NASSCOM ties up with Government of Karnataka

7th August 2013 | By Mouseworld Now Correspondent |

NASSCOMNew Delhi, India, August 7, 2013: As part of the 10,000 Start-ups initiative to scale up the startup ecosystem in India, the National Association of Software & Services (NASSCOM) today inaugurated its first Start-up Warehouse in Bangalore’s Diamond District. Som Mittal, President, NASSCOM, KK Natarajan, Chairman, NASSCOM,  Ravi Gururaj, Chairman, Product Council, NASSCOM and I.S.N. Prasad, Principal Secretary to Government, Department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka were present at the event.

Specifications of the Startup Warehouse

 • Total area –10,000 sq. ft. (approx.)

• No. of seats – 70 (approx.)

• Infrastructural specifications – o 100% power backup o Leased internet line o 4+ meeting rooms

While talking about the facility, I.S.N. Prasad, Principal Secretary to Government, Department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka, said, “Karnataka is the country’s leading hub of technology innovation and it is imperative to continue steering its growth and foster entrepreneurial culture in the state by various policy initiatives. This collaboration with NASSCOM to provide world class infrastructure to startups will phenomenally spur the growth of the technology startup companies operating in the region. The facility will foster innoivation under one roof, where start-ups can share knowledge and make the most of a vibrant mini-ecosystem.”

The Startup Warehouse has been introduced to create a micro-ecosystem where early stage startup founders can work together, share their learnings and best practices with each other. NASSCOM has already received about 2000 Expression of Interests for the warehouse as it was part of the 10,000 Start-ups application process. Further, the selection would be finalized by a selection committee comprising of stakeholders from the government as well as the industry.

KK Natarajan , Chairman, NASSCOM, said, “Within the first 150 days of its inception, the 10,000 startup program has received an overwhelming response and achieved numerous milestones in this short journey. The launch of the warehouse facility for startup companies in Karnataka is yet another milestone to create, sustain and boost the entrepreneurship culture within the state. We congratulate Govt of Karnataka for their proactive support to the cause of building a robust startup ecosystem in the state and stimulate the technology innovation rate in Karnataka.

NASSCOM also plans other such facilities across key cities in the country, to provide world class infrastructure to tech startups at a highly affordable cost. The model for a startups warehouse is to identify a central, well connected, plug-and-play working space and offer it to Start-ups for the first 6 months of their operations. The start-up warehouse would also be visited frequently 10,000 Start-ups mentor and investor network who would provide one-on-one mentorship to the Startups based at the warehouse.

NASSCOM announced the initiative in April to incubate, support and help fund 10,000 technology startups in the next 10 years across India. As part of the initiative, NASSCOM is providing early stage support for start-ups by enhancing incubation programs, building a strong mentor community and providing access to investors & increasing risk capital.


© Mouseworld Now News Service

Tags: , , , , ,

Leave your comment

IMPORTANT! To be able to proceed, you need to solve the following simple math

What is 15 + 4 ?
Please leave these two fields as-is:

Mouseworldnow Videos
  • r chandrashekhar president nasscom
  • Anant Maheshwari, President, Microsoft India
  • Suresh_Vaswani-220 by 220

Channel News

  • iValue Appointed Distributor for Arcserve’s Hybrid Cloud Data Protection Solutions more...
  • iValue Registers Impressive growth of 70% in FY2017-18 more...
  • NetRack Showcases iRack Block at DCD Bangalore more...
  • Capillary Technologies to help boost Bata’s Omnichannel CRM strategies in Southeast Asia more...
  • Fox Mobiles Launches new range of Basic Keypad Phones more...
Subscribe via email

Enter your email address:

What does the mouse ask?

Will the spurt in online video advertisement steal the twinkle from the TV ad platform?

View Results

Loading ... Loading ...
Newsletter Registration