Kerala has now single-mindedly focussed on building a successful startup ecosystem. Various social economic and demographic factors add to the paradigm shift and the Government of Kerala has been proactively working on this by creating various programmes to inculcate an entrepreneurship culture in the impending young generations of the state. Kerala, the most developed state in India as per Human Development Index, has taken up creation of the startup ecosystem as a priority area in its growth strategy.
Kerala Startup Mission and its sector specific partner organisations, 2500+ registered startups, 3 Lakh + square feet of incubation space, 35+ incubator, 200+ mini incubators, Future technologies lab. Promote digital fabrication and 22 fablabs including mini fablabs are distributed across different districts. They are implementing body for the Kerala Technology Startup Policy that supports startup ecosystem by means of 9 components such as Infrastructure, Incubators and Accelerators, Human Capital Development, Funding, State Support, Governance, Public Private Partnership, Scaling Existing and Establishing New Incubators and Startup-Boot Up-Scale up model for moving fast from ideas to IPO.
KSUM and Technopark had a very fruitful meeting with Mr Joseph Abraham, Consul for trade and economic affairs of Israel in Bengaluru on 9th December 2021.
The companies within the KSUM Ecosystem can act as a facilitator and partner for Israeli companies to promote their products within the state and state Tender system.
The meeting had a mutual ecosystem presentation and discussion on areas of collaboration. 5 startups from Kerala who interacted with the Consul also found this discussion interesting as they see a lot of scaling up opportunities while partnering with Israeli companies. There are a lot of synergies between the two ecosystems. Sectors like agriculture, fintech, and emerging technologies can become the most common area of collaboration. Kerala can be a launch pad for Israeli startups to open up Indian market. The tech expertise of Israeli startups is something that KSUM and Kerala startups look forward to leverage, perhaps a joint initiative of promoting Kerala – Israel tech collaboration is something that can be planned in the near future.
For more information on this event, contact the Trade and Economic Department at the Israeli Consulate General in Bengaluru.
Contact: Ms. Kavitha S-Trade Officer -Trade and Economic Mission, Consulate General of Israel to South India (Bangalore).
Tel: +91-80-49406515. email@example.com