Will Narayan Murthy soon become a Mentor to Goan Startups?

Goa’s Economic Development Corporation (EDC) team is working hard to make that happen.

Goa is giving all it’s got to become the country’s hottest Startup center. Only recently NITI Ayog selected Goa Institute of Management (GIM) to become an Atal Incubation Centre and gave a 10 crore grant for the same. Now, it seems that the Prince of Indian IT start-ups himself – Mr. Narayan Murthy – founder and chairman emeritus of Infosys Limited… might also lend a warm helping hand to this dream. It seems the Economic Development Corporation (EDC) Limited officials met up with Mr. Murthy and he seemed positive about a proposal to partner with the Goa government in mentoring start-ups.

Sidharth Kuncalienkar, chairman of EDC is reported to have said, “We met up with heads of several IT companies to garner support for our incubation center and the meeting with Mr. Murthy was favorable.”

Narayan Murthy and Goa EDC team
Narayan Murthy and Goa EDC team
Pic Credit: Navhind Times

Mr. Kuncalienkar and his team will also be meeting with the CM of Hyderabad and the Telangana Chief, for the same purpose. His team comprising of himself, Santosh Kenkre – vice chairman, Sandip Bhandare – director, Surendra Vernekar – managing director, and Ryan Carvalho… have been working hard to get support from top-notch companies and professionals in the existing IT hubs such as Bangalore and Hyderabad. They plan to accelerate the entry of the knowledge-based industry into Goa and get the most out of the opportunities posed by the recent proposal for an Atal Incubation Centre.


Their Incubation Center in Goa will have space for 40-45 start-ups. In addition to the 10 Crores grant, it could also be financially supported by way of funding from the Chief Minister’s Rozgar Yojna (CMRY) scheme and other government schemes.

In a state with the highest per capita income, and one of the highest literacy and education levels this comes as no surprise. If you thought of Goa, only as a holiday resort economy, think again. Goa might soon become the next addition to Bangalore and Hyderabad…as a top-notch IT hub in India.

Wouldn’t that be something? They say you need to have a susegad state of mind to make any real technological breakthroughs. Ask Albert Einstein.

Image and information source: Navhind Times,

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