Innoz, a company floated by students of LBS College of Engineering at Kasargode in the state, is the only Indian start-up among 16 such firms vying for a $250,000 prize money Tuesday in a global competition for the best business plan.
The prestigious Global Business Plan Competition, co-sponsored by US-based venture capitalist Draper Fisher Jurvetson (DFJ) and networking and communications technology major Cisco, is for university and business school students.
In addition to the financial investment awarded to the winner, DFJ and Cisco will assist all the 16 finalists to take their projects forward.
The only other finalist with an India link is Husk Power, floated by students of Darden School of Business, University of Virginia. Their project relates to miniature power plants that cost-effectively convert rice husks into electricity, serving off-grid Indian villages.
'Clearly, global innovation doesn't stop for recessions,' said DFJ managing director Tim Draper in a statement.
'These promising candidates are reminding us that there are pioneering companies out there, even in difficult times, and we hope that one of these teams creates the next Skype, Google, Facebook, Baidu or Cisco.'
LinkWithin
Last Rank 2009-2012
No comments:
Post a Comment