TemplateMonster, of the U.S., a $15 million company with specialisation in e-solutions, digital marketing and training, will soon launch its operations in Visakhapatnam and Vijayawada.
“We will start with a 100-seater facility each in both the cities and later scale up the manpower to 500,” TemplateMonster’s India partner Satish Babu told The Hindu .
He said initially the Andhra Pradesh Non-Resident Telugu (APNRT) Society promised to provide rented accommodation. In Visakhapatnam, it is likely to get space at Millennium Tower, which is on the verge of completion at Rushikonda.
On future plans, he said they would explore acquiring a site to develop a big development centre in both the cities depending on the response to their operations.
TemplateMonster CEO David Braun, who reached here to attend a two-day international startup workshop, said they were excited to invest in Andhra Pradesh, which was all set to emerge as the Silicon Valley of India.
$1 million startup support
Tech-Mark Training India in partnership with TemplateMonster is hosting the international startup workshop for which over 100 registrations had been received.
The aim of the programme is to identify startups for mentorship, grooming and funding under a programme named YuvBharat, a project of Tech-Mark India, a sister concern of Tech_Mark Pte. Ltd. (Singapore).
In support of Startup India, TemplateMonster, U.S., has partnered with YuvBharat to give $1 million worth of technology products, training and mentoring to enable startups to market their products and services globally.
“We have an ambitious programme to create young entrepreneurs in India. We will give cash awards and certificates of excellence to three best startups, three best at ideation level and mementos and certificates of excellence to best three women startup entrepreneurs,” Mr. Babu, co-founder of Tech-Mark said.
He said each startup registered with YuvBharat would get $1,000 worth of content management system, web, newsletter and business promotion to strengthen startup ecosystem.
