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Kochi inaugurates India's biggest startup incubator

Updated: Jan 15, 2019 05:39:40am

Kochi inaugurates India's biggest startup incubator

New Delhi, Jan 15 (KNN) India's biggest startup incubator which is housed inside a 1.8-lakh square-feet facility at the Technology Innovation Zone (TIZ) was inaugurated by Kerala Chief Minister Pinarayi Vijayan at Kochi.

The startup incubator, which has been setup under the watchful guidance of the Kerala Startup Mission (KSUM), houses a number of modern facilities such as the Maker Village that promotes hardware startups, the Bionest that promotes medical technologies, BRINC which is India's first international accelerator for hardware startups, BRIC which aids developing solutions for cancer diagnosis and care, and a Centre of Excellence, that has been backed by some of the prominent tech companies that operate in India.

The Kerala government intends to increase the area dedicated to the IT space in the state to 2.3 crore sq ft.

In addition to this, the state government is also planning to give 2.5 lakh direct jobs in IT in the state with the long-term aim of fostering social development by facilitating growth in IT sector.

"This has never happened in our country, where it usually takes a couple of years for an incubator to get the whole area occupied. The first three floors of the new complex have been furnished, while the rest of the floors have already got allotted to various startups," said M Sivasankar, IT Secretary of the state.

"The campus has another incubator complex coming up and it will be open early next year," he added.


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