Kochi: The Kerala State Industrial Development Corporation (KSIDC) has opened an Incubation Centre at the Rajagiri College of Social Sciences here. The Minister for Industries, Shri E P Jayarajan inaugurated the incubation centre and also a start-up mentoring session conducted by KSIDC.
In his address, the Minister said, “The Incubation Centre was established at the college with the support of KSIDC. Similar incubation centres will be opened in all colleges of Kerala under various universities.”
P H Kurian, Principal Secretary – Industries announced that the fund to support startups is ready to be channelled to the deserved. He also added that 140 incubation centres in Kerala are maintaining high standards in their functioning.
Dr. M Beena, Managing Director of KSIDC claimed that 32 startups have been financed by them so far and among them one had acquired financial help overseas. She added that each start-up is eligible for a funding of an amount up to Rs. 25 lakh from KSIDC.
The business mentoring session was held as part of the continuation of a series of projects that KSIDC has been carrying out for the benefit of young entrepreneurs. Nearly 150 entrepreneurs chosen from KSIDC’s existing Incubation Centres, and colleges participated in the mentoring session.
The mentoring session was held with the support of TiE-Kerala. The session was led by experts including Rajesh Nair, President TIE-Kerala; Padmaja Ruparel, President, Indian Angel Network; C Balagopal, Former Chairman, Terumo Penpol; and Shiju Radhakrishnan, CEO, I-Traveller. The session discussed varied topics including the main challenges of entrepreneurship, the sources for financial support, and the path traversed by young entrepreneurs in realizing their business dreams.
The Incubation Centres have been conceived by KSIDC to provide the required encouragement for realization of unique venture ideas of student entrepreneurs, in collaboration with colleges and universities.
As a part of this, the Incubation Centre at the Rajagiri College has been established in a 1,300 sq. ft. space, with advanced facilities. Nearly 25 student entrepreneurs can use this facility.
Fr. Jose Alex, Director of the Rajagiri Group of Institutions; Madhavan Nambiar, Chairman, Investment Promotion Board; and Dr. Binoy Joseph, Principal, Rajagiri College; were also present on the occasion.
Kerala Biz News