The Young Entrepreneurs Summit (YES), a great initiative to nurture entrepreneurship among youth, being organised by the State Industries Department in association with the Kerala State Industries Development Corporation (KSIDC) at Angamaly on September 12th. The event became a great platform for young entrepreneurs to explore and experience thoughts on innovative ideas for business and technology. The state government is happy to lend a hand to young entrepreneur by increasing the space at the #Kochi Startup Village to five lakh sq.ft by 2018. K Babu, Minister for Fisheries, Port and Excise inaugurated the Young Entrepreneurs Summit by lighting the traditional lamp. PK Kunhalikutty, Minister for Industries and IT, VK Ibrahim Kunju, Minister for Public Works, Jose Thettayil MLA, PH Kurian, Principal Secretary, Industries and IT and Aruna Sundararajan IAS, Additional chief secretary and MD #KSIDC were present on the event.

In the YES event new thoughts and new ways of entrepreneurship emerged and it became a great stage for young business innovators. The government will announce a startup and innovation policy to attract more youngsters towards entrepreneurship, Chief Minister Oommen Chandy has said. The state government was offering support to the young and aspiring entrepreneurs to build a vibrant and ‘job creating’ Kerala and turn the state from the land of job seekers to a land of job creators, said PK Kunhalikutty, minister for industries and information technology. “At the time of Emerging Kerala, we set a target of starting 1,000 companies in 10 years. After two years, 777 companies have started in the state, including 276 student enterprises. As of now, 4,897 applications are pending with various incubators in Kerala. Though the state is far ahead in social, healthcare and education sectors, we had not made any substantial gains in terms of economical development. Now, we have to think about developing our infrastructure and increasing per capita income. For this, we have to change our mindset and respond positively to changes,” Oommen Chandy said.

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