The Deshpande Foundation, the philanthropy arm of Silicon Valley entrepreneur Gururaj ‘Desh’ Deshpande, will launch the country’s largest start-up incubation centre at Hubballi.
The foundation aims to promote entrepreneurship in India’s tier-II and tier-III cities.
It is investing INR 30 crore in the centre, to be opened this September and able to seat 1,200 people at any point.
Housing a makers lab, a 3D printing lab, hardware labs and an IOT lab, the centre will try to attract entrepreneurs from across sectors and any background, to build new-age solutions.
A ‘sandbox’ location has been created to allow entrepreneurs to test and nurture their ideas into businesses.
His foundation has set up two more sandboxes. One is in Varanasi, the constituency of Prime Minister Narendra Modi, and another in neighbouring Telangana.
The Hubballi centre will continue to be funded by the Deshpande Foundation.
About Deshpande Foundation- Deshpande Foundation is a non-governmental organization founded in 1996 by Gururaj and Jaishree Deshpande.
- Founded: 1996
- Headquarters: Massachusetts
- Type: Non-governmental organization
