wordpress blog stats
Connect with us

Hi, what are you looking for?

Kerala Govt To Set Aside Rs 500 Crore Annually For Startups

Kerala Government will set aside Rs 500 crore annually to improve startup ecosystem in the state and to offer angel funding to entrepreneurs, reports Business Standard. Chief Minister Oommen Chandy made the announcement during The Indus Entrepreneurs‘ (TIE) Kerala chapter conference. It needs to be pointed out that the state had cleared a similar amount earlier this year to fund startups working in agriculture, tourism and entertainment  sectors.

P H Kurian, Principal Secretary, Industries and IT department, said the government also plans to distribute 10,000 Raspberry Pi to school students. He also that over 500 students have come forward to start technology startups since the government announced Student Entpreneurship Policy last year. Kerala government also plans to set up 21 fabrication labs in Technopark at Thiruvanantapuram and a Technology Innovation Zone at Kalamassery.

It needs to be noted that Startup Village has already received Rs 150 crore investment from the Department of Science and Technology (DST) and the Kerala government to improve Startup Village’s infrastructure and help other non-member startups and entrepreneurs in the state.

Earlier this year, Karnataka Chief Minister Siddaramaiah had also proposed the creation of a Rs 15 crore angel fund to encourage new and innovative projects in the state. Karnataka government already manages three VC funds under Karnataka Information Technology Venture Capital Fund (KITVEN). These include KITVEN FundKITVEN Fund – 2 and KARVEN Fund (Karnataka Venture Capital Fund). It also proposed a plan to setup incubation centers for Information & Communication Technology (ICT) sector in collaboration with engineering colleges in select district headquarters to encourage entrepreneurship and innovation in this sector.

Advertisement. Scroll to continue reading.
Written By

I'm passionate about technology and gaming. You can follow me <a>@chupchap</a>

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ