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offers ₹1.18 cr from MP fund to Mangaluru start-up incubator
June 18, 2017
Union Minister of State for Commerce and Industry Nirmala
Sitharaman announced here on Friday she will contribute ₹1.18
crore from her Member of Parliament Local Area Development fund,
to a start-up incubation centre to be set up in Mangaluru.
The Dakshina Kannada district administration and the Kanara
Chamber of Commerce and Industry (KCCI) are planning to set up
the centre to encourage a start-up ecosystem in Mangaluru.
Jeevan Saldanha, President, KCCI, said an incubation centre or a
co-working space in the city’s central business district is in
much demand from start-ups. The KCCI and the district
administration have identified a 6,000 sqft area at Mallikatta
area here. The proposed centre will have around 70 seats and
will accommodate 15-20 start-ups depending upon the number of
people employed, Saldanha said.
More than 150 IT and IT-enabled services firms are situated in
and around Mangaluru.
Saldanha said the incubation centre will provide start-ups with
an IT ecosystem with mentoring from Nasscom. The KCCI has
already held discussions with Nasscom in this regard, he said.
During her visit to Mangaluru on Friday, Sitharaman had stated
that she, with the help of NITI Ayog, has taken initiatives to
set up innovation hubs at the National Institute of Technology
Karnataka in Mangaluru and at Nitte Mahalinga Adyanthaya
Memorial Institute of Technology in Udupi district.
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