Research and visualise all possibilities regarding the idea; then write a proposal.
At 12.12 am on December 12 last year, all eight former classmates who founded MobME assembled at the campus of Government Engineering College, Thiruvananthapuram. India’s first student telecom start- up, MobME Wireless Solutions, founded in 2005 at Technopark Incubation Centre with Rs 4 lakh as capital, is now a Rs 25- crore mobile Internet firm with 150 employees, a net profit of Rs 6 crore and a clutch of awards it won in India and abroad. Applauded by hundreds of students, the team announced their company’s decision to become India’s first student start- up firm to go for an IPO and raise $ 4.5 million. “We chose this auspicious moment and also our own campus to announce the setting sail of a new breed of young entrepreneurs from Kerala’s shores,” says Sanjay Vijayakumar, 30, the team leader.
MobME is currently working on its biggest project: A mobile digital signature solution named Mobile Express. Earlier, it developed Crime and Incident Reporting, a 3G security solution for the National Investigation Agency. It dispenses with the archaic walkie- talkie incident reporting by policemen and equips them with the capacity to record audio- visuals and communicate them immediately with geo- location tag to a remotely located control room using a smartphone, from the crime or accident spot.