Bengaluru: As an addition to the existing Startup ecosystem of the city and the state, the Bangalore Chamber of Industry and Commerce (BCIC) has set up an incubation center for Startups.
Inaugurating the center at BCIC premises on Monday, Dr.C.N.Ashwatha Narayana, Minister for IT/BT and S&T said, private organizations such as BCIC coming forward to set up an incubation center would be supplementary to maintain the leading position of the state in the emerging technological sphere.
“BCIC has set-up an Incubation Centre to support budding Startup entrepreneurs with the objective of providing necessary guidance, tech support, infrastructure, access to investors, networking, and facilitating a host of other resources that may be required for Startups to survive and scale. This Incubation centre aims to further the Startup ecosystem in the State by fostering Startups to scale-up to attain a competitive edge”, he explained.
Welcoming the BCIC for providing incubation facility for aspiring Startup entrepreneurs at affordable prices, he recommended BCIC to look into collaborating with public universities to achieve the objective. Saying, the National Education Policy (NEP-2020) implemented by the state would help to create the skilled human resource needed for the industry, he added that the government has been supporting to sustain the momentum with forward looking policies including Engineering R & D policy, programmes like ‘Beyond Bengaluru’, and by setting up Karnataka Digital Economy Mission (KDEM) offices, he told.
The state has a robust ecosystem with network of incubation centers in 30 engineering colleges beyond Bengaluru in 18 districts across Karnataka. In addition, Centers of Excellences for IoT, Data Science, AI, AVGC, Cybersecurity and others have a strong focus on skilling and development of youth, Narayana pointed out.
Common Instrumentation Facilities(CIF) have also been set up at 5 locations. The government is encouraging various initiatives in line with achieving the vision set by the Prime Minister to make India reach the 5 trillion-dollar economy by promoting the growth of technology and innovation in all the emerging clusters of Karnataka, Minister emphasised.
H. E. Akiko Sugita, Consul General of Japan in Bengaluru, and office bearers of BCIC were present.