NASSCOM sets up startup warehouse in Kochi

KOCHI: The National Association of Software and Services Companies (NASSCOM) in support with the Kerala Govt. has launched the startup warehouse in Kochi to build entrepreneurial capabilities in the state of Kerala.

R. Chandrashekhar, President, NASSCOM said, “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”.

Kerala Chief Minister, Oommen Chandy said, “Exactly 3 years from today, Kerala state announced the student entrepreneurship policy when more than 300 student startups came into force. The State Govt. will extend all support for the 3^rd NASSCOM Start-up Warehouse at Infopark, Kochi, to ensure this collaboration gets more tech entrepreneurs in the fore front.”

This centre will provide early stage startups with highly affordable co-working space conveniently located in the center of the city.

It will help in creating a vibrant community to connect investors, mentors and start-up entrepreneurs, and building tech-entrepreneurship as a preferred career option.

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

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 and Pune in support with Govt. of Maharashtra and recently in Gurgaon in support with Govt. of Haryana.

Since inception of Startup Warehouses, 76 startups 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.