Mahindra Satyam, an India-based technology company, has set up an employee incubator.
The incubator came after peer Cognizant’s fund to promote employee ideas. Satyam has set aside about R43 crore ($8m) for this programme, where in employees get about a year’s time to get the venture to start contributing to Satyam’s topline. Only ideas, with potential to fetch revenues of $10m to $12m annually will get funding.
The average investment into each idea would be around $2m. Satyam expects to get about three to four good ideas by the end of this year.