After the successful first phase of operations, Startup Village here is aiming to align itself with the Centre’s ‘Startup India’ programme in the second round during which it will scale up activity pan-India.
The ‘Startup India’ programme, to be launched on January 16th, is Prime Minister Narendra Modi’s ambitious project to strengthen entrepreneurship.
“In Phase I, we succeeded in creating a seed entrepreneurial ecosystem in Kerala. In the next five years we plan to support 10,000 campus startup teams across the country, completely digitise the incubation process and launch a new business model,” Chairman of Startup Village Sanjay Vijayakumar said.
A detailed report on the successful completion of Phase I had been submitted to the Department of Science and Technology (DST), Government of India, he said. Startup Village, India’s first PPP technology business incubator, had also taken inputs for Phase II expansion based on an independent third party audit by Prof Rakesh Basant, who teaches economics at IIM Ahmedabad.