Gururaj Deshpande, an Indian-American entrepreneur, Philanthropist a Venture Capitalist is all set to launch India’s biggest startup Incubator in Hubballi. It is around 400 KMs away from Bangalore. The current biggest incubator in India is T-Hub from Telangana State which is a 70,000 SqFt building.
The new Incubator will be in 82,000 SqFt and is expected to go operational from September 2017. The incubator will have the capacity to facilitate 1,200 people, which can provide just over 200 startups at the same time.
Gururaj Deshpande, IIT-Madras graduate was born in Hubballi and moved to the USA in 1998. He launched Sycamore Networks which went operational in 1999. By March 2000 the company’s network raised to $45 Billion which made Mr. Deshpande one the wealthiest self-made man in the world. In 2010 US President Barack Obama appointed Gururaj Deshpande as co-chair of the National Advisory Council on Innovation and Entrepreneurship.
The Hubballi Project is a part of Deshpande Foundation which was founded Mr. Deshpande himself and his wife Jaishree Deshpande named Sandbox. The objective was to encourage problem-solvers from the local community and allow them to come with solutions with help from the foundation in terms of management, a financial model, and connections to global innovators.
Several innovative solutions have emerged through this program, including a software-enabled machine that will help to automate work. Around 50 startups are part of the Sandbox. All of them will move to the new facility once it is ready. “The new facility will have a makers’ lab, 3D printing lab, IoT (internet-of-things) lab. It will focus on all sectors – from manufacturing and agriculture to IoT,” said Deshpande Foundation CEO Naveen Jha. Read more Indian Startup News.