It will also have the country's first Hackcelerator, a combination of a Hackthon and an Accelerator.

"The Hackcelerator will function as a mind lab for about 500 whizkids to churn out ideas and incubate start-ups, with Nasscom and global and Indian IT majors partnering the programme."

"Bangalore has emerged as the world's second largest technology hub after Silicon Valley in the US with its rich and diverse talent pool, ideal eco-system consisting of 400-plus research and design and innovation centres and a pro-active government support," state IT, biotech, science and technology minister S.R Patil said.

The state government and Nasscom had on a pilot basis set up a facility in the same place a year ago where 28 start-ups were incubated with about 100 jobs for $1 million (6 crore). Six of these are serving the global market.

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