India’s first Telecom incubator Startup Village to take off in Kochi this Sunday

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Kochi: India’s first public-private partnership incubator, Startup Village, is all set to take off at the Kinfra Hi-Tech Park at Kalamassery near Kochi on April 15, 2012. Infosys co-founder Kris Gopalakrishnan, who is also the chief mentor of the Startup Village, will formally open the incubator that seeks to emulate Silicon Valley by transforming Kerala into Silicon Coast and begin a search for a billion dollar tech startup out of Indian campuses.

Startup Village is being set up jointly by up by the National Science & Technology Entrepreneurship Development Board (NSTEDB) under the Department of Science & Technology (DST), GoI and the Kerala Government run Technopark, in collaboration with MobME Wireless – a private firm which began as a student start-up and broke into bracket of top ten emerging telecom companies in the country.

Startup Village, also the country’s first technology business incubator in the telecom sector, will also launch an unique green initiative called Entrepreneurs Garden.  Along with incubating 1,000 tech start-ups and enhancing technology ecosystem, the incubator also plans to nurture more than 1,000 trees in the hi-tech park. 

In a release, Sanjay Vijayakumar, Chairman, Board of Governors, Startup Village said, “Startup Village is an attempt to create a complete technology ecosystem by changing the education policy, incubating ideas, accelerating them with specific industry support and angel funding at one location for the first time in India.”

Startup Village is being projected as the largest national attempt to scale up innovation in the country through incubators in collaboration with the private sector, tap huge potentials unfolding in the telecom sector and transform students as successful job-creators instead of job-seekers. India’s telecom and IT industry is supporting this bold initiative in different capacities by joining the project as mentors and investors.

To be equipped with full 4G network, telecom labs, innovation zones, legal and intellectual property services, fully furnished offices spaces and video conference rooms, Startup Village will give a host of perks from three-year service tax holiday to funding opportunities for tech startups to build, break and innovate.

Kerala IT News

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