NEWS

Thane to Get State’s first Start­up Hub


February 23, 2018

IN SIX MONTHS Centre at Saket Balkum Road will provide guidance and solutions, will generate 50K jobs and city will get 800 entrepreneurs

THANE : Even as the state government gave start-ups a major boost at the Magnetic Maharashtra investor summit, the Thane Municipal Corporation has already taken a step further towards promoting start-ups.

It will set up a hub to provide training, support and infrastructure to start-ups in the city, in the next six months.

Called the global impact centre, it will be set up at the Rustomjee Township on Saket Balkum Road.

It will function as an accelerator, incubator and a place of innovation for start-ups, providing office space as well as technical support to aspiring entrepreneurs. It will be the first such centre in Maharashtra and the second in the country. Telangana has a start-up hub.

The centre will be set up across 1.2 lakh sq ft of space, of which 30,000 sq ft will be functional in six months. It is expected to generate around 50,000 jobs and 800 new entrepreneurs over the next five years.

Thane municipal commissioner Sanjeev Jaiswal said: “This is one of the biggest start-up hubs, which apart from merely giving technical and financial support for start-ups, will promote innovation, act as an accelerator, offer co-working spaces.

The centre will provide help to come up with innovative start-up ideas, be an accelerator by providing training for those who set up start-ups. Any new start-up takes time to set up, and the centre will provide guidance, solutions to teething troubles.

Jaiswal said the centre would also promote co-working.

“We will provide work desks to small entrepreneurs who want to set up business in the city, but cannot afford office space. The rent-a-desk concept, which is popular in BandraKurla Complex, will be implemented here. The place will come with all office amenities and at a cheaper price than other business hubs,” said Jaiswal.

Some entrepreneurs are sceptical about the response to the start-up hub.

Rajesh Kamble, 47, an IT professional from Thane, is trying to set up his own start-up.

“It is difficult to get a loan from banks. Also, giving entrepreneurs exposure to potential vendors or clients in the initial phase of the startup will help. I have many friends who are intelligent and have innovative ideas, but lack finance or market. The hub will fizzle out if it does not meet these demands,” he said.

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Source: paper.hindustantimes.com