Kerala is on top under an eminent startup ecosystem in India. It is the state that initiated a policy for startups in 2014. Today, it has crossed over 2200 startups that emerged to develop innovative products and services leveraging Industry 4.0. Right from education level to company establishment creative individuals are fostered with the necessary support to boost their potentials. The chief minister of the State Pinarayi Vijayan envisions technology startups to join Vibrant Kerala’s startup ecosystem and progress as world-class ventures. Out of 2.8 % being populated in India Kerala contributes 4% of the Indian economy. Aspiring technical entrepreneurs get commendable key support from the government to create wealth and jobs in society. Kerala startup mission encourages to focus on revenues and not only on external investments. Another initiative by the Kerala government is worth all praise; the Student schemes which enables arranging programs for developing student entrepreneurship in the state. A startup policy was also established to encourage the growth of student entrepreneurs.
Investors in Kerala
Investors in God’s own Country
Kerala’s Popularity worth Admiration
- Kerala is popularly known as God’s own Country
- It is one of the best tourist destinations with stunning backwaters, hill stations, beaches, ayurvedic tourism, tropical greenery, and likewise.
- The state has the highest media exposure
- It is best known for its Ayurvedic medicine.
- Most importantly, Kerala is the Major Spice Exporter
- Popular snacks include banana chips, yam chips, tapioca chips, etc.
- Considered as one of the 10 paradises of the world declared by National Geographic Traveler
- Famous for its ecotourism initiatives
- Kerala’s state animal is the Majestic Elephant
- Kerala is mentioned in 2 Hindu epics like Ramayana and Mahabharata.
- The best part of the Climate is the cool monsoons
- Known for highest literacy rates in India
- Diversity in Culture
- 90% of total rubber is produced in Kerala making India the 4th largest in rubber production in the world.
The evergreen name Kerala is significantly derived from two Malayalam words Kera means ‘coconut tree’ and Alam means ‘land’. It is believed to have many other variant names like Garden of spices, Land of coconuts, Land of trees, The Jewel of South India, etc. Alternatively, it is also known as Malabar denoted to South-Western of the Indian Peninsula. From the name itself, we can be assured that it’s a land of coconut trees found in abundance. Kerala is the first state in India to receive rain from southwest monsoons.
KSUM – start-up schemes in Kerala aim to develop student entrepreneurship. Through Government’s Kerala Startup Mission:
- 619- Registered startups
- 175- seed funded startups
- 7 venture-funded startups
- 6 incubators supported
Kerala possesses a unique model for the startup ecosystem. It’s on its way to create more world-class entrepreneurs, innovators, investors, and startups giving rise to a vibrant ecosystem in the state and Policies catering to the needs of innovative technology entrepreneurship.
Major steps were taken by the government to support the startup ecosystem growth
The primary objectives of KSUM include- planning, establishment, management of technology business incubators/accelerators in Kerala in a view to promoting technology-based entrepreneurship activities. It also holds importance to encourage youngsters from school level, by setting up appropriate infrastructure and environment, encouraging research and development activities, all promoting entrepreneurship.
(The 2014 policy is split into 9 sections to establish a world-class startup ecosystem. Infrastructure, Incubators & Accelerators, Human Capital development, funding, State Support, Governance, Public-private Partnership, Scaling existing and establishing new incubators and startup Boot Up-Scale Up model.)
The Kerala government through KSUM is developing the Kerala Technology Innovation Zone, a global innovation incubator hub bringing multiple domains and sectors under one umbrella.
Some of the Funding options for Kerala startups are Grants, Seed funding, Alternate Investment fund, Early-stage funding, Standard Investment subsidies.
Kerala a top-notch place for Startups
Kerala, one of Asia’s best destinations, the narrow stripped land of India with a Lush green landscape, liberty of different faiths, exemplary cultural diversity, the tranquil abode of Ayurveda, and trusted government support sets the perfect atmosphere for establishing startups. Now it’s looking forward to world-class entrepreneurs, innovators, investors, and startups for boosting the startup ecosystem and hence industrial growth of Kerala.
Hyderabad Angels are one of the trusted startup investors in India. It is their constant support that has led several innovative startups such as Dialogue in the Dark, Health Sutra, ZineOne, MylabYogi, Gibss, edutor, Chai Kings, Identis, Niki, Signalx, Twigly, and more. If you have a bright startup idea don’t hesitate to take a Step forward today and be assured to receive enduring support from us.
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