State meets all conditions for start-up launch: minister

More than 4,000 students and young entrepreneurs from more than 340 colleges across the state attended the Innovation and Entrepreneurship Development Center (IEDC) summit held Saturday at St. Joseph’s College of Engineering and Technology at Pala.

Opening the event organized by the Kerala Startup Mission (KSUM), Youth and Culture Minister Saji Cherian said the state has the potential to become the most fertile place in the world for startups. “The state fulfills all the conditions to launch and develop start-up businesses as a priority,” noted the minister, while urging young entrepreneurs to work for social good.

Unicorn Startups

KSUM chief executive John M. Thomas said the role of startups will be critical for the country as it is on course to become the world’s third largest economy in the next eight years. “India has seen the emergence of about 70 unicorn startups over the past two years. This should be an inspiration to our young entrepreneurs,” Thomas said.

Pala Bishop Mar Joseph Kallarangatt; Rajasree MS, Vice Chancellor, APJ Abdul Kalam University of Technology; spoke on occasion. The event also included sessions and panel discussions on topics such as “the future of women in the world of technology, social entrepreneurship and Design Thinking”.

The summit announced a grant worth ₹50 lakh to 64 selected startups. Prizes to the winners of the Innovators’ Premier League (IPL) were also distributed on this occasion.

Comments are closed.