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Startup Village takes a virtual leap (https://www.sv.co)

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The Hindu | M.P. Praveen |

After successfully completing its first phase, the Kalamassery-based Startup Village (SV)), the country’s first public-private-partnership model incubator, is now migrating to a virtual platform to overcome the challenge of space constraints.  With around 7,000 applications pending and space available for 50-odd at a time, the incubator has gone for an online education-cum-entrepreneurship platform . While it is officially set to be launched only in January, the online platform is already up and running and 20 student start-ups having already been selected. It will also facilitate link-ups with venture capitalists and mentors from India and even Silicon Valley over Google Hangout, ensuring access to all eligible start-ups. “The SV.CO platform is designed in a way that any first-time entrepreneur anywhere in India can take advantage of the knowledge and resources built up by SV in the last four years”, said Pranav Kumar Suresh, CEO, Startup Village. SV.CO has already reached tie-ups with four universities – Gujarat Technological University, Jawaharlal Nehru Technological University, Kakinada, Jawaharlal Nehru Technological University, Anantapur and Kerala Technological University — over its online platform.

Students from anywhere can learn entrepreneurship using the modules in the online platform and eventually set up start-ups and get certification or a minor in entrepreneurship. Set up in 2011 with the support of the Union government’s Department of Science and Technology (DST), which sanctioned Rs. 2.50 crore for the project, Technopark TBI (now KSUM) and Mobme Wireless, SV was supposed to create 48 start-ups in five years. This feat was achieved even before the time frame and hence the first phase stands completed. As part of its transition to the online platform in the second phase, physical infrastructure of 15,000 sq.ft used by the SV along with its utilities has been handed over to KSUM on completion of the first phase of the project.

“It is just the transition phase. The entity of SV still exists so as its knowledge partners and in the second phase it has set more ambitious goals by shifting to the online platform to reach out to more,” said Mr. Suresh.  The handing over of physical infrastructure is cited as part of efforts to ensure uniformity in technology incubators by bringing them under KSUM in conformity with the Kerala Startup Policy.  However, the arrangement will not in anyway affect the existing start-ups physically incubated at SV. The virtual start-ups can access the online platform even now. Mobme Wirless will invest funds required for setting up the online avatar of SV and KSUM will continue its support as per the Kerala Startup Policy, while a meeting with DST in January is likely to give an idea whether it would opt for a continued knowledge partnership or to give it a sign of approval. – Courtesy  /     About Startup Village  –Startup Village aims to bring the tools and resources to create great startups to every founder in India. We believe that amazing technology startups should not be restricted to big cities, and that everybody can build products: even while you are still in college.We’re best known for our inclusive public-private partnership incubator based in Kochi that has won numerous awards and created stellar startups. The incubator was started in April 2012 as a joint partnership with the Government of India through the Department of Science and Technology, Technopark TBI and our host-institute, MobME Wireless. Building on our knowledge acquired from mentoring startups, we’re now launching an online-first learning platform for first-time founders. SV.CO is the first learning platform for entrepreneurship that verifies results & rewards founders with a real degree by partnering with recognized Universities. – Click here to visit …https://www.sv.co/

Introduction to SV.CO – YouTube Video –  http://www.youtube.com/watch?v=EdToj9nviYA


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