The startup ecosystem in East India, particularly in West Bengal, is improving, NASSCOM (East) chairman Sanjoy Chatterjee said here on Wednesday.
NASSCOM, the leading trade organization of the IT and ITeS sector, has founded 221 start-ups in the region so far, he told a press conference here.
It set up the camp for mentoring the largest start-up ecosystem in the east of the country seven years ago.
Of the 221 incubated start-ups, 79 were funded, 49 of them with the second tier. These start-ups included both technological and non-tech companies in the MSME and large corporate space.
“The startup ecosystem in the East, especially in West Bengal, is improving. A large number of IT and ITeS companies will start operations from the city,” Chatterjee said.
Besides NASSCOM, the other major incubators in West Bengal include IIM Innovation Park and IIT Kharagpur.
Explaining NASSCOM’s efforts in Bengal, he said that the first Bengal Entrepreneurs Summit on Technology will be held in the city on Jan. 19, and more than 400 startups are expected to attend the event.
In addition to venture capitalists and angel investors, the participants will also include start-ups in the fields of technology, IoT, blockchain, data science and fintech, he said.
Nearly 16 startups are currently being mentored at the NASSCOM warehouse, many of them remotely, Chatterjee added.
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