Visakhapatnam

Big firms keen on tie-up with startups in Vizag

Anand Govindaluri, founder and CEO of Govin Capital, Singapore speaking at an event in Visakhapatnam.

Anand Govindaluri, founder and CEO of Govin Capital, Singapore speaking at an event in Visakhapatnam.  

more-in

‘Many ventures incubated at SAI have obtained product patents’

In what could give a boost to the startup ecosystem in the city, several big companies are evincing interest to collaborate with technology innovations made by the young talent through their ventures.

Among the list is Connetin Vizag, a technology firm incubated at the Startup Accelerator India (SAI) facility at Rushikonda IT Special Economic Zone, which has signed and started executing a big contract with the Tirupati LPG Industries Private Limited. Connetin is a novel digital ERP solution for cylinder and logistics industry across the value-chain. It is also working with SR Book Links and Ganesh Forwarders.

Last year, DronaMaps from SAI Vizag was hand-picked by Reliance Industries for incubation to determine soil analysis that would empower farmers for better harvesting conditions. In addition, DronaMaps is also working with Kotak Mahindra too.

IoT & healthcare

American Association of South Asian Neurosurgeons (AASAN), U.S.A. and King George Hospital, Vizag have signed MoU with GreenLine Labs to develop IoT solutions for doctors to access patients with traumatic brain injury. This is considered a classic example of how tech startups in the city are innovating and creating value in multi-disciplinary areas leveraging on IoT and healthcare.

Another successful story is that of the MandemIT, a digital marketing firm that offers service in IT solutions to large companies including VTSRN Systems, Bravo Soalr Systems and iTaag.

Dr. Anand Govindaluri, founder and CEO of Govin Capital is the key promoter of Startup Accelerator India (SAI), a PPP (Public-Private Partnership) initiative in collaboration with the Department of IT, Electronics and Communication.

“The startups incubated at our accelerator here have been successful in obtaining product patents which will ensure a intangible value to the startup ecosystem. The success of startups depends on in their ability to create jobs and the impact it has on the society,” Dr. Govindaluri told The Hindu.

Eyeing global market

The SAI has recently signed pacts with Skyline University, Sharjah and NTUitive, NTU Singapore to help expand startups into the overseas markets. SAI is encouraging youngsters to pitch their ideas, shortlist them on the basis of innovative skills and offer mentoring support and help them validate their ideas for global expansion.

Areas of operation

SAI, which has developed a plug-and-play facility at the Sunrise Incubation Tower, is focusing on digital healthcare, IoT, big data and fintech. With support of the State government, it became fully operational in January, 2017.

“Blessed with a huge talent pool and entrepreneurial mindset of technopreneurs, Andhra Pradesh is attracting several big companies for partnerships with startups. We are confident of a robust and a startup-friendly IT policy from the government, as Chief Minister Y.S. Jagan Mohan Reddy and Minister for IT and Industries Mekapati Goutham Reddy have resolved to encourage the young talent and innovation in the State,” Dr. Govindaluri added.

Why you should pay for quality journalism - Click to know more

Related Topics Visakhapatnam
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Dec 9, 2019 10:36:50 AM | https://www.thehindu.com/news/cities/Visakhapatnam/big-firms-keen-on-tie-up-with-startups-in-vizag/article29790584.ece

Next Story