Your Space to Incubate Ideas

Co.Lab.Orate will give upcoming entrepreneurs all the essentials they need to fuel their startup

Published: 16th February 2015 06:00 AM  |   Last Updated: 13th February 2015 12:59 AM   |  A+A-

Anurag-Parepally

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”.

mathew.maniamkot@gmail.com

Stay up to date on all the latest Edex news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp