Nasdaq-listed Progress Software opens start-up incubator in India

Nasdaq-listed Progress Software Corporation to start a global incubator programme for start-up companies, according to the report by Business Line. The company is first testing the waters in India to launch the Pacific Incubator programme to encourage the early-stage start-ups to work on business applications built on Progress solutions. Besides providing work space for the selected early-stage start-ups, the programme also gives them the company’s Pacific platform to build their solutions.

The company is planning to extend the programme to cover 25 start-ups, seeing response to the initial phase. “They will get seats in the same space we are operating. Those interested in developing business solutions in cloud, mobile-based applications can join the fray. We have just called for applications. We will screen them and hope to start the programme in November,” Ramesh Loganathan, Vice-President (Products) and Managing Director, Progress Software India, told Business Line.

Progress engineers will mentor start-ups and provide them with access to markets. The Progress Pacific Incubator program will be extended to local universities as well. Progress President and Chief Executive Officer Philip Pead had earlier indicated that its India Development Centre would support application development projects for start-ups using the Pacific platform.

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