Tech Mahindra to partner 30 startups every year
Information technology major Tech Mahindra plans to partner with 20 to 30
The startups would mostly be operating in the domains of communication technology, networking, and virtual reality.
Under a programme by the name TechM Next, the company will handpick potential startups from Silicon Valley in US, India, UK as well as Israel to implement disruptive technologies in existing business fields.
The Mahindra group's IT division has already collaborated with 30 startups and plans to further expand it from the ongoing year and will also invest in numerous of them.
"The world is about being relevant to the market, and disruptive solutions in the way to remain relevant," says Jagdish Mitra, chief marketing officer, Tech Mahindra.
"Our customers are big companies who are constantly getting disrupted. So, we help them by bringing them solutions that they are able to leverage and compete in the marketplace and business,'' adds Mitra.
Tech Mahindra identifies 300-400 startups from across the globe and then narrows its focus on 20 to 30 startups post a stringent filtration process.
''The solutions made in collaboration with the startups are typically implemented in sectors like financial services, manufacturing, and healthcare. We don't work with startups which are in the incubation level, rather focus on startups who have few clients and achieved a bit of a scale and we take them to our plethora of customers," said Mitra.