JetSynthesys invests $3 mn in 'Garage' facility for start-ups

Infosys co-founder Kris Gopalakrishnan-backed JetSynthesys Ltd today announced the launch of 'Garage', a unique infrastructure based concept that offers to provide a perfect eco-system for start-ups.
JetSynthesys has already invested over USD 3 million in creating this first 'Garage' facility and several start-ups that are being accelerated through JetLabs.
Inspired by the fact that some of the world's largest companies today - Google, Apple, Amazon, Microsoft and Disney all started out in rented garages, the first 'Garage' facility was today inaugurated in Mumbai. It is modelled on the very successful Silicon Valley style of co-working spaces and is developed by JetLabs, the accelerator division of Pune based JetSynthesys Ltd.

"To succeed, startups need a holistic ecosystem - from mentors to capital, from technology to design, from market access to legal and HR support, from learning to an inspired workplace. That's what we have tried to build through Garage and Jetlabs," Jetsynthesys Non Executive Chairman, Kris Gopalakrishnan said in a statement here.
Describing 'Garage' Rajan Navani, MD and CEO of JetSynthesys said, "It is a co-working space ideal for entrepreneurs that takes collaboration to a new level with creators, innovators and passionate learners. Having a capacity of about 170 seats, 'Garage' will also work with digital transformation teams of large Indian traditional businesses."

Garage will house small teams from large internet businesses making it a very unique collaborative workspace that provides infrastructure, allied services, training and networking events, mentoring sessions, meetups with VCs and leading technology capabilities so that the members of the start-up community can completely focus on doing what they love and quickly grow into larger, sustainable businesses, Navani said.
About 10 start-ups, which have been incubated, accelerated or invested in by Jetlabs and Jetventures in India or Silicon Valley, have started using this facility.