Student entrepreneurs of PESU Venture Labs (PVL), organised a Roadshow to showcase their entrepreneurial skills and start-ups on their campus on July 23 and 24 2022. PESU Venture Labs is a venture studio launched under the partnership of PES University and Cocreate Ventures. PESU Ventures Labs (PVL) was set up with an objective to enable the finest and most dedicated students to become entrepreneurs. Investments in over 24 deep tech startups catering to sectors like cyber security, crypto, weather tech, ed tech, and pet wellness have been taken up.
Prof. M R Doreswamy, Chancellor of PES University said, that PVL was established with the goal of identifying budding entrepreneurs and innovative startup ideas, PVL and Co-Create have established initiatives like ‘Unicorn Launchpad’, which looks for campus-based ideas that have the potential to be unicorns. These concepts would be evaluated by investors and experts and developed into a profitable start-up. A month-long initiative called ‘Venturethon’ allows teams to submit their ideas, which are then evaluated by a panel of venture capitalists and analysts. Funding of up to $200K will be made available to ideas and entrepreneurs with the potential to make a significant impact in Technology, GTM, branding, and any other support they would need would also be given to them. Some of the incubated start-ups from the previous year that have reached interesting market traction include Fond, Assert, Seminar Room & Frizzle.
Suresh Narasimha, co-founder and Managing Partner of CoCreate said, At PESU Venture Labs, we have built a cohesive and strong ecosystem that enables student entrepreneurs to scale their start-ups from an idea stage. The types of concepts and dedication we are seeing from students fascinate us. The level of idea flow we get from students is unheard of outside of PESU and the support system we have built is admirable and inspiring for any startup creator. We want the next batch of students to experience this ecosystem and nurture the spirit of entrepreneurship.
18 start-ups incubated under PESU Venture Labs presented their start-ups at the event. Which includes Fond, Data Nominee, Frizzle Weather, Language Station, Treasure, TeaminUp, Assert, Consuma, Seminar room Education, Abhaya Secure, Senior Central, Smart Chakra, GoLocal, Laszo, Pebble, Zeru and Physifit.