Four-fold rise in number of startups planned: CM
The Hindu
The State further plans to encourage young entrepreneurs through programmes and collaborations.
Kerala aims at a four-fold increase in the number of startups, taking it to 15,000 in next five years, Chief Minister Pinarayi Vijayan has said.
Launching the at its Kalamasserry-based Technology Innovation Zone virtually here on Saturday, Mr. Vijayan said that technology labs and incubators will be set up to achieve that goal and turn the State into a knowledge society.
Venture funding with a corpus of ₹750 crore will be made available in addition to interest-free loans to startups by KSUM. Additionaly, venture capital worth ₹250 crore is expected from financial institutions like Kerala Bank, KSIDC, KFC and KSFE, Mr. Vijayan said.
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