NASSCOM Opens First Startup Warehouse In Bangalore


The tech-savy state government is funding the cost of the space and facilities to kick-starting the operations.

Among the start-ups are Bookpad by co-founder Aditya Bandi and Tookitaki by co-founder Abhishek Chatterjee.

“As the country’s leading technology hub for innovation and product development, we are committed to steer the growth of Bangalore by fostering entrepreneurial culture through policy initiatives and logistics,” state IT secretary I.S.N. Prasad said.

The warehouse will enable entrepreneurs to create a micro-ecosystem where early stage startup founders can work together, share their learning and best practices with each other, Mittal observed.

Based on the industry response and success of the first warehouse, Nasscom plans to set up similar facility in other centres across the country, including Gurgaon and Noida in the NCR (national capital region), Hyderabad and Pune.

“The model for such a warehouse is to identify a central, well connected, plug-and-play working space and offer it start-ups for the first six months of their operations.

“We will also build an investor network to provide one-on-one mentorship for start-ups and their entrepreneurs,” Mittal added.

According to Nasscom chairman K.K. Natarajan, within four months of inception, the programme received an overwhelming response from stakeholders, especially smart techies who want to move up the value chain in the product space for global market.

“In the light of demand for such incubation centres in other parts of the country, we will roll out the warehouse concept with the support of the respective state governments,” Nasscom product council chairman Ravi Gururaj said.

The programme gave insights into the emerging tech entrepreneurship landscape in the country, as 23 percent of the responses were from Bangalore followed by 20 percent from National Capital Region (NCR).

“One in every five application came from smaller towns and about 70 percent of them are under 30 years, while 15 percent of them are women,” Mittal recalled.

One-fourth of the entrepreneurs are keen to provide solutions in education and skill development space, 18 percent in retail vertical, 15 percent in media and 11 percent in healthcare.

Also Read:

Artificial Intelligence Now A Hot Favourite Among Indian Startups

FBI Arrests ShopClues Founder On Insider Trading Charges

Source: IANS