Nasscom 10,000 Startups

• Software industry lobby group Nasscom opened a facility for startups in Visakhapatnam, where technology entrepreneurs with innovative ideas will be nurtured, mentored and funded.

• The startup warehouse at Sunrise Tower will provide co-working space for start-ups, to be housed for six-month incubation terms. Entrepreneurs can also lease co-working spaces on daily/weekly basis.

• It will also hold regular meet-ups and workshops to teach founders entrepreneurial skills in marketing, besides giving them access to early-stage mentors. 

• Nasscom’s technology partners Google for Entrepreneurs, Microsoft Ventures, Amazon Web Services and IBM Cloud will also hold periodic sessions to educate budding entrepreneurs.

• Nasscom signed an in-principle agreement with the Andhra Pradesh government on Tuesday for its 10,000 startups initiative in Visakhapatnam. The initiative aims to scale up the startup ecosystem in India by 10 times over the next 10 years.

• Since its beginning in April 2013, Nasscom has incubated 140 startups, of which 25 have been funded. It has set up startup warehouses in Bengaluru, Kolkata, Navi Mumbai, Pune, Kochi, Gurgaon and Hyderabad. 
• http://10000startups.com