Govt. launches mission to rope in industry for supporting start-ups

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Kochi: The Kerala Government has launched a mission to bring successful State-based industries onboard to create a conducive ecosystem for supporting young entrepreneurs.

Last Friday, Chief Minister, Shri Oommen Chandy; Minister for Industries & IT, Shri P K Kunhalikutty; Aruna Sundararajan IAS, MD, Kerala State Industrial Development Corporation (KSIDC) and P H Kurian, Principal Secretary, Industries & IT held a discussion with the industry leaders in this regard at an interactive session organized by Kerala IT Department in association with Technopark-Technology Business Incubator (TBI) and Startup Village.

As many as 78 successful entrepreneurs from leading business houses in Kerala participated in the session which was a launching pad for the mission that would chalk out a detailed strategy to make the state a best destination for nurturing young entrepreneurs.

In his address, the CM said, “The student entrepreneurship policy of the government has started showing results and there has been great vigour and enthusiasm among youngsters to become entrepreneurs.” Calling for the support of industries in Kerala to encourage these youngsters, the Chief Minister said the government was committed to extend all help to start-ups and the expertise of the established entrepreneurs was a pre-requisite for it.

The IT Minister said the State should be able to tap the potential of the youngsters only with the help of business leaders. The industry should join hands with the government to shape the future entrepreneurs. “We are supporting young innovators. We would like to see innovations taking place in traditional industries also. We need your expertise, direction and guidance to support the youngsters.”

KSIDC MD said the State should transform into a place of job creators and not job-seekers. “We are starting 50-odd incubators across the State for supporting business and technology start-ups. We are working closely with CII and TiE for providing mentoring to young innovators. Also, the KSIDC will launch a venture capital fund of Rs. 20 crore in the coming Young Entrepreneurs Summit for supporting the start-ups.”

Shyam Srinivasan, MD & CEO, Federal Bank, representing CII Kerala and A V George, Chairman, AVG Group of Companies, representing TiE Kerala, also spoke on the occasion.

Kerala IT News

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