Apex IT industry body Nasscom will set up a warehouse in port city Visakhapatnam under its -?10,000 Startups? initiative to nurture technology entrepreneurs with innovative ideas. The entrepreneurs will be mentored and funded by venture capitalists and other investors under the Nasscom initiative. The industry body signed a memorandum of understanding in this regard with the Andhra Pradesh government in the presence of Chief Minister N Chandrababu Naidu. The warehouse will provide a co-working space for start-ups to be housed for 6-month incubation terms, create a co-working space for entrepreneurs to use on a daily/weekly basis. There will also be well-equipped community events for meeting with investors and venture capitalists.