Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-06-24

KSEB to fund six innovative start-ups

Six innovative projects presented before Energy Open Innovation Zone (EOIZ) of the Startup Village in Kerala have been selected for funding by the Kerala State Electricity Board (KSEB), which has earmarked Rs 1.5 crore for them.

Six innovative projects presented before Energy Open Innovation Zone (EOIZ) of the Startup Village in Kerala have been selected for funding by the Kerala State Electricity Board (KSEB), which has earmarked Rs 1.5 crore for them.



The projects selected were Automatic Power Machine developed by Varun Kurup, Eco Solar Water Pump by Surish, Drive and Rack System for Ocean by Shaji V V, Floating Solar Plant by Ajay, Hydrogen Stove by Vimal Gopal and Energy from Flowing Water by Durga Prasad, a press release said.



Once the projects become viable business models, the KSEB intends to replicate them across the state.



EOIZ, being promoted by the KSEB in association with the Startup Village, will help the six young innovators develop their innovations as viable business models in the field of power generation, distribution and conservation.



"We are happy that the KSEB has opted for Startup Village to get innovative ideas in the power sector. They have earmarked Rs 1.5 crore for funding different innovations for pilot runs and prototyping. We also want the youngsters to come out with innovative ideas to promote solar energy," said Sanjay Vijayakumar, Chairman, Startup Village.



The projects were selected from 41 applications which were screened by a project appraisal committee and finally selected by an oversight committee comprising senior KSEB and the startup village officials.



Sanjay Vijayakumar said EOIZ would also provide seed funds to 10 final year projects of B.Tech students that too have the potential to be developed as viable business models.

Related opportunities
  • Quick Service Restaurants
    THE BURGERS NATION – brings the golden opportunity to start..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: Conceptualized in Malaysia, Papparoti specializes in a unique mouthwatering..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 30lac - 50lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Dhaba Cafe is a complete food hub with two..
    Locations looking for expansion Madhya pradesh
    Establishment year 2008
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
  • School Tutoring
    About Us: Nava Vision is a company based at Bengaluru, India. Nava Vision..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater BENGALURU Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts