Trivandrum: SunTec Business Solutions, the leading provider of Revenue Management and Business Assurance solutions has launched ‘Xelerator’, a seed funding initiative to encourage entrepreneurship amongst college students in India. Through this program SunTec will provide young entrepreneurs advice, support and funding to help them convert their idea into a viable business.
The objective of Xelerator is to create a culture of innovation and to motivate young minds to step up and build ideas that can change lives.
SunTec aims at visiting 30 major engineering campuses, across South India within six months, and the students can propose their ideas to the expert panel. The shortlisted candidates will then be offered to attend a workshop of entrepreneurs which will be conducted in Trivandrum, Kerala. At the workshop the selected teams will be given an opportunity to present their business ideas in detail to the expert panel (comprising of SunTec senior leadership and experts from the industry). The winning teams will be funded by SunTec to further develop the idea into a functional product in the market. SunTec would also be making some job offers to the participants.