Skip to main content

Sell or buy ideas through Idea Peedika soon to support young entrepreneurs

In the age of startups, the idea is king. Technopark Technology Business Incubator (T-TBI), a joint initiative of Technopark and the Department of Science and Technology (DST), is planning a number of interesting initiatives to support young entrepreneurs. Idea Peedika, one such programme planned by T-TBI, is a platform where ideas can be uploaded and bought. Image removed. K C Chandrasekharan Nair, Technopark CFO and secretary & registrar, T-TBI, says Idea Peedika is envisaged as a basket of ideas where people can submit their ideas free of cost. Idea Peedika will also be a platform for entrepreneurs to search for ideas. They can buy ideas from the contributor by paying for transfer of technology. T-TBI will charge a nominal registration fee for companies interested in buying the ideas, he says. The ideas will appear on the website in a brief format. "To know more about the idea, they will have to pay charge. The website will be launched soon," he says. "So many people approach us with ideas. When all these ideas come together, it will be of great help to startups. The programme has been given a typical Kerala name Peedika (shop). Idea Peedika will be written in blue and green letters just like the word Technopark. Blue and green stand for infinity and nature respectively," he says. Speaking at Thiruvananthapuram chapter meeting of Kerala Startups, Nair said T-TBI was on an expansion mode. "After incubation, we will enter into business acceleration through TBI accelerator," he said. In business acceleration the focus will be on growth of company in a global market. "There will be more facilities like labs, venues for media debates, etc.," he said. Nair says more than 2,000 young entrepreneurs are waiting to get incubated in T-TBI. However, no space is available for them for the next 18 months. "T-TBI will soon get a building exclusively for incubation in Technopark," he says. As many as 74 companies have been incubated under T-TBI now. T-TBI not only provides expert services, mentorships and infrastructures but also takes startups to road shows, fairs and exhibitions organized across the globe. It also helps young entrepreneurs to set up offices anywhere in Asia Pacific region.