Microsoft Accelerator report: Startups catering to banking sector find it easiest to raise funds

The latest Ecosystem Report Enterprise Ready Startups 2016 report released by Microsoft Accelerator reveals a push towards digital transformation amongst enterprises due to increasing adoption of startup technologies. Ravi Narayan (Global Director, Microsoft Accelerator), unveiled the report along with Jayanta Dey (Vice President & CTO Manufacturing and Technology SBU at Wipro), Peter Gartenberg, (General Manager, Enterprise and Partner Group,Microsoft Corporation India), Ben Mathias (Managing Director & India Head at Vertex Ventures) and Vinod Muthukrishnan (CEO, CloudCherry), at Microsoft Accelerator in Bangalore.

 Microsoft Accelerator report: Startups catering to banking sector find it easiest to raise funds

Banking, retail, and healthcare are said to be among the top adopters based on growth potential and willingness to adopt startup solutions. Alongside the report, a periodic table has been released showcasing the top 151 enterprise-ready startups in India and the sectors that have shown tremendous growth.

Some of the key highlights include that 50 percent enterprise-ready startups are in healthcare, retail and banking sectors. Data sciences and security startups find it easiest to find customers. Disruption of technology has helped these businesses to build deep expertise and position them uniquely compared to other companies in multiple sectors and domains.

EdTech is another sector that is booming, owing to lack of consistent education standards across all levels of education. There is a lot of action happening in the healthcare space, but it is limited to preventive healthcare, fitness bands and patient awareness, driven by the rise of digitization in healthcare and patient records, and the proliferation of discovery platforms for doctors and healthcare practitioners, the report adds.

The report also points out that startups catering to Banking sector find it easiest to raise funds. The study was conduced on a pool of over 500 enterprise focused startups that were founded post 2000 and are headquartered in India. Microsoft works with partner accelerators, VCs and ecosystem enablers to support technological innovation, specialist verticals and a mentoring network. You can read the complete report here.

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Updated Date: Nov 14, 2016 18:01:23 IST