Mysuru, January 10, 2025: The Software Technology Parks of India – STPI Hebbal facility, the new, state-of-the-art facility in Mysuru is rapidly establishing itself as a technology and innovation powerhouse. The new facility promises to be a strong growth impetus for businesses in Mysuru, especially for emerging IT companies, entrepreneurs, and innovators.
This The Software Technology Parks of India Hebbal facility, built with an investment of Rs 24 crore, is a major leap forward for the city’s IT/ITES sector, offering world-class infrastructure to foster innovation and support startup growth.
Located just off the outer ring road, the facility spans 2.3 acres and boasts an impressive 40,000 square feet of built-up area. It is designed to provide a conducive environment for both established businesses and startups. The main highlights of the space include:
Highlights of New STPI Hebbal Facility in Mysuru
104 Co-working Seats: Designed for maximum collaboration and flexibility, these seats are ideal for startups looking for dynamic workspaces.
7,000 Square Feet of Raw Space: Offering room for expansion and customization to meet specific business needs.
100-Seat Auditorium: Equipped for hosting large-scale events, seminars, and presentations, the auditorium is ideal for fostering knowledge sharing.
13-Seat Conference Room: A dedicated space for meetings and focused discussions.
Two 8-Seat Discussion Rooms: Perfect for brainstorming and small group sessions.
The facility is a plug-and-play setup with air-conditioning, 24/7 access, and high-speed internet, designed to give businesses everything they need to thrive from day one.
Mysuru’s Thriving Tech Ecosystem
STPI’s new Hebbal Mysuru facility is part of a broader initiative to support and grow the city’s technology sector. Since the facility’s operations began in Mysuru in 1998, the organization has played a pivotal role in fostering local innovation. Currently, 62 companies are part of the STPI Hebbal Mysuru unit, creating 8,000 direct employment opportunities in the region.
Export Growth Highlights
The growth trajectory of exports from The Software Technology Parks of India Mysuru has been impressive over the years:
2019-20: Rs 1,057.90 Crores
2020-21: Rs 757.83 Crores
2021-22: Rs 749.44 Crores
2022-23: Rs 875.25 Crores
2023-24: Rs 1,028.64 Crores
This demonstrates the region’s consistent performance in the export of IT and tech services, reinforcing the importance of such facilities like STPI Hebbal for the city’s economic growth.
Support for Startups: A Partnership for Success
Shivashankar B, Chief Executive of SJCE-STEP, highlighted that with over 300 fully-equipped IT-enabled seats, this new facility will become a cornerstone for startups in Mysuru. He emphasized that the city provides a perfect ecosystem for technology-based entrepreneurship, blending skilled talent with infrastructure and government support.
SJCE-STEP’s long-standing legacy of supporting startups since 1985 will work in tandem with The Software Technology Parks of India to provide more than just infrastructure. The collaboration will also offer mentorship, training programs, access to funding opportunities, and connections to investors, ensuring that startups have the resources needed to scale globally.
A Promising Future for Innovation
The The STPI Hebbal facility is poised to elevate the city’s status as a thriving hub for technology, research, and entrepreneurship. By providing cutting-edge infrastructure and a network of industry connections, it aims to accelerate the growth of IT startups and contribute to the overall economic development of the region.
