Seeding Kerala-2 proposal govt funding for start-ups

Seeding Kerala-2 proposal govt funding for start-ups

Posted by M.Venkatesh on June 19th 2017

Kerala State IT Secretary M Sivasankar proposed the setting up of a government-partnered funding system for startups, including a virtual platform where entrepreneurs can network with investors, find seed funding and market their products, to create a vibrant startup ecosystem in the state.

Speaking during the opening day of the ‘Seeding Kerala-2’ meet organised by the Kerala Startup Mission (KSUM) at Rajagiri School of Engineering and Technology here, he said the virtual platform would help young entrepreneurs tackle one of the most difficult aspects of building a startup. KSUM is the state nodal agency for Kerala’s technology startup ecosystem
“With more number of youngsters coming up with bright ideas, a virtual platform for seed funding would be ideal as finding investments to raise the business is the most challenging part. This platform can even be used for one-on-one meetings for business purp.oses and get more traction for the products,” Sivasankar said.

KSUM CEO Saji Gopinath said a funding system at government level for start-ups will be a pioneering initiative in the country.Source The New Indian Express










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