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2014-03-07

Record young entrepreneurs sign up for incubation programme at Startup Village

Startup Village has clocked a new milestone in February, with record 286 young entrepreneurs signing up for the incubation programme at the mobile-internet technology incubator - the highest number for any month.

Startup Village has clocked a new milestone in February, with record 286 young entrepreneurs signing up for the incubation programme at the mobile-internet technology incubator. The total number of applications at the incubator has reached 1,742 so far, and the number of startups supported is 540.



P K Kunhalikutty, minister for industries and IT, said the government will be setting up a technology incubation zone soon. "Our IT Policy, 2012 has laid out a vision for creating 3,000 startups by 2020 and we are confident of achieving it ahead of time. We have also decided to establish a technology incubation zone at Kinfra Hi-Tech Park and the first building for this is being set up," he said in a statement.



With more signups, the main challenge the Startup Village is going to face is infrastructure deficit, said Sanjay Vijayakumar, chief executive officer of MobME, the private partner in Startup Village. "We will approach the state government to further develop the infrastructure at the Village under PPP mode," he said.



"The success of companies like MobME has inspired many startups at Technopark TBI and now with new ventures succeeding at the Startup Village, we are literally in the midst of an entrepreneurial boom in the state," said Startup Village CEO Sijo Kuruvilla George. "Startup Village needs support from both public and private sectors to create infrastructure for accommodating new young entrepreneurs," he added.

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