Startup Village seeks Rs. 750-crore investments.

The Kochi Startup Village is immediately open for investments to the tune of Rs. 750 crore, including Rs. 100 crore in angel funds; Rs. 50 crore from potential patrons and Rs. 50 crore for a digital platform that would give the sensationally successful Village the global reach both for fund raising and mentoring.

The digital platform project, which will cope with the rising number of start-ups, is open to equity funding, said Chairman Sanjay Vijayakumar on the sidelines of the Global NRK Meet 2015 that concluded recently.

In addition, the Startup Village is looking for Rs. 50 crore investment to set up an electronics lab in collaboration with the Department of Information Technology and Electronics.

THE HINDU