Start-up Village rolls out Fintech Studio scheme for innovative students
Updated: Jul 03, 2015 01:29:34pm
Kochi, Jul 3 (KNN) The Start-up Village has rolled out its 'Fintech Studio' scheme, which will provide the entrepreneurial ambitious engineering graduates in Kerala new devices and tools for transforming their innovative ideas into reality.
In the first phase of the scheme in partnership with the Kerala-based Federal Bank, a total of 40 teams comprising five students each will be selected from colleges across the state.
The first batch of the selected teams will have to work on the theme 'FinTech', which focuses on developing real-time technology solutions for the banking and financial industries. Each team is expected to develop a prototype of their idea and application within six months, starting from July.
The participating teams ideally consist of students with skills in programming, designing, operations and governance. Selected teams are to be integrated with Startup Village's Startup Studio 'FinTech Accelerator Programme', which is run in partnership with the Federal Bank.
The teams will receive a 'Startup Box', each of which contains an iPhone 6, iPad mini, Macbook Air, Nexus 5, Kindle, 1 TB Hard disk and Arduino Starter Kit, besides a company registration deed, a bank account opening form and an application form for the state's Student Entrepreneurship Policy.
Startup Village chairman Sanjay Vijayakumar said industry-institute partnerships would help drive high-technology into college campuses to spur creative innovations similar to Silicon Valley.
The incubator has also partnered with Tracxn Labs to identify potential FinTech ideas the student teams could work on.
Startup Village has an aim to launch 1,000 technology startups over the next 10 years and start the search for the next billion-dollar Indian company. (KNN Bureau)
In the first phase of the scheme in partnership with the Kerala-based Federal Bank, a total of 40 teams comprising five students each will be selected from colleges across the state.
The first batch of the selected teams will have to work on the theme 'FinTech', which focuses on developing real-time technology solutions for the banking and financial industries. Each team is expected to develop a prototype of their idea and application within six months, starting from July.
The participating teams ideally consist of students with skills in programming, designing, operations and governance. Selected teams are to be integrated with Startup Village's Startup Studio 'FinTech Accelerator Programme', which is run in partnership with the Federal Bank.
The teams will receive a 'Startup Box', each of which contains an iPhone 6, iPad mini, Macbook Air, Nexus 5, Kindle, 1 TB Hard disk and Arduino Starter Kit, besides a company registration deed, a bank account opening form and an application form for the state's Student Entrepreneurship Policy.
Startup Village chairman Sanjay Vijayakumar said industry-institute partnerships would help drive high-technology into college campuses to spur creative innovations similar to Silicon Valley.
The incubator has also partnered with Tracxn Labs to identify potential FinTech ideas the student teams could work on.
Startup Village has an aim to launch 1,000 technology startups over the next 10 years and start the search for the next billion-dollar Indian company. (KNN Bureau)
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