Kochi: The Startup Village here received a shot in the arm today with the Kerala State Electricity Board (KSEB) formally opening its innovation zone within the Startup Village to improve the energy situation in the State by exploring new ideas and developing cutting edge technologies.
Inaugurating the zone, Minister for Power & Transport, Shri Aryadan Mohammad, hoped that the new technology solutions to be developed at the Startup Village will benefit the KSEB to improve its efficiency in all areas of its operations.
Already 15 students have come up with technological ideas to associate with the KSEB innovation zone and their selection process will be handled by the KSEB officials in association with the Startup Village technocrats.
KSEB Chairman, M Sivasankar, who offered felicitations at the function later visited the 3rd floor of the Startup Village building where the innovation zone, powered by the KSEB is to function, and expressed happiness at the facilities already provided to accommodate nearly 100 young entrepreneurs to incubate their ideas.
He also signed one-year agreement with Startup Village Chairman Sanjay Vijayakumar, obligating both the sides to partner the venture, which will be a landmark in the development of an innovation ecosystem in the country.
The zone, coming up at a space of 2,500 sq ft, will train people in the skills required to launch businesses in and around the energy sector. Apart from the operational funding, KSEB will also extend technical and non-technical support while Startup Village will develop, own and execute the programme.
Startup Village will offer incubation support to the selected participants through its Mentor Panel and Partner Network. It will also ensure that the progress of the venture happens in a timely manner.
The innovation zone will work in line with the National Electrical Mobility Mission 2020. The zone will give practical exposure to entrepreneurs to work together with KSEB to find out industry problems faced by the power sector, develop indigenous technology solutions and utilize the domain expertise of KSEB to build home-grown solutions, which can then be deployed in other States and countries.
Kerala IT News