Taking the state one step further towards becoming the entrepreneurship hub of the country, the Chief Minister, Nara Chandrababu Naidu signed an MoU with the IT industry body NASSCOM on Tuesday and announced the inauguration of a Startup Warehouse in the city.

The centre is expected to be the place where technology entrepreneurs with innovative ideas will be nurtured, mentored as well as funded by venture capitalists and investors. R. Chandrasekhar, President, Nasscom, signed the MoU for initiating Nasscom 10K activities at Sunrise Tower Vizag in presence of AP Chief Minister N Chandrababu Naidu.

The new start-up warehouse in Visakhapatnam will provide a co-working space for start-ups to be housed for six month incubation, co-working space for entrepreneurs to use on daily or weekly basis and a well-equipped community events space available for meet-ups and workshops.

At the warehouse, the entrepreneurs will have a list of benefits which could help polish their entrepreneurial skills as well as improve upon their marketing abilities by way of connect session. They can also have access to resources from giants like Google, Amazon, Microsoft, IBM cloud, Kotak etc.

“Vishakhapatnam has great scope to emerge as a strong start-up hub in the coming years. The entrepreneurs here should be given a favourable and encouraging environment to establish themselves as creators of unique technology products,” said R Chandrasekhar, President, Nasscom.

The 10,000 Start-ups programme of Nasscom has initiated the warehouse concept across different states to create a micro-ecosystem for budding entrepreneurs.

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