India's largest startup ecosystem inaugurated in Kochi

India got its largest startup ecosystem on Sunday when Kerala Chief Minister Pinarayi Vijayan inaugurated in Kochi a 1.8-lakh-square-feet facility housing incubation set-ups across a string of segments in modern technology.

The Integrated Startup Complex under the Kerala Startup Mission (KSUM) includes the ultra modern facilities of Maker Village that promotes hardware startups, the BioNest that promotes medical technologies, BRINC which is the country's first international accelerator for hardware startups; BRIC which aids developing solutions for cancer diagnosis and care, and a Centre of Excellence set up by industry majors such as UNITY.

Overall, the Kerala Government is working for the state to have a total area of 2.3 crore sq ft of IT space (up from 1.3 crore sq ft last year).

The opening of the new complex at the Technology Innovation Zone (TIZ) is a major step towards achieving the objective, Vijayan said in his speech at KINFRA Hi Tech Park, Kalamassery.

"We are also planning to give direct jobs to 2.5 lakh in IT," he said, adding that the government was working to ensure that information technology fosters social development.

After the completion of three more projects, Kerala will have startup and incubation space of 5 lakh sq ft, which will be the largest of this type in the world.

(Agencies)