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.
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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app