Technopark TBI to launch ‘Open i Space’ to promote young entrepreneurs


Trivandrum: Giving an impetus to the start-up revolution in Kerala, the Technopark Technology Business Incubator (TBI) is setting up an Open Innovation Space, ‘Open i Space’, on its campus in Thiruvananthapuram for innovators and young student entrepreneurs.

Minister for IT & Industries, Shri P K Kunhalikutty will inaugurate the project in the presence of Chief Minister Shri Oommen Chandy at a function to be held in Thiruvananthapuram today.

The inauguration of ‘Open i Space’ will be held on the sidelines of a function to mark the formal announcement and logo launch of Young Entrepreneurs Summit (YES) by the Chief Minister. YES , a key initiative included in the State Government’s ‘Mission 676’, will be organised by KSIDC, in association with Kerala IT, Technopark, Technopark TBI, Infopark, KINFRA, Startup Village, TiE and the Confederation of Indian Industry (CII), in Kochi on September 12.

The ‘Open i Space’ startup space will provide plug and play facilities with four to twelve seats, along with Wi-Fi Internet connectivity, to young entrepreneurs who want to set up their IT ventures at Technopark, Trivandrum. The Open Innovation Space is a joint initiative of Technopark-TBI and RIW (Rajdhani Technologies – Istrian Technologies – Waybeo Ventures).

Dr. K C Chandrasekharan Nair, MD of Technopark TBI said, “The TBI mooted the project due to insufficient space for start-ups. Out of the 190-odd start-ups, around 40 firms share virtual space at the TBI. Now we have over a thousand applications pending for allotment of space. By setting up the Open Innovation Space, we hope to provide them with a real facility to work from.”

The ‘Open i Space’ huts will also offer 50 free email IDs, software licenses, virtual work spaces, servers, cloud infrastructure and other hardware requirements for start-ups at a minimum monthly cost. Concepts like Bring Your Own Device (BYOD), Platform As A Service (PAAS) and Software As A Service (SAAS) will also be promoted. In addition, the Park will provide Data Farm, which provides data storage facility to companies operating in the campus at a much lower cost with support from HP Cloud services and IBM BlueMix for which the T-TBI has already signed MoUs.

Kerala IT News