Nasscom To Facilitate Start-Ups In West Bengal

by CXOtoday News Desk    Jul 18, 2014


Nasscom has declared its plans to nurture and facilitate start-ups helping tech companies in West Bengal to step up the IT ecosystem in the region. The IT body said in a step to this direction, it is setting up its first incubator in the region with support from the Government of West Bengal.

At a recent two-day Nasscom Product Conclave held in Kolkata, West Bengal IT Minister, Amit Mitra said a 10,000 sq ft space will be allotted to Nasscom in the IT township of Sector V in Salt Lake for the facility. The space will be provided by Webel (the West Bengal government’s electronics arm).

The government will allot additional 2,500 sq ft of space to the incubation facility once it becomes operational, said Mitra, while encouraging venture capitalist and angel investors also to the incubation facility. The minister further invited Nasscom to mentor the upcoming IIIT Institute in Kalyani, which is expected to be operational from next month.

Speaking during the Conclave, R Chandrashekhar, President, Nasscom, said that the incubator will facilitate and nurture start-ups thereby creating entrepreneurship. The conclave served as a platform for Indian start-ups and emerging companies to access knowledge and support available in the ecosystem. It witnessed participation of leaders from global and Indian product industry, entrepreneurs, CIOs, investors, VCs, angel investors, incubators, government representatives and industry thought leaders, discussing and sharing actionable insights for the product arena.

Abhishek Rungta, CEO, Indusnet Technologies told CXOtoday, “Startups in this region are coming up with many innovative initiatives and are experimenting with emerging technologies such as mobile, cloud and social.” He added that all they require now is the right direction to take their digital journey forward, which IT bodies like Nasscom can nurture and facilitate.

K Rajinish Menon, Director, Startups, Microsoft states that the growing proficiency of Indian technology companies in building innovative products is drawing a great deal of attention from global corporations eager to acquire fresh ideas and skilled workers. “It is at this juncture Indian product companies require mentoring and a proper direction to be at par with their global counterparts, while localizing these products, so as to fit into the country’s culture and other requirements,” he said. The Nasscom conclave can be a great platform to learn and take inspiration from.

A workshop on ‘Learn Inspire and Connect’ was conducted by companies such as Microsoft, Intel, Google and AWS for product companies that focused on early stage funding, business development, product and team management. Other industry thought leaders, like Deepak Ghaisas, Chairman of Gencoval Strategic Services Pvt Ltd., Hemant Joshi, Co-founder, Sapience, Kunal Shah, Founder & CEO, FreeCharge, Ravi Gururaj, Chairman, NASSCOM Product Council, among others also shared guidance on how to take advantage of business opportunities and scale up with wider portfolio wherever necessary in their businesses.