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Read more about CoCreate Ventures, PES Varsity roll out fund to back startups at campuses on Business Standard. The fund, called PESU Venture Labs, provides up to $150,000 in funding and other services to help firms build products and test out unit economics
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The startup ecosystem is fast expanding in India and is nurtured dynamically by venture capital funds, angel investors, among others. Disruptive innovation in several sectors by startups is backed by venture capital funds vigorously, thus boosting the ever-growing innovation hub. Standing out amongst them all is PESU Venture Labs (PVL), a unique fund that operates in the pre-prototype or pre-ideation phase, focusing on industry professionals, student entrepreneurs, and academicians.
PVL is an initiative in partnership between PES University and CoCreate Ventures. It aims to reimagine venture creation while being founder-friendly and flexible. Speaking about the initiative, Prof Jawahar Doreswamy, Pro-Chancellor, PESU, said, “This unique initiative, will help our students have an early exposure to the entrepreneurial ecosystem we have created at PESU. This is a beginning to amazing things that await students at PESU Venture Labs.”
May 26, 2021
Speaking about the initiative, Prof. Jawahar Doreswamy, Pro-Chancellor, PESU, said, “This unique initiative, will help our students have an early exposure to the entrepreneurial ecosystem we have created at PESU. This is a beginning to amazing things that await students at PESU Venture Labs.””
Speaking about the fund, Suresh Narasimha, a serial entrepreneur, founder of CoCreate Ventures and the brain behind PVL, said, “PVL was set up with the objectives of making the brightest of our students’ entrepreneurs, leveraging entrepreneurship to fund researchers and students, and creating a funnel of fundable, deep-tech companies for VC ecosystem from the campus. ”