Startup Village clocks record applicants in February

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Kochi: Startup Village has clocked a new milestone with a record 286 young applicants signing up at the mobile-internet technology incubator in the month of February, hoping to bring their fledgling business ideas to life.

A total of 286 would-be entrepreneurs, the highest number for any month, applied online in February expressing an interest in signing up with the incubation programme, taking cue from the success of other companies incubated at the Start-up Village and Technopark-TBI, respectively. The total number of incubator applications at the Village so far has reached 1,742 and the number of start-ups supported is 540.

Chief Minister, Shri Oommen Chandy said it was heartening to see students taking advantage of the policies framed by the government to support entrepreneurship and job creation. “Now that the MG and Kerala universities have adopted the Student Entrepreneurship scheme, we expected even more young people in college campuses to start companies and businesses. Any student signing up with an incubator from these institutions will receive all benefits under the scheme”.

Minister for Industries & IT, Shri P K Kunhalikutty said the government is enthused to see the response from the youth in creating a new entrepreneurship culture in Kerala. “Our IT Policy 2012 has laid out a vision for creating 3,000 start-ups by 2020 and we are confident of achieving it ahead of time. Seeing the encouraging response we have also decided to establish a Technology Incubation Zone at Kinfra Hi-Tech Park and the first building for this is being set up”.

With the advent of more incubatees, the main challenge the Startup Village is going to face is infrastructure deficit, MobME CEO, Sanjay Vijayakumar, who is also the Chairman of Startup Village, said. “MobME will approach the state government with our proposal to further develop the infrastructure at the Village under PPP mode”.

The MobME Board has also approved construction of its office building at the Village and to set aside some space for incubation companies.

“With new ventures succeeding at the Startup Village, we are literally in the midst of an entrepreneurial boom in State,” said Startup Village CEO, Sijo George.

Kerala IT News

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