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Kerela launches World’s First Digital Incubator for Students

08/07/2016

Kerala Chief Minister Pinarayi Vijayan, Infosys co-founder Kris Gopalakrishnan, who is also the chief mentor of Kochi Startup Village, and others will launch the world’s first digital incubator for student startups, in Thiruvananthapuram on July 13.

According to the report, Kochi startup village said that the country needs more than one million new jobs a month for the next 20 years to employ all its youth and these jobs would mostly come from new startups if the right environment is created.

It said the Digital Incubator, which was built over the last 12 months, has already received more than 1,000 applications from students from across Kerala as well as towns like Vadodara in Gujarat and Vishakhapatnam in Andhra Pradesh in its beta stage.

Gopalakrishnan said that students can now form teams and apply for admission to the digital incubator. Once selected, they will be guided right from selecting an idea to building a prototype and its launch to early customers within six months. Based on whether customers like the product, teams can then graduate to incubators, accelerators, raise Angel Funding, and even get acqui-hired as a team or hired to other startups or go for higher studies.

The Start-up Village Phase 2 is in tune with the Prime Minister Narendra Modi’s Start-up India programme and will focus on creating an entrepreneurial culture amongst the country’s five million engineering students by providing them a completely digital incubation framework.
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