In an effort to
continuously support the young entrepreneurs, National Association of
Software & Services (NASSCOM) announces the inauguration of its
first warehouse in Chennai today. The MoU signing took place between
Department of Information Technology, State of Tamil Nadu, acting through the
Electronics Corporation of Tamilnadu and NASSCOM in presence of Chief Minister
of Tamil Nadu J. Jayalalitha over video conferencing.
Chennai is known to be
quite popular for its automobile and IT industry. One of the fastest growing
cities in the world, Chennai is home to more than 20 Indian companies that have
a net worth of more than USD 1 billion. It is often seen as the secondary
financial hub following Mumbai. The cultural capital of the south is amongst the major upcoming start-up locations of the country. The city
is emerging as the SaaS Hub as it has a large base of B2B SaaS product
companies triggered by the success of few startups supported by right set of
domain talent.
The warehouse which is
spread across 8000 sq.ft can house upto 50 start-ups allowing them to learn,
work, and accelerate their companies. 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 etc. The
selection would be finalized by a selection committee comprising of
stakeholders from the government as well as the industry, viz. Government of
Tamil Nadu and NASSCOM.
Chief Minister of Tamil
Nadu J. Jayalalitha said, “Chennai has a
strong entrepreneurial culture and has been a great inspiration to other cities
as well. We definitely want to back this culture and support these
entrepreneurs in every possible way. We are extremely pleased to be partnering
with NASSCOM to scale up the entrepreneurial growth of the city. The city is
emerging as an important location for the start-up ecosystem and we hope that
this initiative will bring a new dynamism to its entrepreneurs.”
Rajat Tandon, Vice
President, NASSCOM 10,000 Start-ups,
said, “Over the years, Chennai has been home to a lot of promising
startups. We have seen immense talent and enthusiasm here and wanted to further
encourage and support the entrepreneurs through our 10k program. The warehouse
will nurture nearly 200 entrepreneurs to foster innovation under one roof. A
co-working space like this is necessary in order to boost the startup ecosphere
of the city. NASSCOM would like to thank the state Government for their support
in building a conducive environment for the startup founders. ”
Start-up Warehouse is a
premium co-working space introduced by 10000 Start-ups in August 2013. It
incubates start-ups from a diverse range of verticals. The space is the
ultimate place for entrepreneurs to learn, work, and accelerate their
companies. At the warehouse, you get a number of facilities, including a 10
Mbps broadband leased line, quality infrastructure with AC, chair, tables,
tea/coffee, logistics etc. The co-working space allows early-stage technology
start-ups to work for 6-12 months during which start-ups will get
showcased at select NASSCOM events and other events of partner organizations.
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