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NetApp Excellerator Startups Awarded Scholarships to the 1Mby1M Virtual Accelerator

Posted on Monday, Oct 29th 2018

The One Million by One Million (1Mby1M) global virtual accelerator is yet another benefit granted to NetApp startups through a partnership between the two companies. For the second time this year, NetApp has awarded six startups one-year scholarships to the 1Mby1M Premium program, offering them the advantages of access to the 1Mby1M online curriculum, weekly online mentoring sessions and an international network of investors, potential customers, channel partners, and more.

The participating startups include:

CloudOptimo – Co-founded by Vaibhav Kamble and Tushar Chakote, CloudOptimo’s platform helps to reduce Total Cost of Ownership (TCO) of a cloud infrastructure up to 80% using Cloud Provider’s excess capacity.

FirstHive – Founded by CEO Aditya Bhamidipaty, FirstHive is a Customer Data Platform that builds Unique Customer Identities by aggregating data from across all sources of customer interactions and customer transactions.

InstaSafe Technologies Pvt Ltd – Co-founded by CEO Sandip Kumar Panda, InstaSafe® Technologies is a leading Cloud-based Security-as-a-Service solution provider delivering comprehensive and uncompromising protection to mobile and remote workers enabling them to safely and securely access enterprise apps, email and web from anywhere on any network.

praktice.ai – Co-founders Srinath Akula and Akhila Srinath at praktice.ai help hospitals drive every patient interaction with medical intelligence. Sarah, their virtual hospital assistant, not only saves cost with intelligent interactions, but helps doctors and other staff to be more productive, while improving patient experience.

Cardiotrack – Co-founded by Ashim Roy and Avin Agarwal, Cardiotrack is a disruptive healthcare diagnostics company that is making heart healthcare more accessible and efficient. This artificial intelligence cardiac care solution addresses key challenges especially in under-served areas where the right, on-time diagnosis can make a life-changing difference.

Zscore Technologies – Co-founded by Rohit Kalro and Deleep Murali, Zscore is a Data Management platform that drives insights through data by combining Machine Learning, Contextual Intelligence and NLP.

As a previous NetApp Excellerator startup co-founder and 1Mby1M Premium member, Adya CEO Deepak Balakrishna says, “Working with Sramana as part of the 1Mby1M program has been invaluable for Adya as a bootstrapped company to better understand how to best position the product while working within constraints. Sramana has a very fresh perspective that supports bootstrapped startups making slow, steady progress without necessitating the need for institutional investments.”

1Mby1M’s Incubator-In-A-Box (IIAB) is used by various partners to extend the scope of their services. Founder Sramana Mitra says:

We consider accelerators around the world our partners, not competitors. 1Mby1M works with accelerators anywhere in the world and helps them gain access to Silicon Valley’s eco-system and methodology. We have a powerful, proven online curriculum that you can readily offer to your constituency to bring structure to your program. We also have regular and systematic mentoring on a weekly basis. In addition, our powerful rolodex is all yours through this partnership.

1Mby1M also offers scale to physical accelerators who often have limited capacity. To develop a community into a thriving entrepreneurial hub, hundreds of entrepreneurs needs to be nurtured. By partnering with 1Mby1M, accelerators can vastly expand their capacity to support  a larger number of entrepreneurs.

1Mby1M also offers reach. If an accelerator is headquartered in one city, and wants to open additional branches in five other locations, it is easy to do so with 1Mby1M because of the virtual structure of the program.

Founded by serial entrepreneur and strategist Sramana Mitra in 2010, the One Million by One Million (1Mby1M) global virtual accelerator, headquartered in Silicon Valley, aims to nurture a million entrepreneurs to reach a million dollars each in annual revenue and beyond, thereby creating a trillion dollars in global GDP and ten million jobs.

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