Visakhapatnam: Rural areas can also be an integral part of the Startup movement with basic facility like internet access, says one of the renowned publishing group OMICS International CEO Srinubabu Gedela.
A native of Srikakulam, and alumni of Andhra University and Stanford University (US) has turned a startup icon with his publishing group that started in 2007 minting crores now.
The OMICS international publishing group gives open and free access to about 700 journals. He claims to have 50,000 editorial board members in his publishing group.
Taking notice of the difficulty his colleagues were facing in accessing scientific information relevant to their research papers, he came up with this open access publishing group startup which has a turnover of about `600 crore now.
Mr Srinubabu is also a member of India Angel Investors. He has funded in 26 startups so far.
"I had invested `7 crore in Mera Events startup and got a return of 25 crore. Similarly, I got a return of `5 crore from Explora startup wherein I injected only `1 crore. With in two months, we are planning to open the Visakhapatnam chapter of the India Angel Investors, he said.
"We can have good ideas but documenting the idea and ensuring funding is a challenge. I observed that startups in Visakhapatnam need good mentors and exposure to investors. I hope we will fill that gap with the set up of Visakhapatnam Angel Investors," he added.
Our efforts would also be at promoting the startup culture in the rural areas. His publishing group is the major title sponsors for the StartAP Fest.
Government may provide infrastructure and facilities but at the end of the day, it’s an individual decision.