PES University ties up with CoCreate Ventures to fund deep-tech student startups for USD 150,000

The startup ecosystem is fast expanding in India and is nurtured dynamically by venture capital funds, angel investors, among others. Disruptive innovation in several sectors by startups is backed by venture capital funds vigorously, thus boosting the ever-growing innovation hub. Standing out amongst them all is PESU Venture Labs (PVL), a unique fund that operates in the pre-prototype or pre-ideation phase, focusing on industry professionals, student entrepreneurs, and academicians.

PVL is an initiative in partnership between PES University and CoCreate Ventures; PVL aims to reimagine venture creation while being founder-friendly and flexible.

Speaking about the initiative, Prof. Jawahar Doreswamy, Pro-Chancellor, PESU, said, “This unique initiative will help our students have an early exposure to the entrepreneurial ecosystem we have created at PESU. This is a beginning to amazing things that await students at PESU Venture Labs.””

Speaking about the fund, Suresh Narasimha, a serial entrepreneur, founder of CoCreate Ventures and the brain behind PVL, said, “PVL was set up with the objectives of making the brightest of our students’ entrepreneurs, leveraging entrepreneurship to fund researchers and students, and creating a funnel of fundable, deep-tech companies for VC ecosystem from the campus. “

Apart from funding, PVL also offers resources to startups to turbo-start their idea. PVL provides entrepreneurs with in-house talent in design, marketing & product management. To mentor, PVL brings some of the best experts from the industry to ensure the products meet global standards. Apart from inviting ideas from potential Entrepreneurs, PVL also incubates companies based on the deep research by researchers.

PVL supports startups that are category creators, use deep-tech innovation as a differentiator, SAAS compliant apart from having a great Entrepreneur & large market size. PVL has so far incubated over ten companies in the deep tech space, which are present in the final stages of their product launch. 4 of the companies are expected to hit the market by July. This unique fund provides up to USD 150,000 in funding and other services to help companies build out products & test out unit economics.

Latest articles

Elon Musk responds to comments on Tesla’s new automobile from YouTuber

Tesla has begun delivering the new and improved Model S Plaid to new owners. The new Tesla automobile has received a few...

For $600 million, Byju’s acquires the education platform Great Learning

Byju's, a digital learning platform, has purchased Great Learning, a higher education platform, and Toppr, after-school learning software. According to media sources...

Oil prices are rising as a result of restricted supply and the fact that immunizations outweigh virus concerns

Oil prices remained stable on Tuesday, with investors expecting that tight supply and increased vaccination rates will help offset any demand impact...

The Joint Entrance Examination (JEE) Advanced 2021 will be held on October 3, Union Education Minister Dharmendra Pradhan announced today

New Delhi, India: Union Education Minister Dharmendra Pradhan stated today that the Joint Entrance Examination (JEE) Advanced 2021 will be held on...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here