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Technopark 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 will be 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, 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 million Indian cell phone subscribers.

‘People without an Internet connection or a dictionary can send an SMS, GYANYOUR 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 .

Most of you do remember ‘Swades Solutions’ which initiated the offsite incubation of India’s finest it park, technopark.

Most of the students take a routine life style. Complete schooling, get some degree, and get into some company. Work there until “the boss” fires you or you quit. But when Deepak,Abhinav,Ashwin and Hisam from L.B.S College of Engineering,Kasaragod did things differently, they are no longer the guy-next door.And when technopark took them into their incubator family, nuturing with right support and publicity they started creating magic.

“Swades” was the perfect project to take further, and when the team shared belief in it, and vision for it, marked the beginning of “Innoz“. Innoz Technologies is a software firm incubated under T-TBI,Technopark. This startup has been initiated for the need of brilliance and innovation in the software field mainly focusing on 3 fields mobile, internet and new media.

“Do what you love, Be your own boss and make a million to smile for”. That’s our mission-says Deepak,CEO,Innoz.

Know more about Innoz at their official website http://www.innoz.in

Recently Innoz had been nominated for TATA and NEN Hottest Startup awards by NEN.It’s a people’s awards so definitely we need to support. Innoz Technologies is the youngest and only student startup from Kerala, to get nominated!! So lets get to the point: As a family, we technoparkians would definitely need to help them to get the best ranking possible.

Each votes matters them a lot

About TATA NEN hottest startups awards

TATA NEN Hottest Startups awards is India’s only community-chosen awards for Indian start-ups.Brought to you by National Entrepreneurship Network and TATA Group, in association with Helion, Mint , Seedfund and Wadhwani Foundation

What if innoz get into the top 30?

The Awards has the outcome of directly helping the 30 short listed companies, and providing even greater support and visibility to the Top 5 Winners.

Winners of TATA NEN Hottest Startups will receive a potent combination of publicity and business support, designed to spur their growth to the next level.
Prizes in the TATA NEN Startup Awards include:
•   Business training, mentoring and incubation support of upto Rs. 50 lakhs by IIM-A and CIIE
•   Incubation opportunity to a befitting venture by IIM-B and NS Raghavan Centre for Entrepreneurial Learning (NSRCEL)
•   Admission to Microsoft’s StartUp Accelerator Program for at least one winner
•   All Shortlisted startups will receive direct admission to pitch to Angels courtesy Indian Angel Network and Mumbai Angels and admission to TiE’s nurturing program

In addition, all nominated companies stand a chance to be invited for the TATA NEN Hottest Startup Funding Challenge 2008. The funding will be provided by Seedfund and the winner could receive 2 to 3 crores of investment capital subject to evaluation from them. The final decision on the funding for the winning company will rest with Seedfund. A great launchpad for the young team to showcase their products and that’s what we it all matters.

The most important thing : UR VOTING FORMAT

For SMS voting type HOT<space>66 and Send to 56767

For online voting go to www.vote.innoz.in

Deadline of the contest is 1st November 2008.