KOCHI: An Electrical Open Innovation Zone to improve energy situation in the State by exploring new ideas and developing cutting edge technologies, will formally be opened atStartup Village here tomorrow.
State Minister Power and Transport minister,Aryadan Mohammad, will inaugurate the zone, jointly promoted by Startup Village and the Kerala State Electricity Board. It is a platform for startup ventures to incubate ideas into technologies for ensuring efficient energy supply in the State.
KSEB Chairman M Sivasankar and Startup Village chairman Sanjay Vijayakumar are to sign the one-year agreement obligating both the sides to partner the venture, which will be a landmark in the development of an innovation ecosystem in the country.
The zone, coming up on 2500 sq ft, will train people in the skills required to launch businesses in and around the energy sector. Apart from the operational funding, KSEB will also extend technical and non-technical support while Startup Village will develop, own and execute the programme.
Startup Village will offer incubation support to selected participants through its Mentor Panel and Partner Network.
A detailed EOIZ Operation Manual, defining the core objectives of EOIZ and putting together various processes and activities, including selection, incubation and support, will also be ratified tomorrow in the presence of the Minister. The inauguration will be followed by the first meeting of the Oversight Committee and pitch presentations by entrepreneurs in the energy sector.
The innovation zone will work in line with the National Electrical Mobility Mission 2020.
Startup Village, the first public-private partnership incubator in the telecom sector of the country, has already an innovation zone set up by Blackberry (RIM). Many other global leaders are also in talks with Startup Village to set up similar zones that will provide better eco-system for innovations.