Startup ecosystem improving in West Bengal: NASSCOM

The startup ecosystem in eastern India, particularly West Bengal is improving, NASSCOM (East) chairman Sanjoy Chatterjee said here on Wednesday.

NASSCOM, the premier trade body of IT and ITeS sector, has so far incubated 221 start ups in the region so far, he told a press conference here.

It set up the warehouse for mentoring the largest start up ecosystem in the eastern part of the country seven years ago.

Out of the 221 incubated start ups, 79 were funded, including 49 with the second series. These start ups included both technology and non-tech ones in the MSME and large enterprises space.

“The start up ecosystem in the east, particularly West Bengal, is improving.A large number of IT and ITeS firms are going to start operations from the city,” Chatterjee said.

Besides NASSCOM, the other major incubators in West Bengal are IIM Innovation Park and IIT Kharagpur among others.

Discover the stories of your interest


Elaborating on NASSCOM’s efforts in Bengal, he said it will hold the first Bengal Entrepreneurs Summit on Technology in the city on January 19 and more than 400 start ups are expected to attend the event. Among the participants will be start ups from the tech, IoT, blockchain, data science and fintech, besides venture capitalists and angel investors, he said.

Currently, nearly 16 start ups are being mentored at the NASSCOM warehouse and many of them remotely, Chatterjee added.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.