It short-lists six teams for grooming and incubation
IT industry body NASSCOM’s startup warehouse is all set to be operational at Sunrise Startup Village here by month-end.
As part of 10,000 startup programme of NASSCOM to create a vibrant startup ecosystem to nurture technology enterprises, the premier IT industry organisation had inked MoU with Chief Minister N. Chandrababu Naidu in March to include Visakhapatnam for the warehouse.
Sources said NASSCOM has almost short-listed six teams for grooming and incubation at the warehouse where 5,000 sft has been allotted to it.
The focus of NASSCOM is to transform technology startups into commercial ventures on the model of ventures developed in Silicon Valley.
“NASSCOM warehouse will scale up startup ecosystem manifold and take the startups to the next level,” Special Chief Secretary to the Chief Minister and IT Advisor J.A. Chowdary told The Hindu .
Startups will be incubated in a co-working space with access to dedicated desks, meeting rooms and event space and connect with mentors, venture capitalists and corporate clients. It will have diverse range of verticals.
NASSCOM will regularly hold hackathons, grooming sessions and workshops with industry partners like Google for Enterprise, Microsoft Ventures, Kotak, IBM, Amazon and Facebook.
SAP will be the next big organisation to launch its operations at Sunrise Startup Village after NASSCOM. It is being allotted 10,000 sft for incubation of startups in the village for which an agreement was signed here sometime ago. Under SAP Startup Focus programme, software and support worth $100,000 will be provided to every startup in AP using SAP Hana technologies.
Kochi Startup Village is on verge of exiting from Sunrise Startup Village following its decision to change its focus to virtual mode of incubation. The Innovation Society, an autonomous body formed by the State government to encourage startups, will open branches in various districts to recognise out-of-the-box ideas by youngsters.