NASSCOM's Manchester launchpad to provide free space for 180 days to Startups & MSMEs

New Delhi, June 30 (KNN) Nasscom on Thursday signed an agreement with MIDAS (Manchester’s Inward Investment Agency) and MAG (Manchester Airports Groups) to promote innovation, investment, and technological exchange between Greater Manchester, and India.

This MoU will lead to the establishment of the first Nasscom launchpad in the UK. The arrangement will provide small Indian tech companies, interested in setting up their presence in Greater Manchester, to have access to 180 days of rent-free office space within offices based at Manchester Airport, where a number of tech-focused companies are already based.

Shivendra Singh, Vice President and Head, Global Trade Development, Nasscom, said in a statement, “ We are thrilled to expand our launchpad programme in the UK. I am confident that this will provide greater momentum to the Indo-UK trade ties. The programme will help lower initial set up cost for smaller tech companies and enhance their credibility in the UK market.”

“India’s ambitions for its tech ecosystem perfectly align with Greater Manchester’s long-term International Strategy and this new agreement has the potential to unlock significant opportunities for collaboration across trade and investment,” Joe Manning, Managing Director at MIDAS, Greater Manchester’s Inward Investment Agency.

The companies will also be assisted with eco-system connects, introductions across stakeholders, and other hand-holding mechanisms to aid in “Faster Go-To-Market”. Nasscom will actively promote the proposition among its membership base.

Chris Woodroofe, Manchester Airport Managing Director, said in a statement, “There are already more than 3,60,000 people a year to travel from our catchment area to India and, as we progress towards re-establishing a direct air route, partnerships like this in key growth sectors will make an important contribution to strengthening our ties with what is a priority market.”

The Nasscom delegation currently in the UK is comprised of 25 Tech SMEs and is scheduled to visit locations such as Manchester, Birmingham and Bristol, other than London, to understand their unique value proposition each location offers.  (KNN Bureau)