Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Delhi to host Nexus, a US government platform for enabling Startups

"Delhi has all the right components, you have the entrepreneurs, the funders, the government, the capital and other complementary factors. We saw an ecosystem here which was needed for starting this initiative."

July 23, 2017 / 07:18 PM IST

New Delhi has been chosen for hosting Nexus, a US government-funded platform for enabling and encouraging startups in India as it has "all the right components" needed for such initiatives, says its director.

Nexus Director, Erik Azulay, who moved here from Austin to set up and run the centre, said "Delhi is the pilot" and the vision now is to expand the footprint to other parts of India and South Asia.

"Delhi has all the right components, you have the entrepreneurs, the funders, the government, the capital and other complementary factors. We saw an ecosystem here which was needed for starting this initiative," he told PTI.

Asked if other cities were considered before selecting Delhi, Azulay said, "We did look at other cities, including Bengaluru, but we chose Delhi. Delhi is the pilot... From here on, we see our future in more Indian cities, and other parts of South Asia."