Pinarayi Vijayan said, “We aim to increase the number of startup companies to 15,000 in the next five years. The government will continue to ensure equitable distribution of resources while creating an ecosystem of innovation.
Kerala Chief Minister Pinarayi Vijayan (File Photo)
Kerala Chief Minister Pinarayi Vijayan on Saturday said that the state government is aiming to create 15,000 startups in the next five years. He said that in the year 2016, there were 300 startups in the state and in the last three years this number has increased to 3,900. The startup sector provides employment to 35,000 people in the state.
Chief Minister Pinarayi Vijayan on Saturday inaugurated an advanced digital hub set up by the Kerala Startup Mission in Kochi. Inaugurating this digital hub through virtual medium, he said that the state government is working towards increasing the number of startup companies four times during the next five years. Their number will be 15,000 in the next five years.
Target to increase the number of startups to 15 thousand in 5 years
Vijayan said, “Five years ago we had 300 startup companies, but today the number has increased to 3,900. At least 35 thousand people are getting employment from these startups. We aim to increase the number of startup companies to 15,000 in the next five years. He said that the government will continue to ensure equitable distribution of resources while creating an ecosystem of innovation.
Inaugurating the digital hub at Kerala Technology Innovation Zone in Kalamassery, he said the government is planning to develop a knowledge chain by linking technical education institutions with startups and IT parks. The state has also been successful in attracting an investment of Rs 750 crore in the startup sector.
Thiruvananthapuram to be made artificial intelligence hub
Kerala Bank, KSIDC, KFC and KSFE will create a venture capital fund of Rs 250 crore with the aim of motivating the youth to realize their innovative ideas. The fund will make uniform investments in startups that attract investment from outside. The Chief Minister said that a project would be started to make Thiruvananthapuram the state’s artificial intelligence hub.
CM Vijayan said that this project will be implemented with the help of technical and digital universities. He told that the government is also planning to set up a data park. With the inauguration of the 2 lakh sq ft digital hub, the Technology Innovation Zone has become the largest startup space in South East Asia with a built up space of 4 lakh sq ft.
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