Startup Village, the first public-private partnership model incubator in India, aims to break the logjam in the Internet and mobile space by creating an ecosystem capable of supporting 1,000 startups in the next ten years.

Promoted jointly the union government's department of science & technology and the country's biggest information technology park Technopark, the Startup Village near Kochi started its journey with just 5,000 sq feet of space in April. Promoters have plans to add another 25,000 sq ft of space by May 2013. By 2014, the Startup Village will have spread over
100,000 sq ft of space.

According to Sanjay Vijayakumar, chairman of the Startup Village, said that their motto was to create an ecosystem that would encourage aspiring entrepreneurs to think big, start small and scale up fast.

Speaking about the vision of the initiative, Vijayakumar said, "Our vision is to create a world class technology product startup ecosystem in India. We will do this by creating an enabling ecosystem to support 1,000 startups over the next 10 years."

Vijayakumar added that the investment outlay for incubation facilities at the Startup Village was Rs 25 crore, while the Startup Village Angel fund would be Rs 50 crore. The total outlay would reach Rs 100 crore over the next five years.

Currently, Startup Village has a total of eight companies that have a collective workforce of 68 people in the category of physical incubation; besides, the village supports around
138 companies in the virtual category.