Kerala Government to launch startup incubators in coir sector

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Alappuzha: Here is some good news for young entrepreneurs who want to start a venture in coir sector. The State government has decided to launch a startup incubator for promoting young coir entrepreneurs, along the lines of the Kochi-based Startup Village.

Minister for Revenue & Coir, Shri Adoor Prakash said that the Government is taking all measures to attract young entrepreneurs to the coir sector. “We have already initiated discussions with the people behind Startup Village to launch a similar project in coir. Another round of meeting will be held soon in Thiruvananthapuram to take the project forward”.

Coir Secretary, Rani George said the Government will introduce an incubation and innovation fund for young entrepreneurs who want to launch their business ventures in coir. To begin with, the National Coir Research and Management Institute (NCRMI) will work as the nodal agency for the business incubator project.

Once the project is implemented, any young person wanting to launch an enterprise in coir would only need to walk into the offices of the NCRMI with their project details. The officials will analyse the proposal in detail and provide feasible projects the necessary support to launch it.

Approved projects will be given seed money, and the entrepreneurs will be able to use the office space and facilities at the incubator. The officials concerned would monitor the operations and once the business gets up and running, it can move out of the incubator.

“Through this project, we aim to bring in more young people into the coir industry. We hope to streamline the project and launch it in another six months’ time,” she added.

Meanwhile, while speaking at the valedictory function of Coir Kerala 2014, the Coir Minister said that the State Government will soon extend the income support scheme, which is being given to coir workers in societies, to thousands of coir workers in the private sector.

He added that the government was aware of the issues faced by the lakhs of coir workers in the State and would take all necessary steps to bring smiles to their faces. “The coir societies should develop into coir exporters and there were a few examples of societies in the State which through dedication and hard work had become exporters of coir mats and mattings.

Kerala Biz News

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