Facebook announces its partnership with NASSCOM’s 10,000 start-ups initiative. This initiative by the country’s premier IT body is an attempt to scale up start-up ecosystem in India by 10x. Under this partnership, Facebook and NASSCOM will be launching a new program for developers and students called ‘Leaders Building for the Next Billion’. The program will help developers and students who are building large-scale innovative apps and mobile websites for new-to-internet users by providing them with technical and financial support and resources.
Through an application process, 10 developers who have demonstrated a commitment to build for new-to-internet populations will be accepted to a six-month program. As part of this program: They will be provided with technical, marketing, and financial support, and leadership skills, to build their applications and businesses; They will also be connected to industry leaders (CEOs, thought leaders, VCs, ecosystem evangelists, social change leaders, etc.), funders and the media to bring public attention to their commitment, solutions and impact such that they inspire many other developers to build innovative solutions for new-to-internet users; Facebook will fund the creation of this track at NASSCOM 10,000 Start Ups and welcomes partnerships with other technology leaders to strengthen and expand the program. The participants will also qualify for $80,000 worth of support through FBStart program and additional ad credits to build their business.
As a part of the program, students (4 students per college across 10-15 colleges) will be selected through an application process, to build mobile applications relevant to the next billion and lead engagement with engineers, designers, and other students on campus interested in applying their talent to build mobile applications that are relevant to the next billion people coming online.