GOK NASSCOM 10000 STARTUPS WAREHOUSE
GoK – NASSCOM Startup warehouse with a subsidized co-working space of 30,000 sqft facility will help create a very robust ecosystem to support the early stage companies by getting angel investors, VCs, and enterprises to play a more active role in Bengaluru and getting more start – ups to succeed.
The facility is now expanded with Center of Excellence for innovation and entrepreneurship including an Hackcelerator, a Center of Excellence for Design- an integrated design work space and a Wearables Lab.
About 150 of the 300 seats have already been filled up and startups are benefitting from the highly energised ecosystem besides the subsidised seat rentals of INR 3500 per month.
GOK INCUBATOR FOR TECH START-UPS (GIFTS)
Dept. of IT, BT and S&T, Govt of Karnataka through transparent and unified tendering process [ e-procurement platform] has identified a private partner, M/s Springboard Solution Pvt. Ltd as Program Manager (PM) to operate its 1st incubator operated on a truly PPP mode.
The “GoK Incubator for Tech Start-ups” (GIfTS) is intended to support and nurture startups that are involved in the domain of Information and Communication Technologies through the development of software / hardware products and services. The core focus is on development of software, embedded solutions, internet applications, SMAC etc.
This support from the GoK has substantially reduced the per seat cost for 150 seats out of the total 270 seats in the incubator and co working space, from INR 10,000/- to INR 3,000/- with high quality support services, enabling a reasonably large proportion of incubatees to grow to the next stage.