Bangalore:

India’s IT industry representative body Nasscom Tuesday opened its first start-up warehouse in this tech hub for young entrepreneurs to innovate software products and solutions for the domestic and export markets.

 
“The Karnataka government is collaborating with us to create an ecosystem where budding entrepreneurs can incubate their tech start-ups in the product space,” National Association of Software and Services Companies (Nasscom) president Som Mittal said on the occasion.

 
Located on the upscale old airport road in the eastern suburb of the city, the warehouse has about 10,000 square feet space with 70 seats to accommodate 25 start-ups. The entrepreneurs will have leased internet line, power backup and four meeting rooms.

 
“We are unveiling the country’s first incubation centre with six start-ups, selected from about 4,000 applications received for our ’10,000 start-ups programme’ initiated recently to support entrepreneurs in their early stage of operation with angel funding,” Mittal asserted.

source: http://www.siliconindia.com / Silicon India / Home> Silicon India Startup> News / Thursday – August 08th, 2013