Balaji Subhash Gandhi City Bangalore
Posted Sep 23, 2013 | Hits: 184 | Stock No: #2356
Be a catalyst for business and academia to enhance their existing collaborative arrangements.Provide employment for high-technology students and graduates.Actively anticipate and respond to demand from the business community.
Gandhi City, Bangalore is a Special Economic Zone (SEZ company) for Research & Development that envisions to accelerate the regionâ€™s growth as a leading-edge technology cluster, and propel it to the forefront of the knowledge economy, creating a high-tech node that complements other such centers in Karnataka and across India. Gandhi City, Bangalore was founded in 2006, by a team of professionals lead by Giri Devanur.
Giri Devanur created Gandhi City, Bangalore as an SEZ company to facilitate a research eco-system that will foster the development and commercialization ofintellectual capital. Giri Devanur believes that an SEZ company like Gandhi City, Bangalore can attract and retain world-class research and business skills in the Bangalore region and Karnataka state. Prior to Gandhi City, Giri Devanur was theCEO of Ivega Corporation, Bangalore. Giri Devanur has been involved in many start up ventures. Giri Devanur is a visionary who believes in investing in innovative ideas. Giri Devanur.has raised multiple rounds of funding through Private Equity and Venture funds. Giri Devanur believes that a SEZ company for research could help India tap the multi-billion dollar research process outsourcing industry. Giri Devanur also helps seed funding for innovative start ups.
Gandhi City for Advanced Research & Development, which has received approvals to set up the countryâ€™s first R&D based Special Economic Zone (SEZ), will shortly raise US $25million, as the first phase of investment for the project.
The company in a press release said, â€œTwo top Private Equity (PE) firms have already evinced interest in investing in Gandhi City, which is in the process of creating an ecosystemto foster collaboration between the industry, institutes and research organizations near Ramanagara, 30 km from Bangalore.