TN sanctions Rs. 3.5 cr for start-up warehouse.

Tamil Nadu government has sanctioned Rs. 3.53 crore to establish 'start-up warehouse' in Chennai with Nasscom as the knowledge partner, according to a State Government Order.

It will support early stage technology start-ups in Chennai by providing them physical working infrastructure and ancillary support at subsidised cost.

Nasscom will partner with the State government to set up the facility and offer shared office space to entrepreneurs in a plug-and-play format. The 10,000-sq ft warehouse will have 60-80 work stations and 100 per cent power back-up, says the order.

Nasscom will be responsible for end-to-end programme management of the warehouse with the help of a professional team. A 'start-up warehouse board' will be appointed with representatives from Nasscom, one Tamil Nadu-based start-up community leader and one or more representatives from the State government.

Electronics Corporation of Tamil Nadu will collaborate with Nasscom to accelerate the commissioning of the first warehouse in the city, the order said.


HBL