NASSCOM opens second startup warehouse facility in Bangalore

BANGALORE, INDIA: NASSCOM today announced the inauguration of its second startup warehouse in Bangalore. The NASSCOM startup warehouse is a four folds expansion from 10,000 Sq. ft. to 40,000 Sq. ft. area. The warehouse currently has 20 start-ups and with the new space, the warehouse will consist of 100 start-ups.

Bangalore, over the last few years has become the startup capital of India. The city has nearly 3,100 to 4,900 dynamic tech start-ups and has attained the second highest growth rate for exit volume and VC investment.

Inaugurating the facility, Chief Minister of Karnataka Siddaramaiah, said, “Over the years, the city has seen an unprecedented growth in the entrepreneurial ecosystem. We are committed to scaling this even further.”

The startup warehouse will be equipped with Internet of Things Labs, Design Labs and Mobile Experience Labs.

Internet of things Labs: A space for incubating IoT/hardware-play startups as they build, test and validate concepts and prototypes. It’ll be a meeting place for industry practitioners to share best practices, case studies with these start-ups and for peer founders to learn and assist each other. These will be feeder to the NASSCOM-Diety IoT Labs.

Design Labs: The Design Labs will be a co-working, co-learning space for ideation and creation of user-centric design products. It will house multi-function spaces, innovative tools, usability studios and digital whiteboards for cutting edge design collaborations and ideation sessions. It will also serve as a center for excellence for design practitioners to gather and share best practices.

Mobile Experience Labs: The Mobile Experience Lab will allow developers, designers and startups access to a wide range of mobile devices from multiple major vendors across all major platforms for testing and building of next generation mobile products and technologies. Testing mobile applications across different platforms and devices helps ensure apps are accessible and fully functional.

Rajat Tandon, Vice President, NASSCOM 10,000 Start-ups, said, “The expansion will help nurture over 500 entrepreneurs under one roof, thereby, driving growth and foster innovation under one roof, where start-ups can share knowledge and help build an inclusive yet vibrant economy”.

There will be 5 seats allotted to one startup for six months. The entrepreneurs will have a list of benefits which could help polish their entrepreneurial skills as well as polish their marketing ability including; Connect sessions, early stage mentoring, access to resources from Google, Amazon, Microsoft, IBM cloud, Kotak banking etc.

The selection would be finalized by a selection committee comprising of stakeholders from the government as well as the industry, viz. Government of Karnataka and NASSCOM. They will be required to sign a lease agreement with the Start-up Warehouse.

All start-ups will get showcased at select NASSCOM events and other events of partner organizations. With this expansion, NASSCOM aspires to impact 200+ startups by the next quarter from Bangalore adding to the overall 10K impact number.