Gurugram-based coworking space startup Incuspaze recently announced its collaboration with Small Industries Development Bank of India to set up a premium coworking space in Connaught Place, New Delhi.
This coworking space will support micro and small enterprises and startups with a well-equipped and well-managed space to meet their office requirements and fulfil SIDBI’s vision to support entrepreneurs, the company said.
In a statement, SIDBI said it will also be devising an MSE Accelerator programme to fuel the growth of companies operating from the coworking space.
Incuspaze’s expert team would develop, maintain, and operate a coworking space and SIDBI will provide the overall support for these startups to grow wherever possible, according to the terms of the co-branding agreement.
Founded in 1990, SIDBI has supported domestic industry, small units and medium enterprises through various credit and developmental measures.
“The MSME sector makes a substantial contribution to the growth of the country and we believe that through this partnership, we will be able to ease some of the pressure on them by providing them a well-managed space and multifold benefits.”
It aims to develop a network of coworking spaces across 30 Indian and eight international locations by 2022..