Startup Village inks pact with Finland’s hi-tech hub – ACE


Kochi: Startup Village today sealed a path-breaking technological collaboration with Finland’s acclaimed hi-tech hub, Aalto Centre for Entrepreneurship (ACE), giving a cutting edge to its aspirations to churn out billion dollar start-ups from Indian campuses. The tie-up, formalized at Espoo, marks a milestone in the Indo-Finnish efforts to strengthen bilateral relations in the field of technology, initiated by both the governments with the formation of a joint working group and visit of ministerial delegations.

Apart from opening a floodgate of opportunities for Indian start-ups at the Kochi based Startup Village and beyond, the Memorandum of Understanding (MoU) is expected to give a massive fillip to the joint drive for future innovations by harnessing Finland’s prowess in product technology and India’s frugal innovations.

Sanjay Vijayakumar, Chairperson of Governing Board of Startup Village, inked the MoU with Tapio Siik, head of ACE, in the presence of a host of dignitaries who are part of a high level delegation led by the Department of Science & Technology (DST) currently visiting Finland.

ACE, under the Aalto University, is known for incubating game-changing start-ups, while Startup Village, the first incubator in the public-private partnership mode in the country, harbours ambitions of grooming billion-dollar ventures from Indian campuses.

“Finland is the powerhouse of product technology and is home to world leaders, especially in telecom, while India is emerging as the most fertile place for innovative ideas and a happening hub of start-ups. The collaboration is going to be a major initiative to harness the synergies on both the sides”, commented Sanjay.

The momentous collaboration will facilitate joint innovations in the field of new technology, science-based business creation and technology transfer, besides giving the Indian start-ups an exposure to cutting edge product technologies. The two sides will also explore exchange programmes by hosting ACE mentors in the field of technology. Significantly, the two parties will find ways for Startup Village to host Aalto’s AppCampus and other events, an initiative which can be highly beneficial for the start-up companies across India. AppCampus is a 24-million-dollar mobile application programme set up jointly by world leaders Nokia & Microsoft and managed by ACE.

Kerala IT News


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