Karnataka govt pushes startup ecosystem

 To further fillip the R&D, startup and innovation ecosystem in Bangalore, the Karnataka government is all set to start the next edition of StartUp Warehouse, a startup program which it had started with industry body Nasscom a year ago. 

StartUp Warehouse has so far nurtured 28 startups, creating more than 100 jobs and attracted an investment of $1 million.

Inaugurating the expansion plan of StartUp Warehouse with Hack-celerator and Internet of Things (IoT) Lab at a function on Tuesday, Karnataka Information Technology and Biotechnology (IT/BT) minister S R Patil said the state government wants a conducive ecosystem for startups in the state.

“Bangalore has established its credentials as the IT hub of India and almost one-third of IT export comes from the state speaks volumes about our prowess in the secor. StartUp Warehouse Lab with Hack-celerator and Internet of Things (IoT) Lab is a combination of a Hackathon and an Accelerator, which will be the first of its kind in the world,” he said to Deccan Herald.

Speaking at the function, Karnataka IT BT Secretary Srivatsa Krishna said the Hack-celerator and Internet of Things (IoT) Lab is India’s first pre-accelerator programme.

The Hack-celerator and Internet of Things (IoT) Lab is expected to further boost  Bangalore’s name in creating a micro ecosystem where startups and entrepreneurs could work together, share their learning and best practices with each other.

The new StartUp Warehouse with Hack-celerator and Internet of Things (IoT) Lab  will have the space of 50,000 sq ft and can accommodate 400 people.