Mon, Dec 10, 2012 - Page 12 News List

The village that might...

Startup Village plans to establish 1,000 tech-related companies over the next 10 years, but the goal is fraught with problems such as a lack of innovation and a dearth of investors

By Diksha Madhok  /  Reuters, KOCHI, India

Startup Village aims to pluck innovators from college campuses, and bring them into the fold after evaluating their business ideas. Many of its in-house entrepreneurs are in their mid-twenties.

But critics are sceptical if Startup Village would be able to launch the next Infosys in India — or even be successful in its goal of incubating 1,000 online companies.

“I will be thrilled if they do even a quarter of that number ... But do I think they will do more than 100? No.” said Mohan from Microsoft Accelarator. “I mean I hope they succeed. But hope is not a strategy, hope is only a prayer.”

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