Kalamassery is the industrial area of Kochi, Kerala, India. Here a five-story building “StartUp Village” of Kinfra High Tech Park, is attracting the attention of the world. There are more than two hundred youths working 24 hours daily, nonstop on laptops. They are working for seventy companies they started themselves. They are the fresh graduates of Engineering degrees. Of these, 220 Owners are still studying for their degrees. The average age is 22 years. The earning capacity per owner is phenomenal to the tune of daily US$ 1600.
There are 659 supporting organizations with 2000 Owners working at other places around the Kerala State because of a shortage of space.
‘Startup Village’ was the idea of five youths who came together on being inspired by Kris Gopalakrishnan, on a platform and instead of jobs they were given an opportunity to follow their ideas for innovations, if, any.
There is good news here since last two years. Jacob Rohan Joseph, The Assistant Vice President, disclosed that this year, they are about to open their branch office of Startup Village Center in San Francisco, the headquarters of companies like Apple, Google, Amazon and Facebook. If these companies can do something from that place, we are doing the same from Kerala.
Source: Dainik Bhaskar
The name of Kris Gopalakrishnan, co-founder of Infosys is outstanding for all the activities from day one for these IT ventures.
Startup village is in a real sense the incubator of IT businesses to come up in India. The plan was to start at least one thousand companies. There were 940 applications received in the first two months as against the expectation of 1000 in the next ten years. After a thorough checkup, 324 companies were approved.
Startup Village focusses primarily on student startups and telecom innovation. It is India’s first incubator that is funded jointly by the public and private sector. As of October 2013, Startup Village has incubated 450 startups. The promoters of Startup Village are Department of Science and Technology, Government of India, Technopark, Trivandrum and MobME Wireless. Kris Gopalakrishnan, co-founder of Infosys and an IT entrepreneur from Kerala, is the chief mentor at Startup Village.
The response to the concept of ‘Startup Village’ is exciting and more youngsters are showing interest in investing their creativity and talent in Kerala with the coming up of the incubator in Kochi, an official said here today.
In January 2013, Startup Village and the Kerala government launched an initiative called SVSquare. Every year, the Startup Village panel would select promising young entrepreneurs from India and send them on an all-expense paid trip to the U.S. The aim is to expose Indian youth to the legendary startup environment in Silicon Valley. This will also give them a chance to interact with some of the famous tech gurus and entrepreneurs in the world.
Compared to the USA 2000 and China 1000, the Indian total was 65 for the start up product oriented companies. We need to change the trend from ‘Service Oriented companies to Product-oriented companies. This was disclosed by Sanjay Vijay Kumar of India’s business incubators.
Much information can be gathered from the following link up for the good days to come and achieve like the giant’s companies like Facebook, Apple and Blackberry.
All this possible in not too distant future. Here is good luck for ‘Searching for India’s billion dollar startup. Click here to find more about this.
via – Wikipedia