The startup ecosystem is fast expanding in India and is nurtured dynamically by venture capital funds, angel investors, among others. Disruptive innovation in several sectors by startups is backed by venture capital funds vigorously, thus boosting the ever-growing innovation hub. Standing out amongst them all is PESU Venture Labs (PVL), a unique fund that operates in the pre-prototype or pre-ideation phase, focusing on industry professionals, student entrepreneurs, and academicians.
PVL is an initiative in partnership between PES University and CoCreate Ventures; PVL aims to reimagine venture creation while being founder-friendly and flexible.
PVL supports startups that are category creators, use deep-tech innovation as a differentiator, SAAS compliant apart from having a great Entrepreneur & large market size. PVL has so far incubated over ten companies in the deep tech space, which are present in the final stages of their product launch. 4 of the companies are expected to hit the market by July. This unique fund provides up to USD 150,000 in funding and other services to help companies build out products & test out unit economics.