Silicon Valley investor India Gold Rush: Next Microsoft or born here

December 26, the next Microsoft, computer software company Adobe BAE or traffic application manufacturer Waze will be born in India? Many Silicon Valley investors think so.

This week, Indus Entrepreneurs's Silicon Valley branch of the venture-trade agency unveiled a plan to look for Indian companies that can provide technology products to users around the world or can develop into $ billions of worth. Raju Reddy, a member of Hitachi Consulting, a global business and IT consultancy, said the plan's ultimate goal is to build India into an important gathering place for next-generation product companies.

Many industry experts see this as the beginning of a new phase in India's technology industry. Since the 1990s, India's technology industry has begun to receive global attention due to the emergence of outsourcing companies such as Infosys, Wipro and Tata Consultancy services. These companies have grown at an extremely rapid pace over the past 20 years, but they mainly provide programs and other technology-related information services to large companies in the US and Europe.

India has yet to be a big technology company like software maker Microsoft, Israel's Waze, a traffic-navigation application maker, which has been bought by Google (Weibo) at 1 billion dollars. Waze uses GPS positioning information to draw road traffic maps to provide better routes for drivers.

Now, Indus entrepreneurs is planning to look for Indian elements in the US's big technology companies, helping to train Indian product technology start-ups into a billions of dollar "Unicorn Club" (Unicorn Club, or 1 billion dollar start-up). Indus Entrepreneurs is a non-profit organization composed mainly of technology entrepreneurs and professionals.

Initially, Indus entrepreneurs selected 3 potential candidates for global tech companies. The 3 Indian companies will be provided with office space and other support to establish business in the United States. One of the founders of the company was asked to go to Silicon Valley for a few months, where they would be instructed by Indian executives from big technology companies such as Microsoft, SAP SE and Salesforce.

The first companies included in the program include Sokrati Technologies PVT, headquartered in India Poona (Pune), which helps companies optimize spending on digital marketing, and security software developers based in Bombay Seclore Pvt and Noida (NOIDA) Vinculum FX PVT (whose software can help business companies complete sales requirements).

These companies already have many customers in India and have been selling software to overseas companies in recent years. In Sokrati, for example, the company currently operates 1/3 of its business outside India, compared with 1.5 per 10%. Sokrati claims that 9 governments have used their products to protect state secrets, and that the Indus entrepreneurs plan is expected to help them tap more countries. Absigit Tanou Abhijit Tannu, co-founder of the company, said: "The Indian technical community in the United States is very strong and very interconnected." ”

Thanu also contrasts Indian immigration with Israel, where Israeli settlers have a strong influence in the United States to help Israel's software makers get a foothold in the US. VC company Kaaj Ventures Management partner Jagdish (B.V. Jagadeesh said: "If only 8 million of the population of Israel can do it, why can't we?" I believe that this is a matter of dignity. A small country like Israel can build a global company like Waze, and Indians can. ”

Jagdish also said that half of the companies that created or invested in Silicon Valley were Indian-born entrepreneurs, proving that Indians had enough knowledge and skills. Indus Entrepreneurs's plan comes at a time when Indian entrepreneurs are eager to xiongtu, and they are not satisfied with just creating outsourcing companies. Jagdish said: "The key to creating a company now is product-centric, which is good news." "Five or six years ago, Indian start-ups were eager to be the next Infosys or Wipro, and that was the real change."

(Responsible editor: Mengyishan)