A seed fund of ₹25 crore has been established in partnership with the State government, banks and entrepreneurs of the region, to provide capital funding for eligible entrepreneurs launching their startups in Mysuru.
This is part of Beyond Bengaluru initiative and a release said that the industry in the Mysuru cluster has grown exponentially in the last two years, and is emerging as the tech hub of the country. ‘’Behind this, Karnataka Digital Economy Mission as well as Nasscom, IESA, Assocham, CII, TIE Mysore have played a role’’ the release added.
It said that reputed companies like IBM, Travancore Analytica, Nagaro, HHS, Proxelera, Forefront Healthcare, Glotouch Auto-Asam, etc. have been operating in Mysuru for the last 18 months, and Hinduja Global Solutions has set up a new center in Mysuru as part of its global expansion and plans to employ 400 people in the first phase.
