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Indus Net Tech to set up startup incubation labs

Press Trust of India  |  Kolkata 

Digital solutions provider Indus Net Technologies would open an incubation lab in its premises at Salt Lake electronics complex here for nurturing and mentoring startups, one of its top official has said.

"Today, we are launching the IndusNet Labs with the aim to mentor and guide start-ups having potential which will continue for a period of three months", CEO of Indus Net Technologies Abhishek Rungta said.

Kolkata, which is already hamstrung with the paucity of incubation labs as compared to cities like Bangalore, NCR and among others, would immensely benefit budding start-ups, he said.

"We want to mentor start-ups which will synergise with our own business module, primarily in the domains of marketing, financial services, retail and business critical solutions, all in the digital space", he told reporters.

For the initial period of three months, Indus Net would offer 1000 square feet of space at its own office with complete infrastructure for which no charges would be taken.

"We want to produce three to four successful start-ups each year from the 'acceleration' programme," he said.

"The selection of the start-ups will be very rigorous. After three months, the successful start-ups will be asked to continue with the company to go progress further in exchange for an equity for using Indus Net's network of clientele, marketing and infrastructure support," he said.

In case the start-ups wished to go on their own after three months, the team of mentors from Indus Net would also continue their guidance and support, he said.

The company would invite applications from October, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 23 2016. 17:07 IST