In an effort to woo youngsters in Mumbai, Shiv Sena, the ruling party in the BMC, has announced about its plans to set up its very first Startup incubator in Mumbai. According to them, the aim behind the move is to encourage more and more startups and entrepreneurs from the city of dreams.

The announcement was made by Yuva Sena chief Aaditya Thackeray in a series of tweets recently.

"The BMC will be setting up its first Start Up incubator in Mumbai very soon to encourage more start ups from Mumbai to pursue their dreams," read one tweet.

He followed the announcement tweet by another stating, "Mumbai has been a city to follow its dreams, support dreams. BMC incubator will make available spaces extremely affordable to startups."

It's interesting to note that the announcement came just a few days ahead of the civic elections.

According to information available, the BMC administration has already zeroed on a building at Chakala in Andheri for the incubator. The building will be completely revamped and converted into an office space for 50 to 100 emerging entrepreneurs. The Andheri space, which has been reserved for the welfare centre, boosts of a parking space on the stilt, while its first floor has a hall and several airy rooms. Since the budding entrepreneurs will have to meet a number of investors, mentors, and other important people on a daily basis, BMC has decided to convert the hall in the building into a beautiful conference room, which will be allotted to people on advance booking.

The budding entrepreneurs will be made available with small offices at a nominal rate for a period of six months. When there six months at the incubator are over, they will have to vacate the space for other applicants.

According to sources, the BMC is looking to complete the building and start the incubator before the civic elections go live. Apart from the Andheri one, they also plan to start more startup incubators in other parts of the city very soon.

The BMC is going to release more details about the policy very soon. It has brought in several prominent startup specialists on its panel to provide them a helping hand in rolling out the incubator.

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