Summary:
Visakhapatnam: Out of the 100 odd startups in Visakhapatnam, 20 are being supported by just one investor-mentor. “Our focus will be on healthcare, and I must say, this is a huge shot in the arm for us and the start-up scenario in Vizag. The eco-system created here will provide the right platform for tech companies to invest in these three areas.”With regard to the number of startups they are nurturing in Vizag, Anand said, “ We are basically a Venture-Accellorator and our aim is to enable startups to graduate. “In India, the government is the biggest business provider, this is where instead of encouraging established MNCs, the government can also provide space for startups to flourish. This could really help startups, especially in areas such education and healthcare.”Speaking on their own plans for further innovation, Govindaluri pointed out that they had recently signed an MoU with NTUitive, the innovation and enterprise company of the Nanyang Technological University, Singapore..