With an immediate effect, the Kochi Startup Village has invited investors to be a part of the sensationally successful Village. The investment structure includes INR 100 crores in Angel funds, INR 50 crores in potential patrons and in digital platform each, which will boost further village’s reach towards global mentoring and fund raising too.
Started in April 2012 and supported by Department of Science and Technology, Government of India, Government of Andhra Pradesh, Technopark, Trivandrum and MobME Wireless , Village has been constantly moving towards its aim of launching 1,000 technology startups over the next ten years and start the search for the next billion-dollar Indian company. The current mentors for the village are Kris Gopalakrishnan, co-founder of Infosys and an IT entrepreneur from Kerala
The Startup Village Chairman’s talk:
Sanjay Vijayakumar, the Chairman of Startup Village said “Startup Village has sufficient land bank to expand its physical infrastructure. However, the amazing pace of growth in the start-up sector needs more reach and a digital platform would be the best way to cope”. He also added “digital platform would also help in turning the Student Entrepreneurship Project of the State government into a paperless project”.
Stats show it all how much startup village has been successful till date and expected round of investment will be used to take it to the next level, including building a million square foot of built-up space for a residential campus, where its residents would live, work and play just like the Stanford University model.