Kerala has become the home to the first ever PPP (public-private-partnership) telecom-based incubator start-up village in the country. This innovative venture was inaugurated by Kris Gopalakrishnan, co-founder, Infosys, who is also the mentor of the village. This village will have over 1000 start up companies over a period of 10years. Situated at Kinfra Park in Kalamassery, Ernakulam this project is likely to be an important milestone in the industrial map of the state in the days ahead.
Startup Village is a joint venture of the National Science and Technology Entrepreneurship Development Board (NSTEDB) under the DST, GoI and the Technopark, in collaboration with MobME Wireless. The start up village will ensure state of the art facilities and a conducive atmosphere for the development of start up entrepreneurial ventures, which typically face a lot of hurdles and challenges in the initial stage before getting themselves established. The start up village will throw open various job openings in the telecom sector and will go a long way in heralding a fresh IT revolution in the State. The village will have 4G network, telecom labs, well furnished office spaces, innovation zones intellectual property services, video conference rooms and added advantages like three-year service tax holiday to fund building startups. Novel concepts like start up villages are well suited for states like Kerala, which has a large resource pool of well qualified professionals.