After successfully setting up start-up warehouse in Bengaluru, National Association of Software & Services (NASSCOM) has inaugurated its second warehouse in the city in presence of Hon’ble Chief Minister of Karnataka Shri Siddaramaiah, Shri. K.J. George, Hon’ble Minister for Bengaluru Development and Town Planning, R Chandrashekhar, President, NASSCOM and Rajat Tandon, Vice President, NASSCOM 10,000 startups.
Over the years, Bangalore has developed as the start-up capital of India. The city has nearly 3,100 to 4,900 dynamic tech start-ups and has attained the second highest growth rate for exit volume and VC investment among the top 20. The warehouse currently has 20 start-ups and with the new space, the warehouse will consist of 100 start-ups. There will be 5 seats allotted to one start-up. The start-ups will operate for six months.
The entrepreneurs will have a list of benefits which could help polish their entrepreneurial skills as well as polish their marketing ability including; Connect sessions, early stage mentoring, access to resources from Google, Amazon, Microsoft, IBM cloud, Kotak banking etc. The selection would be finalized by a selection committee comprising of stakeholders from the government as well as the industry, viz. Government of Karnataka and NASSCOM. They will be required to sign a lease agreement with the Start-up Warehouse.
Hon’ble Chief Minister of Karnataka Shri Siddaramaiah, said, “Over the years, the city has seen an unprecedented growth in the entrepreneurial ecosystem. We are committed to scaling this even further and are pleased to co-opt with NASSCOM to make this dream a reality. NASSCOM start-up warehouse will further provide a platform for the talented entrepreneurs and give them the space they require. The Government is happy to cooperate and support such programs in order to boost the entrepreneurial culture of the city.”
Rajat Tandon, Vice President, NASSCOM 10,000 Start-ups, said, “The expansion will help nurture over 500 entrepreneurs under one roof, thereby, driving growth and foster innovation under one roof, where start-ups can share knowledge and help build an inclusive yet vibrant economy.”
