Centre to Plan More Seed Funds & Incubation Centres: Startup India head Speaking at the inauguration of the Kerala Innovation Festival (KIF) organised by the Kerala Startup Mission (KSUM) in Kalamassery, Venkatesh noted that these efforts go beyond the financial support provided by the IT Ministry.

By BIZ Experiences Staff

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Freepik

The central government is ramping up efforts to strengthen seed funding and expand incubation centres to foster the startup ecosystem across the country, said Mamatha Venkatesh, Head of Startup India, during an event in Kochi on Friday.

Speaking at the inauguration of the Kerala Innovation Festival (KIF) organised by the Kerala Startup Mission (KSUM) in Kalamassery, Venkatesh noted that these efforts go beyond the financial support provided by the IT Ministry. She added that startups from various sectors could also access assistance from other government departments.

Describing Kerala's startup ecosystem as the "most vibrant" in India, she pointed out that the state achieved 100 per cent registration under the Startup India programme. She urged BIZ Experiencess to leverage central government initiatives such as the Government e-Marketplace (GeM), the INR 1 lakh crore Fund of Funds, and the Credit Guarantee Scheme. She also highlighted the encouraging statistic that 48 per cent of startups in the country are founded or co-founded by women.

State Planning Board member Mini Sukumaran acknowledged that women's participation in the workforce remains low, despite increasing enrolment of girls in higher education across Kerala. She stressed the need to bridge this gap and said the state government is working urgently on it. The Planning Board has proposed several recommendations to make the gender budget more impactful, she added.

KSUM CEO Anoop Ambika said the agency is introducing more initiatives to support angel funding for early-stage startups. "Kerala currently has four angel networks, and the success of more startup ecosystems will attract further interest from angel investors," he said.

The Kerala Innovation Festival features over 100 participants from sectors such as film, music, technology, fintech, and social BIZ Experiencesship.

This two-day event celebrated a decade of the Kerala Startup Mission, which was launched with the Technology Startup Policy in 2015.
BIZ Experiences Staff

BIZ Experiences Staff

Editor

For more than 30 years, BIZ Experiences has set the course for success for millions of BIZ Experiencess and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

By Ben Angel
Business Solutions

Boost Team Productivity and Security With Windows 11 Pro, Now $15 for Life

Ideal for BIZ Experiencess and small-business owners who are looking to streamline their PC setup.

By BIZ Experiences Store
News and Trends

Reliance Retail Launches FMCG Brand 'Independence' In Gujarat

Independence includes diverse categories such as staples, processed foods, beverages, among other daily essentials

By Shrabona Ghosh
Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

By Emil Barr
Science & Technology

AI Isn't Plug-and-Play — You Need a Strategy. Here's Your Guide to Building One.

Don't just "add AI" — build a strategy. This guide helps founders avoid common pitfalls and create a step-by-step roadmap to harness real value from AI.

By Nicholas Leighton