Trivandrum: Startups should develop apps for society’s benefit and this would help them flourish. Well, that would be the mantra for success for Start-ups in Kerala, according to M Sivasankar IAS, IT Secretary, Government of Kerala. He gave this advice to start-ups while addressing the ‘Seeding Kerala’ event organised by the Kerala Startup Mission, with support from Lets Venture and Konglo Ventures.
Sivasankar also called upon the start-ups to develop Government specific applications especially in the view of the recently issued Government Order which enables Government Departments to purchase two mobile apps worth Rs. Five Lakh each from Startups without going for tender. This would give a boost to e-governance initiatives of the Government. He also asked the Startups to make use of the Demo Day and Idea Day initiatives as an occasion to interact with the Government and to know their requirements.
The IT Secretary also mentioned that the startup ecosystem in Kerala was a well kept secret and this should be kept so till we hit a critical mass. However, quality mentoring and facilitating investments were missing but events like Seeding Kerala would go a long way to fulfil this gap. “I hope Seeding Kerala tackles the issue of funding for start-ups.”
About 110 Startups and 25 young Investors, basically HNIs from Kerala are attending the two day event being held at the Park Centre in Technopark campus. How to invest in Startups and How Startups has to prepare to get funding from investors are the key takeaways of the event.
In his remarks, Dr. Jayasankar Prasad, CEO of Kerala Startup Mission said that the last one year has been fabulous for start-ups in Kerala. “We have taken an integrated approach for developing the startup eco-system in Kerala and with this event; we have been able to bring together all the stakeholders on a single platform. In the last two years, Kerala Startup Mission could channelize investments worth about Rs.540 crores to start-ups.”
The two day event would also see Startup Policy discussions with government officials and investors. This will enable policy decisions and schemes favourable for the startups which would in turn boost the ecosystem. The startups will also be given opportunity to speed date with the investors and pitch for funding.
Kerala Biz News