Kerala Chief Minister Pinarayi Vijayan on Sunday inaugurated India’s biggest startup incubator at Kochi. The startup incubator- the Integrated Startup Complex– which is housed inside a 1.8-lakh square-feet facility at the Technology Innovation Zone (TIZ) in Kochi, is the home to host of segments that cater to the modern technology.
The startup incubator, which has been setup under the watchful guidance of the Kerala Startup Mission (KSUM), houses a number of modern facilities such as the Maker Village that promotes hardware startups, the Bionest that promotes medical technologies, BRINC which is India’s first international accelerator for hardware startups, BRIC which aids developing solutions for cancer diagnosis and care, and a Centre of Excellence, that has been backed by some of the prominent tech companies that operate in India.
With the inauguration of the new startup incubator in Kochi, the Kerala government intends to increase the area dedicated to the IT space in the state to 2.3 crore sq ft. In addition to this, the state government is also planning to give 2.5 lakh direct jobs in IT in the state with the long-term aim of fostering social development by facilitating growth in IT sector.
Speaking at the inauguration of the startup incubator in Kochi, the IT Secretary of the state, M Sivasankar, pointed out that the entire space at the TIZ facility has been sold out. “This has never happened in our country, where it usually takes a couple of years for an incubator to get the whole area occupied. The first three floors of the new complex have been furnished, while the rest of the floors have already got allotted to various startups,” he said.
“The campus has another incubator complex coming up and it will be open early next year,” he added at the event.
The Kerala state government intends to expand its incubation space further and after the completion of three more projects, Kerala will have a total startup and incubation space of 5 lakh Sq ft. This will be one of the largest incubation facilities in the world.