Kochi: Startup Village, India’s first telecom technology incubator, is set to host the regional round of the prestigious BizSpark India Startup Challenge held by Microsoft on May 29, 2013, to search for entrepreneurs with the most innovative ideas in the areas of cloud computing, mobile applications and Windows 8 business applications.
For the first time Kochi has been selected as one of ten cities to host the challenge. Winners of the regional rounds will go head-to-head in the national grand finale to be held in Bangalore. The competition offers cash awards totalling 70,000 USD and non-cash prizes worth two million USD.
“Microsoft’s choice of Startup Village as the host for the challenge is not just an acknowledgement of the tremendous strides we have made over the past one year, it also heralds the arrival of Kochi on India’s entrepreneurial map,” said Sijo George, CEO of Startup Village, in a release.
Sanjay Vijayakumar, Chairman of the Startup Village Board of Governors, said the event signifies the growing prominence of Kochi and Kerala as a hub of innovative technology companies. “This is a huge opportunity for the start-ups that are confident their products can create a buzz in the market. The basic objective of the challenge is to scout for a business plan that is innovative and has scalable market potential,” he added.
Registered contestants of the Microsoft BizSpark India Startup Challenge 2013 will be required to present their business plans that include everything from market analysis to competitive overview and financial projections, before a high-profile jury. The contestants will be evaluated based on the ingenuity, creativity and innovativeness of their business plan, its market potential and the management capabilities of the team.
Microsoft describes BizSpark as ‘a global programme that helps software start-ups succeed by giving them access to Microsoft software development tools, connecting them with key industry players, including investors, and providing marketing visibility to help entrepreneurs starting a business’.
Microsoft had earlier chosen Profoundis, one of the companies being fostered by Startup Village, for its accelerator programme.
Kerala IT News