22
Wednesday
August 2018
3:13 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Kerala News
State govt to support private IT incubators and accelerators
 
(Thiruvananthapuram, Nov 18, 2017): In a significant push to expand IT incubation space and encourage startup ventures, the Kerala government has approved support for private entities and tie-ups with national and global agencies for setting up incubators and accelerators in the state.

The Pinarayi Vijayan-led government has also decided to revise norms in the state IT policy to align with the national Startup India campaign, providing greater incentives to startups in Kerala.

State IT Secretary M Sivasankar issued orders in this regard this week following a proposal from the Kerala Startup Mission (KSUM) on schemes to develop an additional 500,000 sq ft of incubation space outside of the existing incubators in Thiruvananthapuram, Kochi and Kozhikode.

KSUM recommended the participation of private sector to help realise the goal of the 2014 Kerala Technology Startup Policy of creating one million sq ft of IT incubation space, a statement said here.

It will be a major step towards achieving the target outlined in the IT policy 2017 of creating 10 million sq ft of office space to provide direct and indirect employment to 2.5 lakh people, it said.

"We have set ambitious goals for our IT sector and this is an important step in realising them.. Private sector participation will strengthen both our startup infrastructure and ecosystem.. the government is willing to incentivise such partnerships," Sivasankar said.

As per the order, the state government will support private entities with proven experience in startup mentoring to set up incubators or accelerators in the state, with capital, operational and promotional assistance, as per norms.

It may also tie-up with national and international agencies for mentoring and incubation support, it said.

The agencies are classified into three groups for specific incentives.

"We have been assigned to extend support to the agencies in accordance with the IT policy," said KSUM CEO Saji Gopinath.

The incubators would receive operational and internet support for a period of five years, and all incubatees would be eligible for our promotional schemes such as startup boxes, grants, seed funds, cloud credits and so on, he said.

"These facilities will be monitored closely and subject to appraisals," the official added.(PTI)


Special Assembly session on August 30
Kerala teen gets arrested for spreading fake news
UAE offers Rs 700 crore for Kerala
When nature let us go there, I plan to help people rebuild their homes, says Rohini
Bodies found as flood recedes
28 more services from Trivandrum International airport
Kerala flood: Papa CJ expressed his willingness to perform at fund-raiser programmes
Declare Kerala floods a national disaster: Rahul Gandhi asks PM
PM announces an interim relief of Rs 500 Cr
PM's aerial survey called off
Pregnant woman airlifted by Navy gave birth to baby boy
Pregnant woman airlifted by Navy gave birth to baby boy
Fuel stations run short of stock is a false campaign
CM warns against spreading fake 'flood' news
Excess water will not be released from Idukki dam
CM cancels Onam festivities in the state
Dileep will not get the visuals: HC rules
E.P.Jayarajan sworn in as a minister
KSRTC Bus - lorry collision at Kannur; 18 injured
CPM worker stabbed to death
ENTERTAINMENT NEWS
Amala Paul injured while filming a stunt sequence for Adho Andha Paravai Pola
 Chennai: Actress Amala Paul met with an accident while shooting a stunt sequence for her upcoming mo  
Deepveer to tie the knot on November 20 in Italy
Maradona - People will love this guy
Kinavalli - Where six friends and a ghost meet
INTERNATIONAL NEWS
6.9 magnitude earthquake hit Indonesia's Lombok
 (Lombok, Aug 17, 2018):An earthquake of magnitude 6.9 on Richter scale rocked the island of L
12 of Imran’s 21 cabinet members held key posts during Musharraf regime
Imran Khan Elected New Pakistan PM, Seen In Tears After Vote
'He's innocent': US threatens more sanctions on Turkey if pastor not freed
NATIONAL NEWS
SC judges to contribute to Kerala flood relief fund
 New Delhi: The judges of the Supreme Court will contribute to the Kerala flood relief fund, Chief Ju
Rahul Gandhi Demands More Fund, Kiren Rijiju Says 'no Politics'
West Bengal govt to give Rs 10 crore for Kerala flood relief: Mamata Banerjee
Swami Agnivesh assaulted on way to pay homage to Atal Bihari Vajpayee in New Delhi
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.