Port city has right ecosystem for tech startup

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Port city has right ecosystem for tech startup

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Out of the 100 odd startups in Visakhapatnam, 20 are being supported by just one investor-mentor. GOVIN Holdings PTE Ltd is a one of a kind startup angel investor, which supports startups with the intial financing, mentorship and goto-market platforms

A Singapore-based firm, GOVIN, which has invested in 85 start-ups throughout the country is confident that the startup scenario especially in AP, is heading in the right direction.

Anand Govindaluri, a resident of Singapore and a native of Vizag, spoke about the progress being made in technology entrepreneurship, especially in Visakhapatnam. “The future is in Fintech, Healthcare an Edutech. The eco-system created here will provide the good platform for tech companies to invest in these 3 areas.

Anand said, “ We are basically a Venture-Accellorator and our main goal is is to enable startups to graduate. This is why we not only provide them with the requisite capital investment but also mentor them, with the help of our experts in management, marketing, finance to enable them to sell their product.”

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 grow. Govindaluri also urged the government to provide business to the start-ups. This will very helpfull to startups, especially in two areas i.e healthcare and education. ”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. “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.

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