Visakhapatnam-based Startup Accelerator India (SAI) has acquired a celebratory reputation for itself in the country within just eight months that it has been live. The technology venture accelerator, which was established in the city in collaboration with Andhra Pradesh Government, Singapore-based Govin Capital and the Department of IT, Electronics and Communication, has an excellent record of filling three patents, publishing eight and making 12 patent enquiries till date.
Fully functional with a world-class ‘plug & play incubator’ since January 2017, SAI focuses its attention on advancements happening in the field of fintech, digital healthcare, Internet of Things and big data.
Till date, the accelerator has incubated a total of 10 startups, graduated five of them and has 15 startups in line which are soon going to start their SAI journey.
Govin Capital CEO Anand Govindaluri recently spoke to The Hindu about the accelerator and said, that the main aim behind starting SAI was to groom startups with the right tools and advice, and he was happy that their initiative has garnered such great response. He also added that they’re hopeful that they could able to generate 70 direct entrepreneurial jobs, offer 82 internships and 50 contractual jobs.
While right now SAI is holding its ground in its home city Visakhapatnam, the accelerator does have a plan ready to forge the same success over the entire country. The incubator has readied a blueprint to expand its footprint across tier-II Indian cities and emerging smart cities in Indore, Pune and Lucknow.
In addition to this, it has also set up an international panel of mentors from Sweden, India and Singapore. A.P.J. Abdul Kalam Center-Lucknow founder Srijan Pal Singh has been chosen to be the chief mentor and director of the incubator.
The accelerator has already expanded its startup operations in UP after it signed the Memorandum of Understanding (MoU) with Dr. Abdul Kalam Technical University, Lucknow.
According to SAI’s founder and director Mr. Govindaluri, the accelerator has also signed an MoU with Visakhapatnam’ Novel Patent Services so as to raise patent awareness and conduct camps and hold startup workshops across the state for the same. In addition to this MoU, SAI has also signed an MoU to set up Kalam Library right within the incubator’s campus located at Sunrise Incubation Hub, Rushikonda.
In a statement to The Hindu, Govindaluri states that he believes that patents will be the ultimate wealth generator for the economy and SAI’s entire focus is to build sustainable innovative startups for future.
Like this content? Sign up for our daily newsletter to get latest updates.