Wipro

<img class="gwt-Image" src="/photo/42086934.cms" />BANGALORE: Even as Rishad Premji spearheads Wipro's $100-million corporate venture arm that invests in startups, the central strategy office under him also functions like an in-house venture capitalist that funds ideas from within the company. 
 
The strategy office runs what it calls the H2H3 (Horizon 2, Horizon 3) Investment Program to nurture ideas coming from various business units that have the potential to scale up over a two- or three-year timeframe and generate substantial revenues. 
 
The move is an encouragement for employees who think up such ideas, as also potentially a booster for the company given the need to differentiate itself from rivals. 
 
Recently, the program funded the idea of a commodities trading and risk management (CTRM) platform that has the goal to grow to a $50-million practice in three years. 
 
CTRM is expected to drive growth across the banking and energy and utilities verticals. Bangalore startup Eka Software has a very successful commodities platform. 
 
Other H2H3-funded practices are in the areas of mobility, cloud and analytics. Wipro said it could not comment on the program. The H2H3 program identifies ideas in solution creation, white spaces, product-led services, new lines of business and new geographic penetration. 
 
The program is said to have not only invigorated business unit team leaders to come up with proposals that have the potential to generate a revenue upside, but also compete internally to receive mentoring and funding support. 
 
By the end of 2012 fiscal, 28 ideas were rolled back into the business units out of which 9 ideas generated revenues. A performance-management solution was one of the successful ideas; it used analytics to predict outcomes for data sourced from insurance companies. Sources told TOI the solution brought revenues of $0.75 million in the first year of incubation. By the third year, it recorded $33 million in revenues and was rolled back into the BFSI unit. 
 
Another approved idea was in information lifecycle management initiated by the business application services unit. Though it didn't show revenue opportunity in the first year, it generated over $6 million in revenues in the second year and grew to $35 million and $45 million respectively in the third and fourth years. A smart grid solution, part of the energy and utilities practice, touched over $17 million in revenues in three years. 
 
Some ideas are killed if they don't bring expected revenues within a certain period. Among abandoned ventures have been one solution in airline revenue enhancement and another in logistics optimization 
 
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Wipro Pumps In Funds To Grow In-House Startups

BANGALORE: Google is bringing its hugely successful startup mentorship programme to India, and has already identified over ten startups to be part of it. 
 
Google Launchpad, as it is called, will be a 5-day programme between November 3 and 7 in Bangalore, and will see a number of senior Googlers coming down to mentor the startups in technology, product strategy, user interfaces, user experiences, and marketing. The event will conclude with a demo day where the startups will make a pitch to VCs and investors. 
 
"Launchpad is an exhaustive mentorship programme to help startups build at scale. By next year we want to do this every quarter, and a year from then, we hope to do it every month," said Sunil Rao, country head of the startup programme in Google India. 
 
About 25 startups will be part of it. Among those already selected are CoSight, which helps make sales executives more efficient, iReff Technologies, which allows you to find the best prepaid mobile recharge plan for your needs, and Smart Pocket, which manages all your loyalty cards on the phone. These three are also part of Nasscom's 10,000 Startup programme. Two startups who were winners at the MIT Global Startup Labs demo day are also part of it - AdWyze, which provides interactive direct response solutions, and Wazzat Labs, which delivers efficient image processing, computer vision and graphics solutions on mobile platforms. 
 
Others identified so far are Bluehat Education, an e-learning firm, CashKumar, which allows you to get the best rate on foreign exchange, and RightDoctor, which helps find the right doctor for your ailment, Frilp, which helps find shops and services used and recommended by your friends, colleagues and other like-minded people, and Expin.me, a storybuilder application. 
 
The first edition of Launchpad was launched in Israel a year and half back, and it was so successful that Google has had about 14 of these events there since then, with each batch having 15-20 startups. Launchpad was later taken to Brazil. 
 
For the Bangalore event, there will be about 20 mentors, half of who will be Googlers from California and Israel, including Amit Shevat, Google's startup outreach programme manager. 
 
Rao said startups were being identified based to great extent on the quality of the founding team. "We need people who can really implement the idea. We are also looking for those with a sound business plan and minimum product viability," he said. 
 
Ravi Gururaj, chairman of the Nasscom Product Council, said the Nasscom 10,000 Startups programme was championed by Google India MD Rajan Anandan and the programme had provided a huge booster shot to India's technology entrepreneurial ecosystem. "Google's Launchpad is a similarly innovative compressed bootcamp which will deliver access to world class experts, and knowledge to further help catalyse the Indian startup ecosystem. Launchpad resembles an accelerator on steroids and we would welcome more such programmes," he said.
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Google Brings Its Startup Mentorship Programme - Google Launchpad To India

<img class="gwt-Image" src="/photo/39155573.cms" />BANGALORE: India has become a major ingredient in Apple’s secret sauce, and the scale may surprise many. It is estimated that a third of the $171-billion company’s engineering staff is Indian, and that a large and increasing proportion of its enterprise software, service and support work is done by Indian IT vendors. 
 
Apple filed 1,750 H-1B applications during the 10-year period 2001 to 2010, but the number increased sharply to 2,800 during 2011-13. US-based HfS Research that compiled the data says the majority of the H-1Bs would be Indians, indicating that the iPhone and iPad maker’s dependence on Indian engineers has risen significantly in recent years. 
 
"About one-third of Apple’s engineering headcount consists of Indians who are either on H-1B or on Green Card," said Pareekh Jain, principal analyst at HfS Research. 
 
HfS arrives at that conclusion looking at figures Apple disclosed in 2012, when it said it had 47,000 people working directly for it in the US, of which 7,700 were customer support operators, and 27,350 worked retail in Apple Stores, leaving about 12,000 as engineers, designers, marketers and other white-collar tech product workers. 
 
HfS Research also finds that Apple works with at least five India-based IT vendors — including four large firms and one small firm — and the scope of the work they do has been rising. 
 
<img class="gwt-Image" src="/photo/39155408.cms" /> 
 
"Apple’s outsourcing strategy can be described in three words as ‘outsourcing for growth’. The scope of outsourcing work has been enlarged in the last two or three years. From 2013, Apple has dedicated IT outsourcing vendor managers based out of Bangalore who are acting as the bridge between Apple’s IT managers and India based IT vendors," said Jain. 
 
HfS Research declined to name the IT vendors. TCS, Infosys and Wipro are known to do work for Apple. Apple is seen to be among Infosys’ top 10 clients. Two years ago, Infosys rented a 1.4-lakh sqft office space near its headquarters in Electronics City to house employees who would work exclusively for Apple. The building had a capacity to initially house 1,400 people. 
Apple engages with Indian IT players for application development &amp; maintenance, business intelligence &amp; data-warehousing, data analytics applications, enterprise application integration and ERP implementation. Indian vendors also provide software support for development and maintenance of Apple retail stores, specific work for iTunes, iCloud, internal applications of release management, job search portals, and porting of web applications to iOS mobile. 
 
<img class="gwt-Image" src="/photo/39155407.cms" /> 
 
"The other aspect of Apple’s outsourcing strategy is multi-sourcing, with each IT vendor having some strong focus in areas like channels, CRM, supply chain, marketing and finance, and some overlap," Jain said. 
 
Apple did not respond to a mail TOI sent on Friday seeking confirmation of the data. That was perhaps to be expected from a company regarded as among the most secretive in the world. 
 
In 2006, Apple had leased space in Bangalore to establish a technical support centre with 3,000 people. But within months the company abandoned the plan following an outcry from customers casting doubts on India’s ability to service and support Apple’s high-quality products. But in the following years, Apple was clearly convinced it could not do without India and found other ways to use the country’s talent. 
 
More recently, incremental work coming from Apple has increased substantially as the volumes and complexity of Apple’s supply chain has increased. Apple, whose market valuation is now stands at $585 billion, sold 35.2 million iPhones in the June quarter, a growth of 12.7% compared to the same period last year. Apple said demand from BRIC economies - Brazil, Russia, India and China - spurred iPhone sales. 
 
"Its data warehousing applications have petabytes of data. Its product lines, volumes and need for analytics have increased. Also, Apple has acquired more than 30 firms in the last three years whose systems and applications need migration and integration to Apple’s applications. All this is translating into additional work for IT vendors," Jain said. 
 
What do Indian IT firms do 
 
* Porting of web applications into iOS compatible mobile apps 
 
* Master Data Management for Apple’s supply chain data 
 
* Development and maintenance of Apple’s internal communication product Chatterbox 
 
* Development and maintenance of Apple’s identity management services, Apple online Store, Point Of Sale retail application 
 
* Human Resources Management System, SAP Business Objects and SAP LO (Logistics) 
 
* Apple filed 1,750 H-1B applications during the ten year period 2001 to 2010, but the number increased sharply to 2,800 during 2011-13. 
 
Source: HfS Research 
 
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