story from the previous cohorts, Adya [an alumnus from the first cohort], recently got acquired by Qualys, a leading provider of cloud-based security and compliance solutions. Additionally, LightMetrics, provider of advanced video telematics [also an alumnus from the first cohort] secured a new series of funding.

About the Startups

  • QuNu Labs – QuNu Labs helps CXOs who need to protect their critical data assets in transit to accelerate their transition to Quantum safe data security solutions by building hardware products that deliver unconditional data security
  • SecurelyShare – SecurelyShare helps Wealth Managers/Bankers improve customer experience with a mobile app that empowers their customers to receive, organize and share personal information with convenience, security and privacy controls
  • Zappy.ai – Zappy is a desktop application that helps operations, accounting and back office employees doing manual business processes automate these processes within a minute without any technical knowledge
  • Ecolibrium Energy – Ecolibrium Energy is an Industrial IoT company that empowers enterprises to improve asset efficiency using predictive analytics
  • Eder AI – Eder AI helps Enterprise tech leaders to collaborate with third party solution providers in leveraging AI on sensitive data, thereby making privacy, AI and policy work together
  • UniQreate – UniQreate helps business users of Data Provider organizations automate high diversity data extraction with intelligent workflow and adaptive learning system

Deepak Visweswaraiah, Senior Vice President and Managing Director, NetApp India commented

We have understood some of the trends that are defining the B2B startup eco-system. Using this understanding, and our 25 years of data legacy, we are able to potentially redefine the direction of our startups. ArchSaber, a graduate from the second cohort is being acquired and this is the second company from our alumni to be acquired. The success of the NetApp Excellerator program lies in our ability towards establishing the business and technology viability of the startups within a strong B2B ecosystem.

NetApp Excellerator has now opened registrations for its fifth cohort. Startups with interests in the areas of hybrid cloud, AI, IOT, data management and adjacent technology domains are invited to apply.

To know more, please visit http://startup.netapp.in/ or look for the tag #NetAppExcellerator on social media.