On the Rise: Opportunity in the Mysuru Cluster

#doittheMYSURUway

Mysuru's tech story is one of remarkable transformation and immense promise. With investments pouring into the development of electronics manufacturing clusters, Mysuru is well on its way to earning the title "Semicon Valley of India."?

Comprising of Mysuru, Mandya, Ramanagaram and Chamarajanagar, the Mysuru cluster has attracted established names like IBM and Travancore Analytica, alongside a thriving startup scene with over 250 startups like Skanray, Sportiwe, and S3V Vascular Technologies.

?Anchor industries include Design Manufacturing (ESDM), Cybersecurity, Enterprise Services and Electronics Systems. Mysuru is the second largest software exporter in Karnataka. So what makes Mysuru succeed? And why look to Mysuru for the future?

Infrastructure and Ecosystem

1. Proximity to Bengaluru (~90 minutes) and connectivity across all major hubs.
2. The presence of major industry players like 印孚瑟斯 , 维布络 , Excelsoft Technologies , L&T Technology Services , Theorem and more support a thriving ecosystem.
3. Plug & Play and Support Infrastructure: K-Tech Innovation Hub,(CIF) powered by IKP and Silicon Road Ventures VC amongst other incubators and supportive infrastructure.
4. A vibrant start-up landscape and an overall cost advantage, saving on costs by 20 to 25% as compared to other metro cities.

Policy Enablers

1. Various industry-friendly policies like Investment Subsidies of up to INR 3 cr. for IT Hubs / Clusters, INR 2 cr. for Coworking spaces
2. PF / ESI Reimbursement, Power Tariff Concession, Patent Support (INR 2-10 lakhs)
3. Marketing Support, Quality Certification Incentives
4. R&D Support (Up to INR 1 Crore), with Single Window Clearance

Talent Pool and Cultural Capital

1. Over 90 Degree colleges, 18 Engineering colleges, 29 Polytechnic colleges, and 560 PU colleges.
2. Over 100,000 students and 40,000 Engineering and Degree College students.
3. Cultural Capital of Karnataka, offering work-life balance and a general ease of life.

The Mysuru cluster is steadfast in all the pillars of a thriving hub – enabling policy, resilient infrastructure, strong start-up landscapes and ecosystem, talent pool and cultural and social capital. The Mysuru cluster’s focus on education, connectivity, fostering entrepreneurship, and specializing in electronics manufacturing and cybersecurity makes it poised to play a significant role in Karnataka and India’s technological future.

Author - Nikita Tatachar , Intern at KDEM