Nuivio To Start Their Venture In India From Kochi

Nuivio Venture Inc, a US-based product startup factory is now all set to expand its business to India with Kochi as its base.

Nuivio is a company that brings a crowd of innovative enterprises, early-stage investors and passionate entrepreneurs together in a single platform. The venture works under the idea of the “Think-Build-Scale” model, co-developed by Jaideep Prabhu, Professor at Cambridge University. The company aims to create 50 B2B products and 50 entrepreneurs and 10 companies to IPO by 2030.

“Frugal innovation continues to make an impact on western enterprises and Ignitho (our product engineering company under Nuivio) has already been an early mover in integrating such technology innovations and methodologies into enterprise software solutions. Having proved the ventures model with Ignitho, we are now ready to scale up our plans to incubate and build more standalone software companies in collaboration with enterprises. With Kochi emerging as one of India’s leading startup hubs, we have lined up our India expansion plans with Kochi as our initial base. Startup Village in the past and the Technology Innovation Zone set up by Kerala Startup Mission gives Kochi a talent base with exposure to entrepreneurship. Kochi also has a sizable number of IT startups which provides a tech talent pool with experience working in a startup environment”, says Joseph Olassa, Co-founder and CEO.

“Nuivio Ventures is uniquely placed to enable success for its SaaS (Software as a Service) startups as the approach is ‘market first’, where the products are first developed with enterprises via Nuivio’s product engineering company, Ignitho. This is a departure from the traditional startup models and ensures that Nuivio incubates a ready product with its first paying customer into a standalone product company. Nuivio also gives enterprises the option to monetize the jointly built products into jointly owned stand-alone companies with a revenue generation plan. As we get ready to expand our team, we continue to be on the lookout for talented professionals with entrepreneurial dreams to join us,” said the CCO and Co-founder of Nuvio, Scott Nugent.