Startup Village to start ops in Visakhapatnam
The Startup Village does not plan to screen applicants in the initial phase
Kochi: The Startup Village, a Kochi-based private public partnership initiative that runs a business incubator here, will launch its operations in Rishikonda in Visakhapatnam this week and hopes to replicate its success in Kochi.
“Our team will start functioning from Wednesday and we will have a formal launch by December 10,” Startup Village chief executive officer Pranav Kumar Suresh told Deccan Chronicle in Kochi on Saturday.
The incubator has already received more than 50 applications for the 130-seater facility in which it can accommodate about 30 startups. “We are looking for young entrepreneurs with workable ideas for products in domains such as internet, telecom, internet of things, animation and creative work,” he said.
The Startup Village does not plan to screen applicants in the initial phase. “We shall try and give everyone some space at some point in time. They can come, work in their chosen field, interact with peers and discover what works and what does not,” he said.
The Startup Village, essentially a plug-and play facility, provides an ecosystem where young men and women inspire each other in a business-like environment. “We have listed a team of reputed industrialists as mentors for the companies,” Suresh said.
The Startup Village has incubated 57 companies and supported 679 ventures in Kochi in the last 30 months and is looking for a similar feat in Visakhapatnam.
“We had to start from the scratch in Kochi but the Andhra Pradesh government has already announced a startup and innovation policy and has allotted us space. This will help us start operations from day one,” he said.
