Bangalore’s Nanobi Analytics, a startup focusing on developing apps for analytics, won the 2013 Microsoft BizSpark India Startup Challenge.
It marked the end of a month-long competition that saw more than 700 entry submissions . It was held across 10 cities and featured 100 start-ups. IntelloCut, regional winner from Delhi, came in at second place followed by Mumbai’s Trutech Webs. IntelloCut’s software measures, predicts and optimizes material utilization and productivity for sewn products. Trutech has cloud solutions in multiple areas including financial services.
Rajinish Menon, director of independent software vendor (ISV) and cloud strategy at Microsoft India, said, “The fact that the event this year has seen more startups compete, and that the variety and quality of startups has been fantastic, our belief that the startup ecosystem in India is well and thriving is validated. This next generation of entrepreneurs who are creating smart solutions for the changing needs of today only needs recognition and initial support to thrive.”
Mahesh Ramakrishnan, CEO of Nanobi Analytics, said the win would give them access to a mentor network that would help them with their go-to market strategies. “We want to use the prize money to achieve our business goals and go global.”
Source: Times of India