Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
..
Tech
News18 » Tech
2-min read

'World's First' Digital Student Incubator Goes Online

SV.CO is the digital makeover of Startup Village, designed to help college-goers take their first step in entrepreneurship.

Press Trust Of India

Updated:July 14, 2016, 4:41 PM IST
facebookTwitterskypewhatsapp
Hajime Malware, Internet of Things Network
The source of infection was primarily found to come from Vietnam, Taiwan and Brazil. (Image: Xaume Olleros/Bloomberg via Getty Images)

Thiruvananthapuram: A digital student incubator, claimed to be the world's first, has gone online with Chief Minister Pinarayi Vijayan unveiling SV.CO, the digital makeover of Startup Village, designed to help college-goers take their first step in entrepreneurship.

"The government's allocation for startups at Rs 300 crore is the highest to date in Kerala and higher than that of the Centre's Department of Science and Technology," the Chief Minister said at a function here yesterday.

Vijayan also announced a five-step strategy for students, world class infrastructure on par with Silicon Valley, world class communication infrastructure, world class talent pipeline, world class funding infrastructure and world class incubators in PPP model like Startup Village.

"The state will fund 1,000 startups every year with Rs two lakh for converting ideas to prototypes. The best prototypes will be given Rs one crore interest free loan to convert the prototype into a successful startup," he said.

SV.CO, the world's first digital business incubation platform that constitutes the second phase of Startup Village, is India's first PPP model technology incubator set up in Kochi in 2012.

During its first phase 2012-15, it supported more than 500 startups and helped create 3,000 jobs.

With SV.CO, the Startup Village will scale up its activities massively by reaching out to five million students in 3,500 engineering colleges across the country by providing them a completely digital incubation framework, ranging from application for admission to teaching, mentoring and graduation, a press release said.

It will thus provide opportunities to brilliant students in far-flung cities and towns who may not have access to physical infrastructure or the mentoring they need in the early stages of entrepreneurship, it said.

In tune with the Prime Minister's Startup India initiative and with a go ahead from the Department of Science and Technology, SV.CO provides one month free training to students in entrepreneurship on its online platform, it said.

Students can form teams and apply at www.sv.co and once selected, they would be guided, right from picking an idea to building a prototype and its launch to early customers in 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 release added.

"SV.CO is venturing into unchartered territory and creating a new model of how to go beyond physical space to reach out to potential entrepreneurs across the country and offer them mentorship, networks and infrastructure," Infosys Co-Founder and Chief Mentor of Startup Village, Kris Gopalakrishnan said.

Twenty teams which completed incubation in the beta phase of SV.CO saw huge success in getting admitted to Zone Accelerator in Mumbai, getting acqui-hired by Tally or landing handsome jobs in leading startups like Ola and Free Charge.

"We are trying to create an ecosystem of providing students with global exposure, so that mindsets can change, said Startup Village Chairman Sanjay Vijayakumar.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results