The Chief Minister Vasundhara Raje launched India’s largest business incubator — the Bhamashah Techno Hub, which is a state-of-the-art facility in Jaipur, which can house up to 700 early-stage startups on 23rd August’2018, in order to put a big step forward strengthening the startup ecosystem in Rajasthan.
The incubator provides end-to-end support to startups, ranging from infrastructure, technology, angel funding, access to venture capitalists, mentorship, exposure to various national and international organisations & experts and much more. At the moment 180 startups have already set their bases at the Bhamashah Techno Hub.
Led by Akhil Arora, Principal Secretary, IT & Communication, Department of Rajasthan (DoIT&C), the incubator, has been built in a span of 15 months, and is spread across a sprawling 100k sq ft and has a seating capacity for 700. It also hosts a digital museum and a tinkering lab for development of products, adaptive learning, computational thinking, physical computing, etc.
“The incubation centre will not charge any kind of fee from start-ups as well as entrepreneurs and shall provide free facilities unlike T-Hub in Hyderabad which charges a fee for different facilities. It will be bigger than the biggest T-Hubs operational in India,” said Akhil Arora.
Rajasthan Government’s objective behind this incubation centre is to help startups propel through in-house and multi-level support. iStart Nest incubation centre in the capital city Jaipur is already running with 45 operating startups. Apart from this, incubation centres are successfully mentoring many startups in Kota, Udaipur and Jodhpur.
Benefits for Startups
- The Centre offers a full-time, week-long onsite mentorship for incubator startups.
- It also provides operational advice, banking support, and guidance for intellectual property rights (IPR) laws, applications and Patent registrations.
- At present, the centre boasts 50 mentors, all of whom are experts from various industries.
- The entrepreneurs will also be given access to state-of-the-art amenities that include individual and shared offices, sleeping pods, meeting rooms with video-conference facilities, tinkering labs, etc. and has a 360-degree approach to helping them succeed.
After a tour of the incubator centre, visiting its tinkering labs for product development, a digital museum and other facilities, the Chief Minister addressed a large gathering of young and enthusiastic startups, mentors, students and others:
“We are the best in the country and I am lucky to have a team that was able to fulfill a vision that I had in 2004. When we started, we weren’t sure how we would bring in digital transformation to the remotest corners of Rajasthan. But when we came back to power in 2013, we got back all our initiatives from the back burner and have worked towards a Digital Rajasthan.”
The iStart programme also includes regular workshops, bootcamps, expert sessions, access to investors, pitching sessions, among others
Facilities at Techno Hub
- Biggest in the country, the 7-storey building has a seating capacity of 700 startups.
- Common platforms for Startups, Accelerators, Investors and VCs.
- Offers free space connectivity, easier funding, mentorship, and exposure to budding and rising entrepreneurs.
- Infrastructure includes video-conferencing room, individual and shared offices, committee halls, high-speed internet, cafeteria, gym and other facilities.
- Tinkering labs to foster creativity, curiosity, and imagination.
- ‘Digital Museum’ provides glimpse of evolution of IT and preserves historical collections