SIDBI joins hands with Incuspaze to open coworking space for MSMEs and startups

The fully furnished office space is equipped with training and conference room, fast-speed internet, reception, refreshment, recreational area, housekeeping facilities etc.

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The coworking space, called @Workspaze is located at 1, Tolstoy Marg, Connaught Place, New Delhi.
In a bid to enhance the business ecosystem for MSMEs and startups, Small Industries Development Bank of India (SIDBI) has partnered with Incuspaze Solutions Private Limited (Incuspaze) to open a first-of-its-kind coworking space exclusively designed for MSMEs and startups.

The coworking space, called @Workspaze is located at 1, Tolstoy Marg, Connaught Place, New Delhi. The initiative that intends to be a market-maker for its segment is only 50 meters away from Barakhamba Metro Station.

“This is yet another initiative of ours to handhold entrepreneurs who are at the initial stage of their entrepreneurship journey. During the first 18 months of entrepreneurship journey, an enterprise may face several challenges. At SIDBI we want to handhold entrepreneurs during this period so that they have a smooth ride in their venture. Our aim is to expand the scope of @Workspaze even in other key cities of the country. We have already started work on a similar arrangement in Mumbai,” said Mohammad Mustafa, IAS, Chairman and Managing Director of SIDBI, in a statement.


The fully furnished office space is equipped with training and conference room, fast-speed internet, reception, refreshment, recreational area, housekeeping facilities etc.

Under this arrangement, an MSME accelerator programme is proposed to be started shortly by SIDBI for the MSMEs and startups who will set up their offices in @Workspaze.

Sanjay Choudhary, Founder and CEO of Incuspaze Solutions Private Limited, added, “We believe that this partnership will open route of opportunities for new as well as established businesses. We synced our ideologies with SIDBI to facilitate a hassle-free coworking environment for MSMEs and provide resources to build strong connections with other industries to create ideas and develop business. We look forward to a long and fruitful association.”
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