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35 years old Nasscom is a not-for-profit industry association for the $227-billion IT business process management industry in India
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With more than 3000 members constituting 90 per cent of the industry’s revenue, Nasscom focuses on creating favourable business environments, boosting intellectual capital, and strengthening its talent pool
Invest Alberta and the India-based National Association of Software and Service Companies (Nasscom) have signed a memorandum of understanding to promote innovation, investment, and technological exchange between Alberta and India.
Operating for nearly 35 years, Nasscom is a not-for-profit industry association for the $227-billion IT business process management industry in India. With more than 3000 members constituting 90 per cent of the industry’s revenue, nasscom focuses on creating favourable business environments, boosting intellectual capital, and strengthening its talent pool.
The MOU will enhance each parties’ global competitiveness through collaborative, mutually beneficial research and development.
Invest Alberta worked with MacEwan University to facilitate 180 days of complementary office space for nasscom members looking to permanently establish themselves in the province. This benefit will help member companies decrease start-up costs and boost their profile. Invest Alberta will also assist with site selection, matching opportunities, introductions, and help with navigating government programs.
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“We are thrilled to expand our Launchpad program in Canada. I am confident that this will provide greater momentum for the Indo-Canadian trade and will boost opportunities available for Indian companies.”
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The program will help lower initial costs and enhance credibility, thereby boosting opportunities for a faster go-to market for companies. This is a win-win partnership for all stakeholders as companies get a soft landing while creating high-value local jobs.” — Shivendra Singh, Vice President, Nasscom
Nasscom will promote Alberta as a strong tech hub with skilled talent by facilitating webinars, discussions, and conversations between Alberta and its 3000 members. The MOU aligns with Nasscom’s ongoing collaboration with the Government of Canada to further cross-national relationships and promote technology-based investment between the two countries.
“We are thrilled to expand our Launchpad program in Canada. I am confident that this will provide greater momentum for the Indo-Canadian trade and will boost opportunities available for Indian companies. The program will help lower initial costs and enhance credibility, thereby boosting opportunities for a faster go-to market for companies. This is a win-win partnership for all stakeholders as companies get a soft landing while creating high-value local jobs,” said Shivendra Singh, Vice President, Nasscom.
“Alberta’s technology sector is booming, and I am pleased to see that nasscom wants to be a part of the Alberta Advantage. I look forward to seeing what exciting new projects this new MOU can bring. Congratulations to nasscom and their team. Welcome to Alberta!” said Minister Rajan Sawhney, Trade, Immigration and Multiculturalism.
Rick Christiaanse, Invest Alberta CEO pointed out: “As leading global tech authorities, nasscom’s partnership with Invest Alberta has the potential to bring new investment opportunities and skills to Alberta. This builds on our strong track record of fruitful partnerships with Indian companies including Mphasis, Infosys, and ICICI Bank Canada. By working together, we will leverage our strengths to drive new investment in Alberta, create well-paying jobs, and bring innovative ideas to life that will grow our global tech community.”
Dr. Annette Trimbee, President and Vice-Chancellor, MacEwan University mentioned that MacEwan was very pleased to be working with Invest Alberta and Nasscom to provide space for visiting technology entrepreneurs.
“Having a secure home base and access to technology from our campus located in Edmonton’s downtown core will be invaluable to them as they explore opportunities for innovation and the exchange of ideas with Alberta businesses. MacEwan is committed to contributing to the growth of Edmonton’s and Alberta’s economy, and this is one of the many partnerships we have in place that support that vision,” she said.
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