3000 IT Company till 2020 Targeted by Kerala

29 July 2013

Kochi

Kerala aims to have at least 3,000 IT companies by 2020 under the state’s new Seed Support System for early-stage investment to assist new entrepreneurs under the new IT policy of nurturing “one product startup a day”, Chief Minister Oommen Chandy said Sunday.

Speaking via video link at the Weekend@Startup Village celebrations, he also announced the setting up of a state-of-the-art Kerala Technology Innovation Zone at the Kinfra Hi-Tech park where India’s first telecom business incubator, Startup Village, is currently located.

The government has also allocated Rs.1.5 million for Startup Village’s flagship programme SVSquare, to “build a bridge between Kochi and California”, enabling young aspiring businessmen and women to experience first-hand the renowned entrepreneurial culture of the global technology capital at Silicon Valley.

Industries and IT Minister PK Kunhalikutty reiterated that no startup with a potentially great and innovative idea will have to suffer for funding.

Source – http://timesofindia.indiatimes.com/city/chennai/Trains-tickets-to-Kerala-for-Onam-week-sold-out/articleshow/21437028.cms

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