The National Association of Software and Services Companies (NASSCOM) and the State Government propose to jointly establish a warehouse in Chennai for start-ups.

Regional director of NASSCOM K. Purushothaman told The Hindu that the facility would provide mentoring and help start-ups in funding. A similar facility was started in Bangalore last year.

About 5,000 sq.ft would be developed in Chennai and the start-ups would get an opportunity to interact with experts in the industry. Initially, about 20 start-ups that have innovative ideas would be selected for the project.

Software exports

Mr. Purushothaman added that Tamil Nadu was expected to register Rs. 75,000 crore worth software exports in 2013-2014. The projection was based on industry trend and growth.

With regard to development of the Information Technology (IT) sector in Coimbatore, he said Coimbatore had evolved and had a good eco system for smaller IT companies.

These companies should get better exposure and they should be showcased on various platforms.

The NASSCOM organised an interactive session here recently with the Indian Angel Network and had about 55 participants.

There were several small-scale product companies here that developed products for the domestic and overseas markets, he said.

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