Visakhapatnam: A favourable eco-system is crucial for startups to translate their ideas into business. However, the young entrepreneurs in the port city are not only finding it tough to get only funding, but even rented accommodation for office space too.
As the government-run Sunrise startup incubation centre on the Rushikonda IT Hills provides ‘plug and play’ co-working office space for a limited time (6 months to -one year), they have to make arrangements on their own once they leave the incubation centre.
Besides, most of the wannabe tech entrepreneurs with good business ideas are availing ‘plug and play’ co-working office space at the incubation centre. However, a few startups, that too only tech-based not service-oriented are being given a chance there. As a result, some startups are trying to rent house to use for both office and accommodation purposes. The young entrepreneurs coming from other districts are finding it tough to get a rented house or flat.
In most of the cases, the landlords are reluctant to rent out their premises to young entrepreneurs apprehending that they won’t pay the rent regularly and also fearing trouble from bachelors. Besides, the youngsters have to answer all details regarding their food habits, marital status, job, timings and family.
“As the rent is high in commercial areas of the city, the startups at early stage prefer to rent a flat in residential areas and use it for both office and accommodation. However, the landlords are not renting out their premises to the young entrepreneurs. There is very limited office space in Vizag and that too very costly,” said Alok, promoting startup culture in the city.
