Dassault Systemes aims to broaden its reach with hardware startups in India
India has an estimated 75,000 startups and a vast majority of these fall under the software category. This means that France headquartered design software technology company Dassault Systemes had to look far and wide to zero in on startups in the hardware category.
Dassault Systemes, a multinational technology company that offers design, simulation, and product lifecycle management software to industries like manufacturing, infrastructure, and the health sciences, believes in early interaction with startups.
The company, which entered India in the late 90s, has provided software support to more than 2,000 hardware companies in the country via its startup engagement programme. Its 3D Experience Lab, which is the R&D setup of the company, has already had five cohorts since its launch in 2018.
“We aim to grow our engagement with the startups in India by over five times,” Suchit Jain, VP - Strategy & Business Development, Dassault Systemes Solidworks told YourStory. Dassault Systemes says it has also created an ecosystem where it engages with influencers, students, medical professionals as well as has partnered with NITI Aayog and Shiv Nadar University to foster entrepreneurship.
It has also built a flexible pricing model for partner startups. In the first year of its engagement, startups can use its software free of charge. In the second year, they get a discount of 75% followed by a 50% discount in the third year. Generally, Dassault Systemes works with startups that are less than five years old and have revenue under a million dollars.
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