Wipro makes entrepreneur push

Bangalore-based information technology services major Wipro is looking to promote entrepreneurship within the organisation through a programme called Horizon Investment Programme. Under this, the central strategic office of Wipro, headed by the chief strategy officer Rishad Premji, invests in ideas that are mooted by business units or verticals in a venture capital (VC)-like fashion.

According to sources, Wipro has so far invested around $1- 2 million each in 50 ideas, mainly in areas the company believes would be future growth drivers. These ideas may not be revenues-accretive right now, but have the potential to do so in a four to six quarters time frame.

Wipro Technologies (Wipro Ltd)