With technology one of the fastest growing sectors in India, big data startup Corporate360 is investing in the next generation of tech entrepreneurs in the country by launching a brand new IT park and incubation center in rural Kerala.
The data-as-a-service cloud company is investing $500,000 in the facility, where new companies will benefit from working side-by-side with the Corporate360 team.
Corporate360’s founder Varun Chandran, who is from Kerala himself, set up the million dollar company in Singapore and Kerala in 2013, and now has offices in Europe and North America as well. Corporate360 now has 120 customers, including a number of high profile IT companies such as HP, Dell, IBM, Google and Oracle.
Corporate360 want to pass on their detailed knowledge and understanding of the industry to others looking to work in big data, both in India and internationally. The incubator will be housed in a brand new IT Park, which will include a hostel facility for 25 staff, a cafeteria and sports area.
As Varun explains: “Our new IT Park will enable students and young entrepreneurs from central Kerala districts, areas where there are plenty of burgeoning and potential technology entrepreneurs, to leverage Corporate360’s facilities in Pathanapuram Kerala. We want to help the next generation of tech entrepreneurs and inspire those in remote rural areas of the region to get into big data.”
The startup incubator will include a wide range of services, from entrepreneurial mentoring, feasibility reviews, product-market fit analysis, business communication coaching and leadership support. As part of this Corporate360 will be opening a new dedicated training facility and has put aside $20,000 of seed funding for each startup selected to join the programme.