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Home KSEB KSEB and Startup Village to power innovations in energy sector

KSEB and Startup Village to power innovations in energy sector

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MOU Startup VillageThe young technology-driven new brigade of entrepreneurs, powered by ideas, will now chip in with their innovations and solutions to help power-starved Kerala improve the energy situation and pitch the State as a thought-leader in the country. Kochi-based Startup Village, fast emerging as the world's largest telecom incubator and teemed with innovative young entrepreneurs, has tied up with the Kerala State Electricity Board (KSEB) to set up a platform –Energy Innovation Zone- that will power new ideas and innovations to reduce the energy woes.

KSEB Chairman Shri M Sivasankar, IAS and Chairman of Startup Village Shri Sanjay Vijaykumar on January 16 signed a Memorandum of Understanding (MoU) here in the presence of Hon'ble Chief Minister Shri Oommen Chandy and Hon'ble Electricity Minister Shri Shri Aryadan Muhammed.

"Kerala has the superior talent in the technology sector and our kids are in the front everywhere from Silicon Valley to technoparks. Startup Village came up as a revolutionary idea to tap these young talents in the State and groom them into global leaders. The Government on its part is giving full support by way of student entrepreneurship policy and pro-active logistics," observed Shri Chandy.

"The government also wants to take advantage of the power of this young brigade and see that they develop new solutions and technologies for the welfare and betterment of our society. This landmark collaboration between KSEB and Startup Village marks an auspicious beginning. We will explore possibilities of setting up more innovation zones like this for other sectors too," the Chief Minister said.

"It is an attempt to institutionalize and scale up energy economy of our State. Through the innovation spaces created out of the partnership, our youth can work on the latest technology and build solutions to the energy problems not only for our State, but also for the country and the world tomorrow," said Shri Aryadan Muhammed, terming the tie-up a momentous occasion for the KSEB.

Startup Village, the first public-private partnership incubator in the telecom sector of the country, has already roped in world leaders like Blackberry (RIM) which set up its first innovation zone in APAC region. Talks are on with major corporate and government organizations to set up similar zones which will explore new ideas for solutions and provide better eco-systems for innovations. The Energy Zone will be house within a 2500 square feet pallet rack structure.

"Apart from the real research for energy solutions, the partnership will also give a platform to showcase the ideas of young people and pitch them for funding for further development or scaling up. It will also bring in development from around the world in the sector so that the KSEB can learn from the real-time experiences." pointed out Mr Sivasankar.

''The innovation zone will work in line with the National Electrical Mobility Mission 2020. The zone will give practical exposure to entrepreneurs to work together with KSEB to find out industry problems faced by power sector, develop indigenous technology solutions and utilize the domain expertise of KSEB to build home grown solutions which can then be deployed in other states and countries. Besides, thought leadership, it will be make solid effort in further building up energy conservation among the new generation entrepreneurs", said Shri Vijayakumar.

As the strategic focus areas of KSEB and Startup Village are aligned in terms of sustainable development in the state, the synergy built by an alliance would greatly benefit the eco-system. The association can enhance the growth and development of India's and more specifically Kerala's entrepreneurial economy, he added.


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