Vizag to be on Global start-up map by Dec. 2016, affirmed the government of Andhra Pradesh while rolling out the latest update in terms of the city’s developments; activities that are now touching the world standards.
Kochi Start-up chairman Sanjay Vijayakumar elaborated his plans to make Vizag a start-up hub, planning to work hand in hand to create the new Sunrise civilization of Andhra Pradesh. Vijayakumar is also the man behind Vizag Start-up Village, similar in lines with Kochi. The start-up village in Vizag currently houses 107 start-ups.
Plans are on to expand the 17,500-sq.ft area of the Incubator Park to 50,000 sq.ft by December 2016 as part of the phase I of Entrepreneurship & Innovation.
Vijayakumar said that within a time span of 18 months, the aim of government is to put Vizag on global start-up map along with Silicon Valley, Tel Aviv, etc. For this purpose, the Vizag Start-up Village is presently bench marking itself against the 8 key indicators of the Silicon Valley.
As part of the plan, an overhaul of curriculum in schools, colleges and universities will be implemented from July 2015. This revamping of curriculum will include harnessing the entrepreneurship culture among students. Plans are also in place for the colleges and universities, by way of holding boot camps, ‘hack’athons and encouraging students to convert their projects into viable start-ups.
“This not only infuses entrepreneurial spirit among students but also leads to direct skill development, eventually creating more jobs and entrepreneurs,” Mr. Vijayakumar said.
The Chief Minister suggested a Special Purpose Vehicle (SPV) to be in place in order to mobilise resources and create the required infrastructure. “Create a non-exclusive model and work out an action plan to be implemented from July 1,” the Chief Minister explained.
The government of Andhra Pradesh is also setting aside a budget of Rs.100 crore Innovation Fund for various start-ups.
Plans are also on to check the feasibility of Signature Campuses for start-ups (on which Apple Inc. and Facebook Inc. are working on) rather than limit itself to Signature Buildings.