The US-headquartered data storage and management company NetApp has announced the graduation of the first cohort of six startups during the NetApp Excellerator Demo Day on December 12, 2017. The six startups that graduated are LightMetrics, ADYA, Vaultedge, Vitacloud, EnCloudEn and Scalend.
Located in Bengaluru, NetApp Excellerator programme is NetApp’s first-ever startup accelerator to help enterprise startups achieve their full potential through mentorship with one of NetApp’s R&D teams. The accelerator programme provides business and technology mentorship, customer access, access to tools, investors, coworking space and funding grants of $15K. In September, out of 250 applicants, six startups were shortlisted for the four-month-long graduation programme.
Deepak Visweswaraiah, SVP & MD, NetApp India stated, “Mentoring the startups in our very first cohort was a valuable learning experience for us. It allowed us to reconnect with the startup that we remain at heart. We will continue to support the startups through the NetApp Excellerator program and provide them with the best ecosystem to achieve success.”
As the cohort’s alumni, the startups will have continued access to mentorship and go-to-market opportunities with NetApp, as well as ecosystem connects. They will also share their experiences with startups in the future cohorts.
Commenting on the NetApp Excellerator programme, Ajeya Motaganahalli, Director of NetApp Excellerator program said, “With our rich history of innovation and expertise in data management, we have been able to provide the right mentorship, both technical and sales related, to the startups in our first cohort. We leveraged expertise from across NetApp to help the six best startups selected from the 250 applications received. In addition, we got them the best-in-class global industry experts to help them qualify the target markets better and supplement their technical capabilities.”
During the course of the programme, one of the participants Adya raised an angel round of funding to the tune of $250K