Your Space to Incubate Ideas
By Mathew Joy Maniamkott | Bangalore | Published: 16th February 2015 06:00 AM |
Providing new companies space to grow is Co.Lab.Orate. You will be able to connect with other new entrepreneurs, get help from investors and interact with famous entrepreneurs. Started by Vinay Peddinti, 22, Anurag Parepally, 22, and Raghuveer Kovuru, 29, the trio’s different skills helped create Co.Lab.Orate. An engineer from CVR College of Engineering, Vinay was the president of an NGO called The Social Cause while Anurag was its founding member after completing his Civil Engineering from SRM University; Raghuveer did his graduation from NALSAR University of Law and his post graduation in MBA from IMT-Ghaziabad. He has five years’ experience in Finance and Consulting with Deloitte and of PWC.
Started in October last year, Vinay says, “We are more of a community than a workspace. We believed unconferencing would be a great modicum of how things work at our place, as we realised that people are not getting much out of the many random startup events that happen. A wonderful community, opportunity to network, celebrity speaker interaction, storage rooms, conference rooms, lounge area, library, high speed Wi-Fi and coffee are our biggest guarantees,” lists Anurag. The folks at Co.Lab.Orate are also thinking of introducing an accelerator programme where they will mentor startups on how to pitch.
Started with an initial investment of `3 lakh, the founders believe that they can break even by the end of May . “We haven’t spent a dime on marketing. Social media and word of mouth is how we get our clients. Our events have a lot of footfall which helps in marketing our place as well,” remarks Raghuveer. Co.Lab.Orate charges per person per month on the desks that are utilised. In fact, there are different prices based on the resources utilised. Their prices range between `3,600-`5,600 per month per person. The team envision “an environment where you can come in your shorts and build earth shattering projects for which the world will thank you with a salute”.