'Start-ups at Technopark to be Given More Facilities' - The New Indian Express

'Start-ups at Technopark to be Given More Facilities'

Published: 29th December 2013 09:03 AM

Last Updated: 29th December 2013 09:03 AM

More facilities for start-ups inside the Technopark are in the offing, said Technopark CFO K C Chandrasekharan Nair, at a meeting organised by Kerala Start-ups Thiruvananthapuram chapter, here on Saturday.

As president of the Kerala Start-ups Thiruvananthapuram chapter, he also pointed out that majority of the existing start-ups  are on the way to success.

By picking the example of a successful start-up story of Waybeo Technologies Pvt Ltd, he said: “At the initial stage, Waybeo team was very much skeptical about their future. The team used to consult with me regarding issues relating to incubation in Technopark and their plans to surge ahead”.

“Apart from the incubation of companies, for which only space is provided, Technopark is planning to implement a Business accelerator for the start-ups.

“Then young entrepreneurs can manage their own business in a right way”, he added.

Two successful start-ups having roots in the city shared their experiences of building up their product, the hardships  they faced during a downtrend in business.

Rahul Alex Panicker, founder of Embrace Innovations, headquartered in Bangalore, presented his new innovative product named ‘Embrace Nest’ which is an affordable and easy-to-use solution to provide warmth to newborn babies in hospitals. Already the company had attracted customers in  a whopping 74 countries including leading hospitals, apart from the widening of  customer base in India.

He also shared the challenges he faced during the design of the product. ‘’Our product took three years to become visible. The product can help people living in the lower strata of society to provide adequate care to the newborns “, he said.

He also said that about 65 per cent start-ups have problems relating to the promoters  itself. ‘’ Sometimes failed ideas will create problems. Sometimes it will be lack of a scheme for scaling up their business,’’ he said.

A P Bushairusalam, CEO of Waybeo Technologies, a homegrown company, said: “We were at a stage of confusion whether the services sector business which is a traditional method of IT business and which is very common should be pursued. We called it quits at the end and entered into the arena of a product-based IT firm.’’

The companies’ inbound calling solution product Bounzd has already became a sensation in even big enterprises.

Moreover, the company was listed in the NASSCOM Top 10 emerging product start-ups in India.

Shiv Sankar M S, CMO of Waybeo, said:  ‘’Our company was formed with 13 partners and we were not at all serious then and now our company has seven working partners. Now it became a serious business,’’ he said.

Kerala start-ups, a non profitable registered organisation formed in the 2012,  conducts organised sessions in Kochi, Thiruvananthapuram and Kozhikode.

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