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KSUM Aims to Transform State as Deeptech Startup Hub: CEO

In Business
January 27, 2024

With Kerala winning the ‘Best Performer’ award in the States’ Startup Ranking 2022 of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry last week, Kerala Startup Mission (KSUM) aims to transform the state as the hub of deeptech startups, said KSUM CEO Anoop Ambika today.

As part of this, KSUM will set up an Emerging Technology Hub at Technocity for the growth of deeptech startups.

“It will come up at a cost of Rs 1,500 crore in a sprawling area of five lakh sq. ft. at Pallippuram near the capital city,” said Shri Anoop after handing over the ‘Best Performer’ award along with Dr Rathan U Kelkar, Secretary, Electronics & IT, Government of Kerala, to Chief Minister Pinarayi Vijayan at his office.

Ashok Kurian Panjikaran, Senior Manager, KSUM; Surya Thankam, Manager, KSUM; and Varun S, Technical Officer, Government as Market Place Lead, were also present on the occasion.

“Deeptech startups can leverage the immense possibilities of technology. The Emerging Technology Hub will be largely beneficial for startups from the domains of Artificial Intelligence (AI), Machine Learning, Blockchain, Computer Imaging, and other innovative applications needed for burgeoning technologies like Virtual Reality,” Anoop added.

Kerala was adjudged the ‘Best Performer’ in the States’ Startup Ranking 2022, which is yet another testament to the state’s conducive ecosystem for budding entrepreneurs. The entire list of rankings was released on the occasion of National Startup Day.

Those who are interested in associating with the formation of Emerging Technology Hub with suggestions, including possibilities of new technologies and investments, may apply through the link: https://zfrmz.com/7Hwe469CJ7ZmptvSiNP9

The ‘Best Performer’ is the topmost startup ranking level, followed by the ‘Top Performer’ title, which was also won by Kerala earlier for the last three years for providing institutional support to startups, students and women entrepreneurs, besides providing nascent companies enormous opportunities to interact with investors through programmes such as IGNITE. The state’s efforts to encourage startups involved in bringing about ambitious changes in the rural sector also enabled the southern state to win the laurel.

KSUM, which was established in 2006 under the Kerala government, works for entrepreneurship development and incubation activities in the state.