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Andhra Pradesh To Get A New Startup Incubator – Technology Research & Innovation Park

Andhra Pradesh To Get A New Startup Incubator – Technology Research & Innovation Park

The Indian startup scene is getting bigger every moment, with startup raising funds every week, there has been a lot of activity at the ground level so as to provide support to these startups. Be it by launch of new accelerators, incubators or funds by government to boost the startup activity in the country.

Continuing the trend, the AP government is going sign a memorandum of understanding with the chairman of Startup Village, Sanjay Vijayakumar to launch the first incubator in Andhra Pradesh.

The new incubator will work with a broad spectrum of stakeholders, including universities, colleges and students along with industry and private partners, to build a world-class startup ecosystem in AP.

Chief Minister Shri N. Chandrababu Naidu will formally inaugurate the startup project on the Public Private Partnership (PPP) model at the Technology Research and Innovation Park (TRIP). The facility would be spread over 17,000 Sq Ft of fully furnished startup space at Ruchikonda (Madhurawada Hill No. 3) in Vishakapatanam.

Since its launch Startup Village has attracted over 5,000 applications and incubated more than 800 startups of which 256 are student startups. “This experience of creating an entrepreneurial culture is unparalleled in India and Visakhapatnam will be the second location to have a startup village after Kochi.”

Startup Village has been approached by nine states till now for setting up the incubator but they could not attract their attention. Speaking over the reason behind what made them accept Andhra Pradesh’s offer, Sanjay said, “For such a centre to function it is utmost necessary that there be a change in education system as well as a strong commitment from political and bureaucratic setup which we see in Andhra Pradesh.”

Related: The Top 20 Startup Incubators In India

Startup Village CEO Pranav Suresh over the association said, “We are extremely happy to invite highly successful and homegrown businessmen from Andhra Pradesh to join this not for profit society and help share their experience and wisdom as patrons and mentors. It will give an impetus to the culture of innovation and entrepreneurship in the state as role models similar to the Silicon Valley culture.”

“With the inauguration of TRIP, Andhra Pradesh will have a solid foundation with a world class policy to bridge the gap between India and Silicon Valley,” he added.

Entrepreneurs and Students who wish to be a part of Startup Village can pre-register by downloading the Startup Village App from iOS or Google Play App stores which was launched by Startup Village a few weeks back. The app provides a common platform for the entrepreneurs, who are associated and wanted to be associated with the Startup Village.