CM inaugurates expansion of Startup Village at Kochi

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Kochi: Startup Village, India’s first telecom incubator that has already grown big with swelling number of student entrepreneurs is all set to spread its wings by the space too. Inching further close to its ambitious target of having a one lakh sq. ft. campus by 2014 in its search for billion-dollar ventures from campuses, Startup Village today got an additional space of 10,000 sq. ft.

Kerala Chief Minister Shri Oommen Chandy, who formally opened the new building for the Startup Village at the Kinfra Hi-Tech Park near here, said the Government was giving greater importance to the demands and requirements of the Startup village in view of the fact that this technology hub would be a major centre providing larger employment opportunities. He also offered 25 cents of land for the Startup village at the Kinfra Park to meet its future needs.

Later, the CM switched on the high speed internet connectivity of one GBPS at the new 10,000 sq. ft. building allotted to Startup Village. This the first time that one GBPS internet connectivity is being made available anywhere in India, it was announced at the function.

Sanjay Vijaykumar, Startup Village Governing Body Chairman said, “As of now, we have a total of 359 applicants, a chunk of whom will soon become incubated companies at the Village. The new building will house six different innovation zones by as many companies, including giants like Blackberry, IBM, Oracle and KPMG who have already partnered with Startup Village. Another six firms will be able to set up innovation zones with this additional space. It will give further boost to entrepreneurs who build start-ups on top of these technologies.”

Sijo Kuruvila, CEO, Startup Village, informed that the campus already housed 68 incubated firms in an area of 5,000 sq ft, and that the new four-floor building, leased out by Kinfra can accommodate the operation of 250 to 300 companies. The premises will be fully functional within a week.”

Startup village which began functioning in April this year as a joint initiative between the Department of Science and Technology under the Government of India, Technopark Trivandrum and MobME Wireless.

Kerala IT News

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