French minister Jean-Marc Ayrault visits incubator NUMA in Bengaluru
Bengaluru, 9 January 2017
The start-up accelerator, NUMA Bengaluru, is a joint venture founded in 2015, with the Indian company Cobalt, which offers co-working spaces, owning two-thirds and NUMA one-third. Cobalt was established by Mr Naresh Narasimhan, an architect by profession.
NUMA Bengaluru also houses one of the three start-up accelerators of Airbus, Airbus BizLab, the other two being located in Toulouse and Hamburg.
NUMA was established around fifteen years ago in Paris under the name “Silicone Sentier”, a not-for-profit organization bringing together innovative start-ups of the Sentier locality. It was rechristened as NUMA (neologism made up of ‘numérique’ standing for digital and ‘humain’ standing for human) in 2015 after adopting the status of a limited liability company, following several fundraising campaigns that garnered them a total of 4 million euros.
This start-up ecosystem and accelerator à la française already has many achievements under its belt. Since 2000, NUMA has “accelerated” around 120 start-ups, 83% of which are still operational or have been acquired. Its total portfolio has been valued at 140 million euros.
In 2015, NUMA decided to global and opened five branches: Moscow, Casablanca, Barcelona, Mexico and Bengaluru.