Bengaluru, as it is now called from the old Bangalore, has earned many epithets – the Garden City of India and the Indian Silicon Valley, to name a few. But the latest in the pantheon is the Startup Capital of India. Little known, this capital city of the state of Karnataka in south India has also emerged as the education hub of the country. All these have drawn professionals, entrepreneurs, and students to the city, which has transformed the city into a cosmopolitan cauldron with business opportunities galore. With the rapid rise of entrepreneurship, the avenues for a business loan in Bangalore is wide open for the enterprising.

What makes Bangalore a destination for business?
The salubrious pleasant climate, ease of doing business and the enterprise of qualified professionals who throng to the city have transformed it into the biggest software exporters and the largest out-sourcing destination in the country. No wonder it is also the vibrant startup hub making India the third-largest country in terms of startup numbers. Economic stability and an encouraging eco-system facilitate extensive business and investment opportunities in the city. One of the fastest-growing cities in the country, Bangalore is home to highly profitable businesses that specialize in R&D, Software Production and Electronics.

Reasons for startups thriving in Bangalore:
Riding on several factors that have made Bangalore conducive to the business fraternity, it is the city which first put India on the global map due to its thriving software companies. Let us check the driving forces:

• Talent pool: The transformation of the city as the startup hub is a combination of the large, talented global engineer community, access to early-stage capital and discerning customer base working in tandem.
• The work culture: The city emerged with a unique culture that nurtures mentorship and networking that draws entrepreneurs with startup ideas to pursue their dreams.
• Launch-pad for startups: Bangalore is home to some of the largest software companies in the world. It acts as the right base for the birth of startups. The right environment is created by the Karnataka Information and Communication Technology (ICT) Group 2020 with a corpus of Rs.1KC for infrastructure development apart from the Rs.100C set aside for incubation of IT Firms and startups.
• Investor and entrepreneur rich: Bangalore has a high concentration of entrepreneurs as well as investors. Many software firms find it profitable to relocate here for the opportunities for growth.
• Abundance of qualified professionals: Unlike any other city in India, Bangalore offers the services of the best brains needed for startups that thrive on quality. Talent is expensive, and so is the source of funds. The city is home to about 70% of Venture Capital firms.
• The nursery of cutting-edge technology: The reputation of Bangalore is further cemented as a startup hub by the dozens of new enterprises churning out products in healthcare, education, retail, and information technology. These products are the finest examples of the use of cutting-edge technology.
• The startup success story: World Startup Report has credited Bangalore with 41% of all new ventures launched in India. It emphasizes the predominance of Bangalore as the startup hub of India in no uncertain terms.