India’s biggest startup incubator launched at Kochi

INDIAN FLASH NEWS SERVICE

Kochi: India’s biggest startup incubator was launched at Kochi by Kerala Chief Minister Pinarayi Vijayan.

The incubator that is housed in a 1.8-lakh square-feet facility has incubation setups for a larger section of the segments.

The Startup Complex has been set up under the Kerala Startup Mission, which is a nodal agency of the state Government for entrepreneurship development and incubation activities in Kerala.

It has ultra modern facilities such as “Maker Village” that is for promotion of hardware start-ups and “Bionest” for medical technologies.

After launching the incubator, Vijayan said that his government was for giving direct jobs to 250,000 in Information Technology sector.

He also said that Kerala will have startup and incubation space of about half a million square feet after the completion of three major works.
Official sources said the entrepreneurial wave witnessed in the state need to be showcased, as it can provide valuable insights to the stakeholders of the Ecosystem.
The State Government has already given sanction to its departments and autonomous institutions for inviting to start-ups that have been registered under Kerala Startup Mission (KSUM) in implementation of their projects costing upto Rs one crore.

The Government Order (GO) that has been publsihed in this regard said that state departments, corporations, boards, Local Self Government Institutions and Universities can bring in startups through limited tender for design.

The decision comes close on the heels of Kerala receiving the honour of ‘Top Performer’ in the States’ Startup Ranking 2018 that was held in the national capital recently.

This southern state is the first in the country to give consent to its various departments for procurement directly from start-ups as part of encouraging them to take up innovative projects.

Kerala Startup Mission CEO Dr Saji Gopinath said that the Government Order will in a big way help in the growth of start up in Kerala. He also added that the initiative of the government will give more opportunities for start ups and also help in attracting such business ventures from other states to Gods Own Country.

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