Wednesday, December 16, 2015

#Karnataka to have 20,000 #startups by 2020 : #NASSCOM

National Association of Software & Services (NASSCOM) today announced the inauguration of its second warehouse in Bengaluru.Chief Minister of Karnataka Siddaramaiah, K.J. George, Minister for Bengaluru Development and Town Planning, R Chandrashekhar, President, NASSCOM were also present.

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.