Hyderabad: Are you an entrepreneur in making? Are you struggling to find an office to commence your operations within your limited budget? Are you desperately looking for an incubator to act as your friend, philosopher and guide? Then, here is an organization which acts as one-stop solution for all the above issues.
Co-Lab-Orate is an organization set up by three youngsters namely Vinay Peddinti, Anurag Parepally, and Raghuveer Kovvuru, from Hyderabad with an amount of just three lakhs in September, 2015. They did not spend even single penny on advertisement but, attracted clients successfully with the help of social media and mouth talk. Week-end workshops conducted by the organization on various topics further accelerated the popularity of the organization. Of late, it emerged as ‘C/O’ for different budding entrepreneurs.
The organization acts as an incubation centre for budding entrepreneurs. By charging nominal monthly fee from them, it provides them basic infrastructure to set-up their organization and allows them to concentrate on their core operations. It helps budding entrepreneurs to connect with fellow entrepreneurs, venture capitalists, seed investors and angel investors. They provide lounge, pantry, conference rooms, free Wi-Fi, coffee, and online dashboards. It helps budding entrepreneurs to overcome sluggishness of home based freelancing work.
Though co-working is an established concept in USA, it has entered India recently. Here, 55 professional carry on their work on 24X7X365 basis. They include not only IT professionals but also, CAs, advocates, and architects. As resources are shared by a group of budding entrepreneurs, their average spending on basic infrastructure comes down drastically and can thus enjoy economies of sharing common platform. Moreover, it is not just sharing physical space but, encourages exchange of different ideas and skills. As start-ups are mushrooming everywhere and every industry, they have plans to expand their operations to smaller cities too, without diluting basics of their idea.