Kerala will Provide All Facilities to Startup Investors: IT Secretary

Thiruvananthapuram: The State Government will announce its Startup policy along with IT policy, said M Sivasankar IAS, Principal Secretary, IT.

He was addressing investors and startup entrepreneurs at ‘Seeding Kerala’, a two-day workshop organised by Kerala Startup Mission (KSUM) in association with LetsVenture and Konglo Ventures at Technopark recently. The IT Secretary said that KSUM would provide all facilities to investors who come to support Kerala-based startups. “It has come to our notice that startups mainly receive funding from outside the State. KSUM will extend complete support to investors, including facilities to open their offices here,” he said.

After discussions with various stakeholders, Sivasankar said that investors are generally satisfied with the functioning of startups in Kerala. “Now we have to take this forward by chalking out a plan of action. The Government will also ensure that our startups receive funding for scaling up. In this regard, the Government will hold further discussions with venture capitalists,” the Secretary said. Dr. Jayasankar Prasad, CEO, KSUM was also present.

‘Seeding Kerala’ presented an excellent opportunity for entrepreneurs to know about the current trends in funding and predictions for 2017. C Balagopal, Founder, Terumo Penpol;  Varun Chandran, Founder and CEO, Corporate360; Mahesh Murthy, Angel Investor; Shanti Mohan, Co-Founder, Let’s Venture; Vinod Jose, Partner, Konglo Ventures; Venugopal Sathyanarayana, Investment Advisor, Qualcomm Ventures and Afsal Salu, Co-founder, Delyver were among the dignitaries who spoke at the event.