Kerala targets 3,000 new IT companies by 2020
Kerala aims to have at least 3,000 IT companies by 2020 under the state's new Seed Support System for early-stage investment to assist new entrepreneurs under the new IT policy of nurturing "one product startup a day", Chief Minister Oommen Chandy said Sunday. Speaking via video link at the Weekend@Startup Village celebrations, he also announced the setting up of a state-of-the-art Kerala Technology Innovation Zone at the Kinfra Hi-Tech park where India's first telecom business incubator, Startup Village, is currently located. Startup Village is the first public-private partnership incubator in the telecom sector of the country located here and has already an innovation zone set up byBlackBerry. The new hub will have a built-up space of 500,000 square feet with all facilities required for a world class innovation ecosystem and will nurture startup companies across a number of sectors including IT and biotechnology. The ...