A NASSCOM report on Tech Start-ups in the country has listed Trivandrum and Kochi as the next emerging destinations in Kerala. The report has underlined the fact that there is an entrepreneurial culture gaining momentum in Kerala. The number of start-ups currently operational in the state is around 700.
There are also about 15 business incubators that boost the start-up ecosystem in the state. The Technopark Technology Business Incubator (T-TBI) in Trivandrum is India’s first and most successful non-academic business incubator. A joint venture by Technopark Trivandrum and the Department of Science and Technology (DST), Government of India, it was launched in 2006 and currently hosts more than 200 of India’s most promising start-ups.
The Startup Village in Kochi is another technology business incubator that has contributed immensely to the entrepreneurial culture evolving in the state. It is the country’s first incubator to be funded jointly by the public and private sector. It is promoted by the Department of Science and Technology, Government of India, Technopark Trivandrum and MobME Wireless. The Village has produced 533 start-ups and created a total of 2,889 jobs last year.
In addition to this, government and private players are planning to launch more incubators in the future. The other locations featuring in NASSCOM’s list include Delhi-NCR, Bangalore, Kolkata, Ahmedabad, and Jaipur. Bangalore remains the hottest destination for start-ups, followed by Delhi-NCR. Overall, India is the fourth fastest growing start-up destination in the world, after US, UK, and Israel. The country has more than 3,100 start-ups, of which 800 were added in 2014 alone. If this trend continues, there will be 11,500 start-ups generating 2.5 lakh jobs in the country by 2020.