Tata Sons Ltd, the holding company of the diversified Tata Group, is setting up a startup incubator in Pune or Bengaluru to offer early-stage ventures better visibility to its group companies, according to a media report.
The company is defining the process and laying out the blueprint for the incubator, The Economic Times reported, citing Tata Sons chief technology officer Gopichand Katragadda.
Speaking at Pune Connect, an event organised by the Software Exporters Association of Pune, Katragadda said the company is likely to complete the basic process in three months’ time.
According to the report, Katragadda is mandated to strengthen collaboration across its group companies and is looking to incubate more startups and new businesses within the group.
The launch of Tata CLiQ, the online shopping platform Tata Group, marked as the beginning of the new strategy.
The company is incubating a big data analytics startup and a digital health venture.
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Also in Economic times : Tata Sons to set an incubator in Pune or B’luru
PUNE: Tata Sons plans to set up an incubator in Pune or Bengaluru and is currently in the process of defining the process and laying out the blueprint for the same. Speaking on the sidelines of Pune Connect, an event organised by the Software Exporters Association of Pune, Gopichand Katragadda, chief technology officer of Tata Sons, said that the basic process would be completed over the next three months. “We would provide visibility to the group companies for these startups. Meanwhile, we are also looking for startups at events like these to see if we can incubate any of them,” he said.