Young entrepreneurs can look forward to better support in Bengaluru as Nasscom’s Startup Warehouse is set for expansion. The facility, located on HAL Airport Road, will quadruple in area from 9,000 sq ft to 36,000 sq ft, and get more infrastructure. It is part of Nasscom’s two-year-old 10,000 Startups initiative to boost the burgeoning startup ecosystem.
Nasscom plans to run an intensive skill-building programme customised for early stage startup companies. Besides, Nasscom will also provide access to veteran startup founders and ever widening network of angels for hands-on-mentorship.
The programme is rolling into its fourth phase for which about 200 firms will be shortlisted by a panel of experts. Applications, processed on FIFO (first in first out) basis till April 22, 2015 have to be made at 10000startups.com. The seat allocation is an ongoing process, with applications monitored regularly.
Each startup gets up to 5 seats in the 70 seater room that is open round the clock. There is a 10 Mbps broadband leased line, besides 100% power backup and four meeting rooms.
As part of the expansion, the Bengaluru Warehouse will have a dedicated mentor program attached to it, and also India’s first IoT lab, a design lab and a mobile lab.
Source: The Hindu