India got its largest startup ecosystem Sunday when Kerala Chief Minister Pinarayi Vijayan inaugurated a facility housing incubation set-ups across a string of segments in modern technology.
The Integrated Startup Complex under the Kerala Startup Mission (KSUM) includes the ultra modern facilities of Maker Village that promotes hardware startups, the BioNest that promotes medical technologies, BRINC which is the country’s first international accelerator for hardware startups; BRIC which aids developing solutions for cancer diagnosis and care, and a Centre of Excellence set up by industry majors such as UNITY.
After the completion of three more projects, Kerala will have startup and incubation space of 5 lakh sq ft, which will be the largest of this type in the world.
No less than 30 applications for patent has gone from startups with the 13.5-acre TIZ, the CM noted, lauding it as a sign of the high-quality work in the zone. Simultaneously, Kerala was sensing increasing optimism in boosting software export from the state.
M Sivasankar, secretary, IT (Kerala), pointed out that the entire space at the TIZ facility has been sold out.
“This has never happened in our country, where it usually takes a couple of years for an incubator to get the whole area occupied,” he said. “The first three floors of the new complex have been furnished, while the rest of the floors have already got allotted to various startups.”
“The campus has another incubator complex coming up and it will be opened early next year,” Sivasankar said.
Besides the Maker Villager with its 30-odd startups, the facility has nascent firms working in fields such as biotechnology, computer-aided design, augmented/virtual reality and advanced communication.
So – Kerala is “gods own country” for tourism but also a magnet for innovative business. Worth a visit.