NASSCOM, Tamil Nadu Govt. Join Hands to Support Entrepreneurs NASSCOM partners with the Tamil Nadu government to set up the first startup warehouse in the state.

By Samiksha Jain

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

In an effort to continuously support young entrepreneurs, National Association of Software & Services (NASSCOM) announces the inauguration of its first warehouse in Chennai on Wednesday.

The signing of MoU (Memorandum of Understanding) took place between Department of Information Technology, State of Tamil Nadu, acting through the Electronics Corporation of Tamil Nadu and NASSCOM in presence of Tamil Nadu's Chief Minister J. Jayalalitha over video conferencing.

Commenting on the recent development, J. Jayalalitha said, "Chennai has a strong entrepreneurial culture and has been a great inspiration to other cities as well. We definitely want to back this culture and support these entrepreneurs in every possible way. We are extremely pleased to be partnering with NASSCOM to scale up the entrepreneurial growth of the city. The city is emerging as an important location for the startup ecosystem and we hope that this initiative will bring a new dynamism to its entrepreneurs."

The warehouse which is spread across 8000 sq.ft can house upto 50 startups allowing them to learn, work, and accelerate their companies.

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 etc.

The selection would be finalized by a selection committee comprising of stakeholders from the government as well as the industry, viz. Government of Tamil Nadu and NASSCOM.

"Over the years, Chennai has been home to a lot of promising startups. We have seen immense talent and enthusiasm here and wanted to further encourage and support the entrepreneurs through our 10k program. The warehouse will nurture nearly 200 entrepreneurs to foster innovation under one roof. A co-working space like this is necessary in order to boost the startup ecosphere of the city," said Rajat Tandon, Vice President, NASSCOM 10,000 Startups.

Startup Warehouse is a premium co-working space introduced by 10000 Startups in August 2013. It incubates startups from a diverse range of verticals.

The space is the ultimate place for entrepreneurs to learn, work, and accelerate their companies. At the warehouse, you get a number of facilities, including a 10 Mbps broadband leased line, quality infrastructure with AC, chair, tables, tea/coffee, logistics etc.

The co-working space allows early-stage technology startups to work for 6-12 months during which startups will get showcased at select NASSCOM events and other events of partner organizations.

Samiksha Jain

Former Staff, Entrepreneur.com

Related Topics

Thought Leaders

100 Women of Influence in 2022

Our annual celebration of the women leaders influencing their industries, defining our culture, and reimagining our future.

Business News

Bumble Is Laying Off Over 30% of Workforce as Gen Z Moves Away From Dating Apps

The company revealed its restructuring plans during a Q4 2023 earnings report.

Leadership

3 Mind-Changing Habits Every Leader Should Follow

As business leaders, we need reminders to focus on our mindset, not just the P&L. Here are three habits that I practice to create a more successful mindset.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

Business News

Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study

Some surprising schools outranked Ivy League universities with the likelihood that their grads would found a unicorn.