The country's first start-up incubation centre at a metro rail station will come up in Bengaluru.
According to an agreement signed between the Bangalore Metro Rail Corporation (BMRL) and city-based Candor Management Services Private Limited, a talent solutions company, on Tuesday evening, the business incubation centre will be established at the Trinity station, located near Trinity Circle on MG Road. BMRCL spokesperson U A Vasanth Rao told The Times of India that the incubation centre will be functional within a month.
The incubation centre will augment the state government's efforts to position Bengaluru as one of the top startup ecosystems in the world.
In fact, the proposal to establish business incubation centres at metro stations was mooted at the end of June this year and BMRCL had reasoned: "Bengaluru is the city of innovation and we have carved out spaces required for start-up companies and e-commerce so that the stations themselves become transit oriented destinations (TOD)."
While calling for tenders for renting out the retail space at five different stations including Trinity, BMRC had opened doors for companies established under the Indian Companies Act - 1956 and startups registered with the Karnataka Biotechnology and Information Technology services (KBITS) department to set up shops at these stations. BMRC also allowed e-commerce companies to set up e-kiosks for buying and selling goods.
According to an agreement signed between the Bangalore Metro Rail Corporation (BMRL) and city-based Candor Management Services Private Limited, a talent solutions company, on Tuesday evening, the business incubation centre will be established at the Trinity station, located near Trinity Circle on MG Road. BMRCL spokesperson U A Vasanth Rao told The Times of India that the incubation centre will be functional within a month.
The incubation centre will augment the state government's efforts to position Bengaluru as one of the top startup ecosystems in the world.
In fact, the proposal to establish business incubation centres at metro stations was mooted at the end of June this year and BMRCL had reasoned: "Bengaluru is the city of innovation and we have carved out spaces required for start-up companies and e-commerce so that the stations themselves become transit oriented destinations (TOD)."
While calling for tenders for renting out the retail space at five different stations including Trinity, BMRC had opened doors for companies established under the Indian Companies Act - 1956 and startups registered with the Karnataka Biotechnology and Information Technology services (KBITS) department to set up shops at these stations. BMRC also allowed e-commerce companies to set up e-kiosks for buying and selling goods.