Apple plans to set up startup accelerator in Bengaluru

Launching an ambitious plan to tap into India's startup ecosystem, the iPhone maker has announced plans to set up "design and development" startup accelerator in India's Silicon Valley, Bengaluru. Currently, the company strives to double down on India.

Apple CEO Tim Cook, who arrived in India late on Tuesday night, revealed that the new accelerator facility would help iOS developers create innovative apps for the company's customers globally and that the new facility would provide resources to support entrepreneurs.

Tim Cook is scheduled to meet Prime Minister Narendra Modi and other officials as part of his trip.

Apple said in a statement, "The company will establish a design and development accelerator in Bengaluru, the home of India's startup scene. Tens of thousands of developers in India make apps for iOS (foundation for iPhone, iPad and iPod touch). This initiative will provide additional, specialised support for them."

The company, however, did not divulge the investments for the initiative. The centre is likely to open in early 2017.