Kochi  :

SunTec Business Solutions, a provider of revenue management and business assurance solutions, has launched a seed funding initiative, Xelerator, to encourage entrepreneurship among college students in the country.

Through this programme, the company will provide advice, support and funding to young entrepreneurs to help them convert their idea into a viable business.

“We are on the lookout for extraordinary ideas that can be developed into interesting business opportunities, and for this we will provide them with infrastructure, financial and mentoring support,” said Nanda Kumar, chief executive officer of SunTec.

The company plans to visit 30 major engineering campuses across south India, and students can propose their ideas to an expert panel. Shortlisted candidates will be offered to attend an entrepreneur workshop at Thiruvananthapuram in which selected teams will be given an opportunity to present their business ideas in detail.

The winning teams will be funded by SunTec to develop their idea into a functional product in the market. The company will also be making some job offers to the participants.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Kochi / TNN / November 10th, 2014