Bangalore: PESU Venture Labs – a partnership between PES University and CoCreate Ventures will be investing in 50 startups.
CoCreate and PES University formed a partnership in 2021 and set up PESU Venture Labs (PVL), a concept stage fund that has invested in over 24 deep tech startups across sectors like weather tech, edu tech, cybersecurity, crypto, and pet wellness. This initiative has proved that interesting and scalable startups can emerge from Indian Universities.
CoCreate and PVL have started programs like ‘Unicorn Launchpad’- a search for ideas from campuses that could be unicorns. Another program ‘Venturethon’ – is a month-long event where teams submit their ideas and these ideas would be assessed by a jury of VCs and analysts.
Ideas and entrepreneurs with the potential to create a large impact will be provided funding of up to $200,000. They would also be provided with technology, GTM, Branding, or any other support that they would require. Some of the startups that were incubated last year that have reached interesting market traction include
Fond, Assert, Seminar Room and Frizzle are among the startups that were incubated last year and have reached interesting market tractions.
“The support structure that we have created at PESU is enviable and aspirational for any startup founder and the kind of idea flow we see from students is unseen outside,” said Suresh Narasimha, Co-Founder and Managing Partner of CoCreate.
“We believe this is going to be the future of entrepreneurship & destination for the brightest students,” added Narasimha.
CoCreate is on a mission to empower student entrepreneurs and help turn ideas into reality. CoCreate Ventures has replicated this venture builder approach in five other universities.