Kerala Government to announce new startup & innovation policy


Kochi: Kerala Government will soon announce a new startup and innovation policy to promote entrepreneurship. Chief Minister, Shri Oommen Chandy said this today while inaugurating the first phase of the Technology Innovation Zone (TIZ) at the Kinfra Hi-Tech Park in Kalamassery.

In his address CM said, “The draft of the new start-up and innovation policy is ready and we will be unveiling it soon. The government will also chair a meeting of University Vice-Chancellors in the State to finalise a programme to provide support to student entrepreneurs. The objective of the Innovation Zone is to provide the maximum possible support to young entrepreneurs across a number of industry verticals, apart from telecom and IT. At least eight different sectors like agriculture, electronics, food processing, tourism etc have been identified for providing incubation support”

The newly inaugurated 10,000 sq. ft. work space at TIZ, an ambitious project under the Technopark-Technology Business Incubator (TBI), will be handed over to Startup Village for providing incubation support to around 40 startup firms.

In his presidential address, Minister for Public Works, Shri V K Ebrahim Kunju said, “It is a proud moment for Kerala as the government is working very hard to encourage young people to take up entrepreneurship. The government will look into the infrastructure needs of the TIZ and will finish work on the ongoing road projects in the surrounding areas in a timely manner”.

“There is no doubt that TIZ will become a milestone in the ongoing entrepreneurial revolution in the state,” said Hrishikesh Nair, CEO of Infopark and T-TBI.

The TIZ project is spread across 13.2 acres of land at the Kinfra Park. The work on the remaining buildings is expected to be completed by 2017. Once fully operational, TIZ will have a total built-up area of over 5,00,000 sq. ft. and will have all the amenities of a futuristic business incubator including fab-labs (fabrication labs) and a data centre, apart from a convention centre, amphitheatre, food courts and an exhibition lounge.

A host of dignitaries, bureaucrats and politicians were present on the occasion.

Kerala IT News