The Village will focus primarily on student startups from college campuses and would be modeled on Technology Incubators in the Silicon Valley. It aims to incubate 1000 product start ups over 10 years and start the search for a billion dollar company from a college campus by the turn of this decade.
The National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST), Government of India, Technopark and MobME Wireless have joined hands to set up the country`s first telecom business incubator called Startup Village - Indian Telecom Innovation Hub, KINFRA sources said.
The Village will create a vibrant ecosystem for start-ups to create breakthrough technologies for the global telecommunications industry. This would be made possible in association with leading companies in the Telecom sector by setting up Telecom Innovation Zones that bring the latest technology platforms and products to the startups in the incubator before it is released in the commercial markets.
The campus will have full 4G network in the park, advanced Telecom labs and also provide all services, including Legal, Intellectual Property, Accounting, Full furnished Office Space, Video Conference Rooms, Computers, Phone Lines, Internet, Server Space and virtual office services that are required for a student to start a company even while in college.