Kozhikode: CAFIT Square, an initiative of Calicut Forum for Information Technology (CAFIT), is all set to change the technology arena in the Malabar region with the first phase expected to go full stream by end of next month. CAFIT Square is a mini IT Park and will have 12 companies operating there by August end.
According to M T Ramakrishnan, CEO of CAFIT, “CAFIT Square is an innovative idea launched by senior CAFIT members to bring world class facilities and a conducive atmosphere for the growth of IT in the region. Though the 30,000 sq. ft. area was initially looked upon as huge, more expansion plans are already in the pipeline. Companies share common facilities. Training, development programmes for employees and sharing situations of unique experiences encountered, are all on a common platform.”
“CAFIT Square also has an incubation facility as an encouragement for progressive starters with the availability of free desk space for six months, mentoring, funding and guidance to fulfil the dreams of a startup entrepreneur”, he added.
The members of CAFIT feel that new entrepreneurs do not have to go through the painful task which the senior entrepreneurs of the forum have gone through. They learn it all in full scope from seniors, of what it takes to start and run a technology business. As seniors are there to share their experiences, new entrepreneurs greatly increase their success; get answers from the experienced panel of CAFIT Square. Many of the member companies of CAFIT Square are alumni of premier institutions like NIT-C, IIM-K, etc.
Established in 2008 is a not-for-profit organization, CAFIT’s main focus is to bring a conducive ecosystem for technology entrepreneurship in Malabar with a great deal of attention to the growth of regional SMEs. The forum has a mandate to promote Malabar as an ideal destination for Technology entrepreneurship.
“CAFIT has influenced the technology scenario of Kozhikode a lot, from its progressive approach. Events like the ‘Empower IT’ and the Technology Entrepreneurship workshop held last month has benefited nearly 200 entrepreneurs from the region and thus has changed the entrepreneurship scenario of the region now. CAFIT has about 40 member companies and there are many waiting to be approved”, said Ramakrishnan.
Kerala IT News
Photograph: A panel discussion at the Technology Entrepreneurship Workshop