Bangalore: Following some serious criticisms that The National Association of Software and Services Companies (NASSCOM) pays less attention to fresh and young companies in its sector, it has now taken that extra initiative to channelize money and mentor startups by giving the opportunity to 15 of them to attend a road show in Silicon Valley, reports ET.

Earlier this month NASSCOM had conducted a ‘first of its kind’ event where angel investors wrote cheques to four best product firms on the spot. This was a unique initiative to promote and fund quality startups in the country that are worth being in the international market.

"There are newer segments being created to tap the massive potential of Indian product companies," said Krishnakumar Natarajan, Chairman of NASSCOM. This sudden heightened activity comes immediately after Narayan Murthy made some serious recommendations to recast the IT body that was founded in 1988.

"There has been a disconnect in the past which is why the Murthy Committee was set up. This is an opportunity for Nasscom to restructure itself," said Sharad Sharma, a former chairman of NASSCOM.

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