MUMBAI: With a view to encourage startups and emerging companies, Bloomberg Quint has tied up with industry body NASSCOM, T-Hub and the government of Karnataka (GoK) to launch an initiative called ‘ScaleUP’. It will focus on startups in the fields of BFSI, healthcare, consumer retail and education.
As part of a six month schedule, the program will help participant companies showcase and promote their products, skill-up in areas required to scale further and access business opportunities and strategic advice.
Speaking on this, Bloomberg Quint CEO Anil Uniyal said, “We believe lack of ‘scale’ in strategy and execution is one of the biggest reasons young companies struggle in their growth journeys. As a program, ScaleUP has been designed to offer real, meaningful business value to companies. Whether it is highlighting their achievements or creating opportunities for business. And all of this will be spearheaded by an experienced set of partners and guides.”
The program will range from multi-format digital content to on-ground engagement with key players in the ecosystem including potential clients and venture funds. An advisory board will spearhead the vision for the program that shall include content showcases, mentoring sessions, buyer-seller meets, sectoral summits, funding pitches leading up to a grand finale for all participants.
Nasscom Product Council’s serial entrepreneur, investor and vice-chairperson Dr Somdutta Singh joins the board as the chief strategic advisor of BQ ScaleUP. Speaking about the launch, he said, “Business growth is possible only through business connects and cross platform visibility. One should be able to quickly grab a new/existing opportunity and grow their business. This will be possible through Bloomberg Quint ScaleUp. We will help bridge the gap and focus on real and sustainable growth for these emerging companies. Not just promises, our goal is to deliver.”
ScaleUP will be promoted and distributed for mass consumption on the Bloomberg Quint network spanning its own digital platform its network of content partners and top social platforms. The content created shall include elements such as videos, live streaming shows, articles and infographics apart from on-ground interactions.
GoK minister of IT, BT & Tourism Priyank Kharge commented, “Business connect isn’t just an art, it’s hard work. Every contact you build makes it easier for you to compete and scale. Karnataka’s start-ups’ association with Bloomberg Quint will be an enabler to this need. Our prime focus from the government is to collaborate with platforms that will enable every dream become a goal and action is taken towards its achievement.”
T-Hub COO Srinivas Kollipara added, “Ideas are easy, implementation is hard, and scale is even harder. Business connects are critical, and can be the difference between success and failure, but they're hard to get. An initiative like Bloomberg Quint ScaleUp will deliver these. T-Hub is on a mission to scale start-ups and this initiative aligns with it. We are excited about this collaboration.”
Nasscom President R Chandrasekhar commented, “The start-up ecosystem has witnessed steady growth over the past few years and we have unwavering faith in the young and innovative minds of India that are driving the nation's entrepreneurially rich ecosystem. As a part of our commitment to scaling this further, we believe that our collaboration with Bloomberg Quint to co-create 'ScaleUp' as a platform where start-ups can share knowledge, deepen linkages, sharpen their strategy will empower them to foster innovation and drive growth. Providing promising start-ups forums to improve their products, services, strategies and grow extensively in their domains is vital for their success in the demanding and saturated global arena. We are confident that this platform will provide start-ups which are participating, an experience that will truly help transform them.”
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