The government of Karnataka and Information Technology (IT) industry lobby group, Nasscom, has recently joined hands to launch one of Asia’s largest startup warehouse of 50,000 square feet and also the country’s first “hack-celerator”, a combination of a hackathon-like programme and an accelerator. It has also announced to launch a new “Internet of Things” lab and a mobile development lab as part of the program.
The Internet of Things lab will incubate startups that are attempting to build new products around the Internet of Things.
With this the government has also announced an ambitious plan to ensure public access to wi-fi all across Bangalore in about a year. This will make Bangalore the first metropolitan city in India with such facilities.
Our competition is not with neighbouring states; our competition is with the Silicon Valley
“Our competition is not with neighbouring states; our competition is with the Silicon Valley,” Karnataka IT minister S.R. Patil said.
The Karnataka government is investing about INR 4-5 Cr to build the 50,000 square-feet startup warehouse, which may house over 200 startups and will be located in the Diamond District locality of Bangalore. The warehouse is expected to be up and running by November.
Last year, the Karnataka government and Nasscom had built the first state-level startup warehouse, which had attracted about $1 Mn of investments.