Technopark TBI’s Blog

T-TBI virtual incubatees Innoz Technologies P Ltd from LBS  Engg College, Kasaragod enters the finals of  the 2009 DFJ Cisco Global Business Plan competition.

The Global Final was held on Tuesday, June 30, 2009.

The winner will be announced on the day of the competition and will receive a minimum of $250,000 seed money. The winner will also receive professional feedback and mentorship from both DFJ and Cisco.

Innoz Team

Innoz, a student startup,  is the first offsite incubated company by Technopark TBI. Innoz Technologies operates in the extension centre of T-TBI with the support of EDC in LBS College of Engineering and they are functioning there.This startup has been initiated for the need of brilliance and innovation in the software field mainly focusing on 3 fields  namely mobile ,internet and new media. The team extended the company to more domains other than web and application development, they set out to opt mobile field, which has now evolved into what sits at the core of the Innoz system

The four students Deepak Ravindran,Abhinav Sree,Ashwin Nath and Mohammed Hisamuddin from Lbs college of Engineering,Kasaragod,Kerala,the founders behind this venture are already feeling tremendous responsibility on their young but strong shoulders and are happy that all four played each of their roles very well in these hard but fun filled startup days.

The company had managed top ranking in the TATA NEN Hottest Startup Awards, and had successfully entered into the Elevator Pitch for Economic Times-Power of Ideas.

Innoz focus has been on rich mobile & web applications. Their initial product, SMSGYAN, an innovative text messaging interface for trivia/definitions over SMS, in short time had got wide media coverage & recognition from leading technology blogs. 

The prestigious Global Business Plan Competition, co-sponsored by US-based venture capitalist Draper Fisher Jurvetson (DFJ) and networking and communications technology major Cisco, is for university and business school students.In addition to the financial investment awarded to the winner, DFJ and Cisco will assist all the 16 finalists to take their projects forward.The only other finalist with an India link is Husk Power, floated by students of Darden School of Business, University of Virginia.

The Innoz project is an SMS text messaging interface for trivia and other information for the Indian cell phone subscribers.

‘People without an Internet connection or a dictionary can send an SMS, GYAN YOUR SEARCH WORD OR TERM to 09894974926. The answer will appear on the sender’s mobile,’ said Innoz co-founder and chief executive Deepak Ravindran.

‘We will make a live presentation in a teleconference for 20 minutes from DFJ’s Bangalore office,’ he added. The judges will be in the US.

Their latest entry before DFJ-Cisco competition was into iAccelerator – a Silicon Valley style mentoring program at IIM-Ahmedabad .