'Emerging Kerala' was a much debated event which just got concluded in Kerala. The event witnessed participation of investors and public and private sector industry officials. Many projects were presented at the event targeting the industry growth in Kerala especially the telecom sector.
One of the noted proposals was from Startup Village for setting up world’s largest telecom incubator infrastructure facility in Kerala. The idea is to encourage innovation and R&D in the field of telecom through nurturing student activities and showcase these products to the global market.
Startup Village is proposing to built a space of around 100,000 sq feet which would require an investment of the order of Rs 100 crore. There has been renewed focus on the implementation and the project officials have already rolled out a time bound plan to build 25,000 sq feet by May, 2013 and the remaining 75,000 sq.feet by January, 2014.
Mr Oommen Chandy, honorable CM of Kerala while speaking on this initiative told the media “We will further strengthen the entrepreneurial ecosystem to accelerate this transformation by providing infrastructure in the form of a TIZ (Technology Innovation Zone) in about 10 acres of land in Kochi with an initial investment of Rs. 100 crores." Startup Village initiative is led by Mr Sanjay Vijayakumar who himself is a student entrepreneur and now CEO of a successful firm, MobMe Wireless Solutions Pvt.Ltd. According to him StartUp village has already received over 250 applications since its inauguration five months ago.
Central government and state government of Kerala are keen to encourage Public-Private Participation model and this new initiative from StartUp village is seen as a right move in the right direction. The TIZ once it is set up will provide operating space at low cost to start up companies, where as the infrastructure will be managed by the Government.