Startup Village to ink MoU with Finland’s Aalto University

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Kochi: India’s first telecom incubator Startup Village, which is on a mission to groom billion-dollar ventures from campuses, and Finland’s Aalto Centre for Entrepreneurship (ACE), the world-class hi-tech hub noted for churning out game-changing products like Angry Birds, are joining hands to drive the future innovations by harnessing synergies in both the countries.

Startup Village will formally sign a Memorandum of Understanding on September 6, 2012 in Finland with Aalto University, under which ACE works, to maximize exposure to cutting edge product technologies to Indian start-ups, drive innovative ties, and pave the way for future industry collaborations.

Sanjay Vijayakumar, Chairperson of the Governing Board of Startup Village, will sign the MoU with ACE authorities in Helsinki as part of the technology collaboration between India and Finland at the highest level. He will be visiting Finland as part of a high-level delegation under the aegis of the Department of Science & Technology DST), Government of India.

In the run-up to formalising the collaboration that would open new vistas of opportunity to the aspiring companies in the Kochi based incubator, Riku Makela, Director, FinNode India Counsellor (Innovation), Embassy of Finland, New Delhi, will visit Startup Village here soon and meet its management team.

Apart from taking the Finnish technology to Indian markets and forging collaborations between the industries, the MoU will give an opportunity to work with App Campus, the $ 24 million mobile application programme set up together by Nokia and Microsoft.

Sijo Kuruvilla, CEO, Startup Village said, “ACE has been rated as one of the most vibrant hubs for start-ups. Finland is also known for its product technologies. It comes as a big boost to our aspiration to nurture billion-dollar venture from Indian campuses. The tie-up will open up a slew of opportunities in the form of mutually beneficial technological collaborations and funding.”

The Indian delegation will be headed by H K Mittal, Advisor & Head of the National Science & Technology Entrepreneurship Development Board (NSTEDB) under DST. The delegation will visit Finland from September 4 as part of the bilateral collaboration to promote innovation ties.

Kerala IT News

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