Inolyst Ties Up With Startup Village As Innovation Partners

Online, March 29, 2012 (Newswire.com) - Startup village is an outcome of a partnership with The National Science and Technology Entrepreneurship Development Board (NSTEDB), the Department of Science and Technology (DST), the Government of India, Technopark and MobME. Startup Village, which would be based out of Kerala would be India's first Public Private Partnership (PPP) telecom business incubator aiming at 1000 startups over a period of 10 years time and would focus mainly on student startups from college campuses and would be modeled on technology incubators in the Silicon Valley - U.S.

Inolyst will be offering their IP expertise to startup village through trainings and workshops for the incubated start-ups and helping them build strong strategic IP portfolio.

"It is a great privilege to have Inolyst as our partners in this shared vision to create one of India's best startup ecosystems said Sijo Kuruvilla George, CEO Startup Village. He also added, In the early days, startups don't have money to spare on IPR but with Inolyst on board, they would have best quality IPR services at heavily discounted rates, thereby increasing their value and protecting the business know-how.

Commenting on the partnership Dilip Kumar, Founder - Inolyst said "We are really excited to be a part of Startup Village which is on the lines of our vision towards building a strong Eco system for Innovative startups and thus increasing the global entrepreneurial class.

MobME is one of India's fastest growing Mobile Value Added Service Companies. Founded in 2006 as a campus start-up, MobME is today rated by Nasscom as amongst the 50 emerging companies in the country.

MobME CEO & Chairman of Startup Village Sanjay Vijayakumar said, "Startup Village is India's largest attempt at incubation and we're creating a model to go inch wide, mile deep at one location. Inolyst joins Partners such as KPMG to create an awesome ecosystem where startups can build, break and innovate."

IP is a key part of the value for a technology startup. Entrepreneurs should make decisions early on about what is really key in terms of intellectual property and take concrete steps to assert ownership, to create proof of ownership and to retain ownership. Dilip also added that Start-ups must have an IP strategy and plan that is carried out as rigorously as any other part of the company's operating plan which benefits them in acquiring customers, get attractive valuations and ofcourse make they favorable amongst venture capitalist. We have worked with MobME and assisted them in this direction and we are glad to see them drive this thought leadership amongst other startups.

About MobME:

MobME (Mobile Media & Entertainment) is a company focused on Value Added Services for Mobile Phone users and Carrier Grade Solutions for Network Operators. MobME has offices in Gurgaon, Kochi, Thiruvananthapuram, Chennai and Mumbai

»MobME operates under three product and service lines namely Network Solutions, Value Added Services and Enterprise Solutions.
»MobME serves Brands, Businesses, Banks, Government Institutions and individuals for their communication needs over SMS, Voice, Data and other Mobile Technologies.
»MobME also undertakes various Mobile Governance initiatives in India for empowering the citizens of the country.
»MobME is rated by Nasscom as amongst the 50 emerging companies-2011 in the country.