TRIVANDRUM: Kerala has set a target of having more than 15,000 startups and 2,00,000 jobs in emerging technologies within five years, Chief Minister Pinarayi Vijayan said on Saturday. He inaugurated the third edition of the ‘Huddle Global 2022’ organized by the Startup Kerala Mission (KSUM).
Additionally, the Chief Minister opened the first Fintech Accelerator and Finisher School in the state on the sidelines of the two-day conclave which brings together global leaders in the startup ecosystem to enhance networking and forge partnerships.
Vijayan said the state government plans to establish an emerging tech startup hub in the state capital modeled after the Kochi facility.
“Startups being the future of the country, Kerala is committed to providing the right ecological system. Our startups have raised Rs 3,200 crore in equity investments since 2015,” he said. Along with the start-up infrastructure in the technology innovation zone, Kochi, the government is considering a similar campus in Thiruvananthapuram to focus on emerging technologies,” he said.
Huddle Global 2022′ offers startups a platform to showcase products and interact with technology/industry leaders in addition to providing them with the opportunity to explore ways to get ahead in the emerging world of Covid-19 .
Given that India is one of the largest startup ecosystems in the world with over 55,000 startups, the government is aware of the importance of each state’s contribution to the overall development of this national startup ecosystem.
READ ALSO | SMEs and startups to benefit from India-UAE bilateral trade pact
“The Startup India ranking places Kerala among the best Indian states for startup environment,” Vijayan said. Stating that the approach taken by schools, colleges and the professional ecosystem has created innovative startups, he said that various government initiatives such as IEDC (Innovation and Entrepreneurship Development Centers for colleges), YIP (Young Innovators Programme), incubation and acceleration programs, business innovation, etc. have made Kerala the best place to start and grow businesses.
Minister of Industries, Law and Coir P Rajeev in his presidential address at the gathering said that Kerala has built a unique model to nurture startups from ideation to seeding stage. ‘ladder.
KSUM is dedicated to promoting global entrepreneurship to strengthen the startup community in the state as well as across the country. Huddle Global’s goal is to create an environment where passion meets purpose to learn, network, bridge the gap between businesses, expose potential and see real results, he added.
In his video message, Alderman Vincent Keaveny, Mayor of the City of London and partner at business law firm DLA Piper, said India is set to become Asia’s premier fintech hub, while as the UK is Europe’s leading fintech hub. Keaveny added that Kerala is reaching new heights in technology by becoming a stable model ecosystem for startups.
The Fintech Accelerator and Finishing School is an initiative of Open Financial Technologies, based in Kochi, in collaboration with KSUM to support startups offering fintech solutions. Open Financial would invest Rs 200 crore for the next five years under the Center of Excellence (CoE) and Fintech Accelerator. Open Fintech Accelerator would launch its first cohort from March 1.
On the first day of the event, KSUM signed MoUs with Google for Startups, Habitat, Jetro, Global Accelerator Network, I Hub Gujarat, NASSCOM and CSL, among others. One of Asia’s largest startup ecosystem congregations and India’s largest networking platform for entrepreneurs, the event focuses on business, investment and partnership opportunities for entrepreneurs. startups in a context of sustained struggle against the impasse induced by the pandemic.
The event, which includes keynote sessions, leadership talks, technology talks, startup demonstration and other business-oriented activities, has a startup exhibition of global and Kerala-based startups . There are also presentation sessions and dedicated mentoring sessions.
The event takes place on a platform created by KSUM to accommodate more than 2,000 people. Kerala IT Parks is also joining KSUM in the conference.