NASSCOM Current Affairs

Amazon launches global startup program ‘Launchpad’ in India

E-commerce giant Amazon has launched its global startup program ‘Launchpad’ in India. The program will enable Indian startups to sell their products overseas.

In this regard, Amazon India has tied up with Department of Industrial Policy and Promotion (DIPP)’s Start Up India and NASSCOM.

Amazon also has partnered with NASSCOM’s 10,000 Startups and Indian Angel Network (IAN) along with NITI Aayog, Governments of Maharashtra, Telangana and TiE to help roll in startups.

Key Facts
  • The Amazon Launchpad was started in 2015. It aims to help startups to sell, market, and deliver their products to gain more visibility.
  • Through this programme Amazon partners with startups and sells their products on its e-commerce platform.
  • Now it is available in seven regions and features over 400 products from different startups including 25 Indian startups.

Amazon Launchpad will provide an exceptional opportunity for Indian Startups to get access to big consumer markets nationally and internationally. Through this program small entrepreneurs and innovators can leverage Amazon’s online platform to increase scale of their businesses and get easy access to global markets.


NASSCOM, Facebook ink MoU to engage with India’s entrepreneurs

The trade body of Indian IT firms NASSCOM (National Association of Software and Services Companies) has signed a MoU with Social network giant Facebook to build a product design initiative for Indian entrepreneurs.

The NASSCOM-Facebook initiative seeks to catalyse the innovation ecosystem and to help design thinking in India.

Key facts

  • The initiative will engage the country’s young entrepreneurs into becoming problem solvers and solution builders.
  • It will be country-wide initiative and shall offer focused programmes to build awareness in product design and mentorship.
  • Under it, Nasscom Product Council through its flagship programme will support over 500 product start-ups on product design.

This is for the second time that NASSCOM and Facebook have partnered to promote entrepreneurship and startup initiatives in India. Earlier in 2015, they have partnered for its initiative called Leaders Building for the Next Billion.