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October 16, 2004

IISc spin-off Esqube takes on Skype

Start-up Watch

At a time when US-based Voice-over-IP start-up Skype has drawn millions of users and also millions in venture capital from top Silicon Valley VCs, does a spin off from an Indian academic institution offering a similar service (with $200,000 in funding) stand any chance?

Businessworld magazine has carried a profile of the Indian Institute of Science (IISc), Bangalore spin-off
Esqube Communication Solutions Private Limited and its VoIP service VQube.

Esqube was founded in 2003 by IISc faculty members include Dr. H. S. Jamadagni, Dr.
K.V.S. Hari, Dr. T.V. Sreenivas and Dr. Chandrasekar. The Esqube web site descrribes the company's "current focus" as developing "novel products based on VoIP, speech and Wireless technologies". In January 2004, Esqube received about $200,000 (Rs.1 crore) in seed capital from Cranes Software International Limited, a Bangalore-based vendor of scientific and engineering software.