Seed-funding of Rs. 500 cr for fresh entrepreneurs

Kerala Startup Mission CEO Saji Gopinath has said the State government’s entrepreneurship promotion programme will not be restricted to colleges but will also encompass start-ups in rural areas and in the social sector.

Speaking at a start-up support event organised by TiE Kerala for budding entrepreneurs, he said the government would extend support to aspiring entrepreneurs from the IT workforce. New enterprises are in urgent need of financial support, and the plan is to make a seed-funding of Rs. 500 crore available to fresh entrepreneurs in the next two years with the support of the private sector, he said.