The Mayor of the influential US city of Menlo Park said up to 100 technology startups from Kerala could be given a chance to travel to the Silicon Valley to learn about the nuances of building a billion dollar tech company.
Catherine Carlton, who is leading a three-member delegation on a six-day visit to Kerala, toured the Startup Village incubator and interacted with the officials and young entrepreneurs here.
“We are extremely impressed by the talent of the youngsters here as well as by the kind of support that the government is extending. We will be very pleased to welcome selected startups, possibly 100 companies this year, to Silicon Valley and provide them an opportunity to expand and grow their business there”, Ms Carlton said. “We can also extend support in identifying potential markets in the US.”
Source Startup Buzz
Kochi-based Startup Village has received a record 527 applications in March from young entrepreneurs keen to set up technology businesses.
In February, 286 would-be entrepreneurs expressed interest in signing up with the incubation programme at Startup Village while it doubled the number of applications over one month
The success stories of companies nurtured by incubators such as Startup Village and Technopark TBI have played a key role in driving the entrepreneurship movement in Kerala. And the state government has actively promoted it, particularly through policy frameworks and infrastructure support.
A task force formed by the State Planning Board Vice Chairman Mr K M Chandrasekhar has now entrusted KSIDC Managing Director Ms. Aruna Sundararajan IAS, CII Kerala Chairman and Federal Bank CEO Mr Shyam Srinivasan and Startup Village Chairman Mr Sanjay Vijayakumar to come up with a roadmap to create a world-class startup ecosystem in Kerala. They are expected to submit their report by April 30.
The proposals in the State Budget to support young entrepreneurs will redefine Kerala’s entrepreneurial culture and investment climate. The state government’s proposals to set aside Rs 25 crore for the Comprehensive Mission on Employment Generation Activities (MEGA) and the Rs 12 crore allocation to provide financial support to 1,000 startups for two years will result in an entrepreneurship boom in the state.
The total outlay for entrepreneurship development is now around Rs 200 crore, up from Rs 43 crore last year.Rs 10 crore set aside as Infrastructure Gap will invite more private sector investment into this area”.
See more at: http://www.startatsv.com/startup-village-welcomes-kerala-budget-2015/#sthash.eAo6Q6Bh.dpuf