Update: Nasscom has partnered with the Karnataka Government to launch the co-working space christened Startup Warehouse in Bangalore. The facility will be inaugurated on August 6.
Earlier: If things go as planned, Bangalore may get another accelerator. India’s Nasscom, a body for software and services companies, is looking to set up a 100 seater accelerator in Bangalore.
“We are working on it really hard,” said Ravi Gururaj, the newly appointed Chairman of the Nasscom product council. He said it would be a co-working space where mentors, customers, angel investors, venture capitalists and other stakeholders will keep coming.
Last month, Nasscom appointed Citrix Vice President Ravi Gururaj as the Chairman of its product council and said that it will try to deliver a $20 billion software products industry by 2020.
There are an estimated 2400 product companies with combined revenues of $2.2 billion. Nasscom has also launched its 10,000 startups program to incubate, fund and support 10,000 technology startups over the next 10 years.
Banglaore is also home to the Microsoft Accelerator, led by Mukund Mohan. The Microsoft Accelerator was launched in India in July 2012. The four month program offers co-working space, mentors and access to customers.
The Indian Institute of Management- Bangalore runs an incubator called the N S Raghavan Cell for Enterpreneurial Learnings (NSRCEL). 5ideas, a startup accelerator set up by Pearl Uppal & Gaurav Kachru, is planning to setup an office in Bangalore.
Recommended Read: Incubators and Accelerators in India: THE List