Kochi: Enthused by a tremendous response from the State government at the just-concluded Emerging Kerala global investors’ meet, Startup Village has now scaled up its ambitions to become the world’s largest telecom incubator while Kerala is set to break into global products space with a soon-to-be-announced Student Entrepreneurship Policy.
Unlike other announcements at the mega event, the one for Startup Village came with specific timelines with first 25,000 sq ft by May 12, 2013 and the remaining 75,000 sq ft by January 12, 2014.
“This will make the Startup Village the world’s largest telecom incubator. We will further strengthen the entrepreneurial ecosystem to accelerate this transformation by providing infrastructure in the form of a TIZ (Technology Innovation Zone) in about 10 acres of land in Kochi with an initial investment of Rs. 100 crores,’’ Chief Minister Shri Oommen Chandy had announced at the meet.
The CM also assured to put in place ‘a landmark Student Entrepreneurship Policy’ within 30 days, showing his government’s commitment to encourage entrepreneurs at the college level itself. The policy provides 20% attendance and 4% grace marks to students engaged in entrepreneurship during their study.
Lauding the government’s support, Sanjay Vijayakumar, Chairperson of Governing Board of Startup Village, said it would give a huge fillip to the state for tapping its vast human resource potential. Startup Village received over 250 applications in the last five months. It is now trending to cross 900-1200 applications in the next 9-12 months showing the underlying surge for entrepreneurship in Kerala college campuses.
TIZ is proposed to host more initiatives like the Startup Village on a PPP mode in other technology areas and verticals in Telecom, Data Analytics, Animation and Gaming, VLSI, Nanotechnology and Biotechnology. The zone will provide space at a low cost to the start-up companies, which would have to pay only the operational cost. Government will manage the infrastructure and the innovator units will have 100% operational freedom to pursue their novel ideas and graduate into independent businesses.
Kerala IT News