Tamil Nadu to set up incubator for startups.

To attract start-ups and project a business-friendly face, the Tamil Nadu government has decided to set aside dedicated areas or warehouses for start-ups to grow with guidance from Nasscom, the industry body for software companies, the first of which will become operational at Tidel Park in Chennai.

'As a major step to support young entrepreneurs, from 2014-15 onwards, this government will make available 10% of space exclusively for Information Technology Incubation Centres as 'Warehouses for Startups' in all information technology parks developed by the government. These centres will promote new ventures and assist upcoming entrepreneurs by creating an appropriate ecosystem,' reads an order from the government.

To begin with, a 'Startup Warehouse' will be set up in Tidel Park in the heart of Chennai with Nasscom as its knowledge partner. The centre will have 10,000sqft of carpet area, fully functional plug-and-play office space with 60 to 80 workstations and at least four conference rooms. It will have 100% power back-up, central air-conditioning, leased internet lines, cafeteria and basement car park.


TOI