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Zybo Tracking Solutions, a start-up incubated in KSIDC’s business incubation centre, has received foreign equity investment from the Netherlands-based Grasshoppers.
The funding will help the company develop and market the application – Trackbizz -- a cost-effective field force automation system, enabling managers to track their field force and manage their field activities on real time. It will help users with remote attendance, location tracking, expense tracking, task management, order notes, lead lists, work reports, and all other business related information.
Trackbizz app, which is available in the Google Play Store for Android smartphones, focuses on Indian SMEs and enables them to leverage the advantages of mobility and cloud technologies at an affordable price of ₹399 per user per month.
M Beena, Managing Director, KSIDC, said the corporation has sanctioned ₹6.23 crore as seed fund assistance to 31 innovative start-ups in the state and another 11 proposals are in the pipeline. Currently, 15 start-up companies with 106 seats are incubated in the Business Incubation Centre at Infopark.
Meanwhile, KSIDC has started its second incubation centre named Startup Zone at Inkel Tower II, Angamaly. There are plans to open a third incubator at UL Cyberpark at Kozhikode, she said, adding that the company is assisting various colleges to set up incubation centres in their campuses to promote the entrepreneurial culture among the students.
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