You are here: Home » Companies » Start-ups » News
Business Standard

NASSCOM inaugurates start-up warehouse in Kochi

This warehouse is part of NASSCOM's 10,000 start-ups programme supported by Google, Microsoft, Kotak, IBM and AWS

BS Reporter  |  Chennai 

NASSCOM inaugurates new start-up warehouse in Kochi

The National Association of Software and Services Companies (NASSCOM) today inaugurated the start-up warehouse in Kochi. This is to further accelerate its effort to reach out to maximum number of entrepreneurs, said the Association or a body representing the IT industry in the country.

The start-up warehouse has been launched in support with the Kerala Government to build entrepreneurial capabilities in Kerala, create a vibrant community to connect investors, mentors and start-up entrepreneurs, and building tech-entrepreneurship as a preferred career option, said NASSCOM in a statement.

The warehouse will be managed by NASSCOM’s 10,000 Start-ups programme. The steering committee of Start-up Warehouse, Kochi includes Jayasankar Prasad, CEO, Kerala Start-up Mission, Hrishikesh Nair, CEO, Infopark, Mukund Krishna, CEO, Suyati Technologies Pvt. Ltd., Sunil Balakrishnan, Global Head for Development Center Operations, UST Global and Ashok Madaravally, Deputy Director, NASSCOM 10,000 Startups.

Six startups shortlisted including CIED, Agrima Infotech, Janta Solutions, GeoSpice Location Intelligence, Quadproso, and Rabitech are shorlisted and they will be operating from today onwards.

Oommen Chandy, chief minister, government of Kerala, commented that three years ago Kerala announced the student entrepreneurship policy when more than 300 student startups came into force. The state government will extend all support for the third NASSCOM Start-up Warehouse at Infopark, Kochi, to ensure this collaboration gets more tech entrepreneurs in the fore front.

R Chandrashekhar, president, NASSCOM said that the necessity to develop increasingly refined skills is driving the evolution of culture. By efficiently channelling technological and creative skills of the youth to solve existing problems, the state aspires to foster an entrepreneurial culture, which contributes to increased knowledge, employment and societal wealth. Through this strategic partnership with the government of Kerala, NASSCOM aims to help build an entrepreneurial eco-system in Kerala which leverages technology to bridge gaps between different strata of the society.

Rajat Tandon, vice-President, NASSCOM 10,000 Startups added, “Start-ups are a critical pillar for the sustainability of the IT Industry, as they are fuelling innovation, ensuring job creations and enabling sustained revenue generation. India is emerging as the nerve center for the global start-up movement and Kerala pioneers initiatives that complement this growth. This is a milestone for us at NASSCOM as Kerala joins the league of 10,000 Start-up’s revolution.

Ravi Gururaj, chair, NASSCOM Product Council added that Kerala is one of the front runner innovative cities and poised to grow faster in the near future with a very entrepreneur friendly IT Policy.

Kochi is natural choice like Bangalore, Kolkata and Gurgaon to have similar start-up warehouses with support of the respective state.

“This centre will provide early stage start-ups with highly affordable co-working space conveniently located in the center of the city, thereby establishing Kochi as one of the emerging destinations of global businesses and start-ups,” said Gururaj.

In 2013, NASSCOM 10,000 Startups launched its first start-up warehouse in Bangalore followed by its second warehouse in Kolkata.

It further announced Start-up warehouse in Navi Mumbai & Pune in support with Maharashtra and recently in Gurgaon. Since inception of Start-up Warehouses, 76 start-ups have got incubated so far both from Bangalore and Kolkata, from which 20 per cent start-ups got funded and 10 per cent got acquired.

NASSCOM’s 10,000 Start-ups Program is supported by Google for Entrepreneurs, Microsoft Ventures, Kotak, IBM, and AWS.

First Published: Sat, September 12 2015. 22:46 IST