Vinod Khosla Sets Up Startup Incubator Khosla Labs In India
November 15, 2012 at 8:46 pm | Posted in The Market | Comments Off on Vinod Khosla Sets Up Startup Incubator Khosla Labs In IndiaVinod Khosla Sets Up Startup Incubator Khosla Labs In India
Updated below
Vinod Khosla, a Silicon Valley based venture capitalist, will be setting up an incubator, Khosla Labs, for technology start-ups in India, reports Business Standard.
Srikanth Nadhamuni, Head of Technology at Unique Identification Authority of India (UIDAI), will head the operations. It’s not clear whether the incubator has raised any funds yet.
Update: Khosla Labs has also hired Sanjay Jain as Entrepreneur In Residence. What’s interesting is that Jain also comes from UIDAI, where he worked from June 2010 to June 2012.
According to the report, the incubator will take at least six months to start functioning in its entire capacity. The incubator will help Indian entrepreneurs develop solutions focusing on solving issues and problems in the country including social inequality, governance issues and public grievances. Khosla Labs already has a rented office in Bangalore, however, they are in the process of finding a real estate location for the incubator.
Vinod Khosla, one of the co-founder of Sun Microsystems, has previously invested in startups in India in social sector including SKS Microfinance, CASHPOR Financial and Technical Services and MokshaYug Access. In 2004, Khosla had set up a venture capital firm, Khosla Ventures, in Silicon Valley, which has raised a total of $2.35 billion in funding. Khosla Ventures focuses on environmentally friendly technologies in addition to the traditional venture areas such as the Internet, computing, mobile and silicon technology arenas.
Other incubators: Recently, Mayfield Fund, a California based global venture capital firm, announcedthat it will be backing AngelPrime, a Bangalore-based incubator. Last month, GSF Accelerator, the startup accelerator launched by former Reliance Entertainment President Rajesh Sawhney hadinducted 15 startups in its inaugural batch. Other incubators include The Morpheus, Startup Village, Innovation and Entrepreneurship (SINE), IIT Mumbai, Indian Angel Network, among others.
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