As PM Narendra Modi's ambitious plan 'Start-up India' is about to celebrate its two-year anniversary, this year in August, a new milestone in the start-up field is to be achieved in PM's home state Gujarat creating co-working spaces for tech startups to incubate and get nurtured.
An Ahmedabad-based end-to-end IT services provider, Dev Information Technology Ltd, has announced setting up a massive Accelerator Center for startups in Gujarat, making it a one-stop solution for entrepreneurs to conceive, develop, test and commercially rollout their ideas.
Called as DevX, the startup accelerator will be Gujarat's largest accelerator which will also have co-working space of about 15,000-18,000 square feet at single location with seating capacity for over 250 people.
DevX will focus on Artificial Intelligence (AI), Internet of Things (IOT), Augmented Reality (AR), Virtual Reality (VR) and Financial technology areas.
The first phase of DevX will get ready by May 2018 with about 10,000 sqft area. The full commissioning will happen by December 2018.
An individual startup can hire upto 1-100 seats for a duration of one month to one year at DevX. The Common business center will also help them use the common utilities. The charges will start from Rs. 7,500 per month per seat which includes mentorship, assistance on Intellectual Property rights as well as using the common infrastructure besides the working space.
The above development was first reported in Business Line.
Jaimin Shah, Managing Director and CEO of Dev IT told the business daily, "India has already leap-frogged in the start-up space, while Gujarat is matching the footsteps. Currently, the challenges that we face is the angel investment, mentor-ship, quality of ideas and an accelerator space for tech startups."
Earlier this week, Ratan Tata, in his ₹900 million plan, has also announced that Tata Trusts will be setting up lab-style startup incubators across the country.
Additionally, in this month, Haryana state government has also announced the plan to set up an startup incubator called 'Global Start-up Village', which will be India's biggest startup hub and will be located in Gurugram in next couple of years.
An Ahmedabad-based end-to-end IT services provider, Dev Information Technology Ltd, has announced setting up a massive Accelerator Center for startups in Gujarat, making it a one-stop solution for entrepreneurs to conceive, develop, test and commercially rollout their ideas.
Called as DevX, the startup accelerator will be Gujarat's largest accelerator which will also have co-working space of about 15,000-18,000 square feet at single location with seating capacity for over 250 people.
DevX will focus on Artificial Intelligence (AI), Internet of Things (IOT), Augmented Reality (AR), Virtual Reality (VR) and Financial technology areas.
The first phase of DevX will get ready by May 2018 with about 10,000 sqft area. The full commissioning will happen by December 2018.
An individual startup can hire upto 1-100 seats for a duration of one month to one year at DevX. The Common business center will also help them use the common utilities. The charges will start from Rs. 7,500 per month per seat which includes mentorship, assistance on Intellectual Property rights as well as using the common infrastructure besides the working space.
The above development was first reported in Business Line.
Jaimin Shah, Managing Director and CEO of Dev IT told the business daily, "India has already leap-frogged in the start-up space, while Gujarat is matching the footsteps. Currently, the challenges that we face is the angel investment, mentor-ship, quality of ideas and an accelerator space for tech startups."
Earlier this week, Ratan Tata, in his ₹900 million plan, has also announced that Tata Trusts will be setting up lab-style startup incubators across the country.
Additionally, in this month, Haryana state government has also announced the plan to set up an startup incubator called 'Global Start-up Village', which will be India's biggest startup hub and will be located in Gurugram in next couple of years.
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