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Chief Minister Pramod Sawant, IT Minister Jennifer Monserrate, chairman of the Dempo Group of Companies Shrinivas Dempo and Biz Nest founder Abrar Shaikh are seen at the inauguration of the ‘MeWo – Meetings and Co-working’ – on Thursday at the Dempo Trade Centre, Patto Plaza, Panaji.

We are ready to modify startup policy to woo IT firms: Sawant



Stating that the startup world is changing, Chief Minister Pramod Sawant on Thursday said the state government is willing to modify its startup policy so as to bring IT companies into Goa.

On Thursday, the Dempo Group of Companies, one of the leading industrial houses of the state, set up a facility called ‘MeWo – Meetings & Co-working’ – for IT startups in collaboration with Biz Nest, a Mumbai-based company. 

It is the first initiative by the private industry in the startup sector.

Launching the MeWo co-working facility, Sawant said that co-working spaces are the latest trend in the IT world, and it is good thing that the private industry has taken

the initiative towards it.

“People are coming up with new business ideas. Although we have a startup policy in place we are ready to change it if people come with different ideas. We are ready to accommodate all startups in our policy,” Sawant said.

He pointed out that privately-funded facilities play an important role in boosting the local IT infrastructure. 

The Chief Minister was speaking in the presence of IT Minister Jennifer Monserrate, chairman of the Dempo Group of Companies Shrinivas Dempo and Biz Nest founder Abrar Shaikh.

By bringing outside startups into the state the co-working facilities will stop Goans from migrating, as the facilities would help the youth gain experience within the state, Sawant said.

Monserrate said that co-working facilities are a great idea as unit owners do not have to worry about making the capital investment for office premises.

Speaking on the MeWo facility, Dempo said that it is his first project in the IT sector. The industrialist, who is also a member in the state Startup Council, said the co-working venture space would help address the deficiency in the startup culture in Goa.

“The government wants to create jobs by promoting self-employment. This facility will give Goans gainful employment and also help them in starting new business,” Dempo said.

He added that the group is keen on taking the venture forward and replicate the co-working model all over the state and take it to hinterland locations.

Dempo revealed that the co-working facility already got two startups registered with it; of which, one startup is providing employment to eight Goans.

MeWo, the co-working space, located in the Dempo Trade Centre, Patto, Plaza, offers working space in different configurations.

The facility is also ready to offer free incubating service to innovative startup, Shaikh said.

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