wordpress blog stats
Connect with us

Hi, what are you looking for?

Startup Village Gets Rs 150 Crore Investment To Improve Its Infrastructure

Startup Village

Kochi based public private telecom business incubator Startup Village has received Rs 150 crore investment from the Department of Science and Technology (DST) and the Kerala government, reports TechCircle. Startup Village chairman Sanjay Vijayakumar told the publication that both DST and the Kerala government have allocated an investment of Rs 75 crore apiece.

They plan to use the investment to improve Startup Village’s infrastructure and help other non-member startups and entrepreneurs in the state. Vijayakumar said they are currently incubating 400 startups, of which 350 are virtual incubatees and this investment will allow them to build a 5-lakh square foot (sq ft) structure at Startup Village, through which it can incubate more startups physically. It hopes to incubate around 1,000 startups in the next few years.

Setup in April 2012, Startup Village was launched in a public-private partnership model between Department of Science and Technology, Government of India, Technopark Trivandrum and mobile VAS company MobME Wireless. The company had received 10,000 sq ft additional space in November 2012 and was hoping to setup a one lakh sq ft campus by 2014.

It currently has an incubator, an accelerator and a $10 million angel fund, for which it received SEBI’s approval in May 2013. Some of Startup Village incubatees include the social music sharing app #nwplyng, branding studio WowMakers, online and mobile payment system Payd, citizen centric mobile app development firm MindHelix, iTraveller which provides a cloud based ERP for tour operators and travel agents, Profoundis Labs which provides business analytics and optimization solutions to enterprise, social decision making platform DecideQuick and others.

Other Accelerators and incubators in India include The Morpheus, The Startup CenterGSF India, Microsoft Ventures India, TLabs500 Startups, CIIE’s iAccelerator, and Venture Nursery among others.

Advertisement. Scroll to continue reading.

RelatedKarnataka Govt Proposes Rs 15 Cr Angel Fund, Incubation Centers & Bio Accelerator

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ