Som Mittal, president, Nasscom, KK Natarajan, chairman, Nasscom, Ravi Gururaj, chairman, product council, Nasscom and I S N Prasad, principal secretary to Karnataka government, department of information technology, biotechnology and science and technology, were present at the event.
While talking about the facility, Prasad said, "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 innovation 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 stakeholders from the government as well as the industry.
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 six 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.
Source: http://tinyurl.com/n2qvuh7
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