Kerala startup ecosystem registers 254 per cent growth: Study
6 months, 1 week ago

Kerala startup ecosystem registers 254 per cent growth: Study

New Indian Express  

KOCHI: According to The Global Startup Ecosystem Report 2024 released by a leading development organisation, the value of Kerala’s startup ecosystem has shown a compound growth of 254% between July 1, 2021, to December 31, 2023, compared to the July 1, 2019, -December 31, 2021, period. The extensive analysis is done with data from 4.5 million startups across 300 global ecosystems and over a decade of independent research. The investment received by startups in the past two years is Rs 1,200 crore compared to Rs 207 crore received up to 2016.” Taking to Facebook, Industries Minister P Rajeeve said, “In terms of the affordable talent index also our state has the fourth position in Asia. It should be noted that Kerala has made brilliant progress in the most authoritative report made by an organisation that studies around 4.5 million startups from across 300 global ecosystems,” he added.

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History of this topic

TN achieves milestone with 10,000 DPIIT-registered startups
1 day, 15 hours ago

TN achieves milestone with 10,000 DPIIT-registered startups

Deccan Chronicle  

Chennai: Tamil Nadu has achieved a milestone by registering over 10,000 startups with the Department for Promotion of Industry and Internal Trade, under the Union Ministry of Commerce and Industry, the state government said on Sunday StartupTN has played a crucial role in nurturing the ecosystem by implementing various schemes and initiatives like funding programmes, mentorship opportunities and incubation support, …

TiE Kerala aims to create robust business ecosystem
2 weeks, 5 days ago

TiE Kerala aims to create robust business ecosystem

New Indian Express  

KOCHI: The 13th edition of TiEcon Kerala, the state’s largest entrepreneurial conference, commenced at the Hotel Grand Hyatt, Kochi Bolgatty, on Wednesday. The event, organised by TiE Kerala, brought together a diverse group of entrepreneurs, investors, business leaders, and innovators to discuss the state’s growing role in global business landscape. TiE Kerala president Jacob Joy, while sharing the vision for …

Public procurements may come with startup quotas
3 weeks ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

Kerala reports encouraging growth in National Pension System adoption
3 weeks, 4 days ago

Kerala reports encouraging growth in National Pension System adoption

New Indian Express  

KOCHI: Kerala has emerged as a frontrunner in the adoption of the National Pension System. According to statistics released by the Pension Fund Regulatory and Development Authority, the state has shown impressive growth in NPS adoption, particularly among corporate subscribers under the age of 30. As of November 2024, the total Assets Under Management for NPS and the Atal Pension …

Year of Enterprises campaign clocks 3 lakh units, ₹18,943 crore in investments
2 months, 4 weeks ago

Year of Enterprises campaign clocks 3 lakh units, ₹18,943 crore in investments

The Hindu  

The ‘Year of Enterprises’ campaign, initially launched under an initiative of the Department of Industries and Commerce under the Kerala government to facilitate registration of one lakh new enterprises in the State during 2022-23 is into its third year. Industries Minister P. Rajeeve said in a social media post that around one lakh of the new enterprises came up in …

How Kerala is improving its investment ecosystem
3 months ago

How Kerala is improving its investment ecosystem

India Today  

For long, Left-ruled Kerala fought the perception of being not so investor-friendly. Union minister of commerce and industry Piyush Goyal presented the Business Reforms Action Plan ’22 award of the Department for Promotion of Industry and Internal Trade to P. Rajeev, Kerala’s minister for industries. Of the 30 sectors reviewed, Kerala was ranked the highest in the online single window …

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi
4 months, 3 weeks ago

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi

New Indian Express  

NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha. He stated that the Government, to build a strong ecosystem for nurturing innovation, startups, and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on January …

Kerala's revenue soars to Rs 77,000 cr
7 months ago

Kerala's revenue soars to Rs 77,000 cr

Deccan Chronicle  

“We've managed a record increase in the state's own revenue even as the Centre financially squeezes us. The state's own tax revenue rose from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24,” Balagopal said. “Without this increase, Kerala's economy would have collapsed due to the central government's anti-state policies.” The minister also noted that the state government …

Telangana retains premier position in startup rankings; funding, capacity-building ecosystem major drivers
11 months, 1 week ago

Telangana retains premier position in startup rankings; funding, capacity-building ecosystem major drivers

The Hindu  

Telangana, along with six other states, has maintained its position as a top performer in developing startup ecosystems for budding entrepreneurs, according to the ranking of states and union territories by the Department for Promotion of Industry and Internal Trade, Government of India. During 2022-23 financial year, Telangana, India’s 11th largest State, contributed approximately 4.5% of the country’s Gross Domestic …

National Startup Day: Visionaries speak on new ventures’ role in driving growth
11 months, 1 week ago

National Startup Day: Visionaries speak on new ventures’ role in driving growth

Live Mint  

National Startup Day: In recent years, Indian startups have experienced extraordinary growth, propelling the country to the position of the third-largest startup ecosystem globally. Celebrating National Startup Day on January 16, key figures in the startup ecosystem shared insights on the crucial role the new ventures played in shaping India's future. India recorded over 112,718 DPIIT-recognised startups spanning 763 districts …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 2 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

How startups changed Thiruvananthapuram
1 year, 6 months ago

How startups changed Thiruvananthapuram

Live Mint  

THIRUVANANTHAPURAM : More than 30 years ago, Martijn Van Der Spek arrived in Thiruvananthapuram, Kerala’s capital city, for a short stint as a student from The Netherlands. The company reportedly raised more than $50 million last year, opened a second office in the US, and announced a strategic tie-up with the Straumann Group, the world’s leading manufacturer of dental implants …

Industrial investments: The Kerala story
1 year, 6 months ago

Industrial investments: The Kerala story

The Hindu  

The incongruence between Kerala’s social and economic development has been a part of discourses on development trajectories. A combination of right policies, institutional support and the ramping up of necessary infrastructure could mark the beginning of a new Kerala story — that of a State pursuing late industrialisation. Analysis of data published by the Annual Survey of Industries for the …

Women start-ups, entrepreneurs on the rise in Kerala: Kerala Startup Mission report
1 year, 9 months ago

Women start-ups, entrepreneurs on the rise in Kerala: Kerala Startup Mission report

The Hindu  

There has been a significant increase in the number of women start-ups and entrepreneurs in Kerala spurred by various schemes and projects implemented by Kerala Startup Mission. According to a report released by KSUM on the eve of International Women’s Day, the number of women start-ups under KSUM has gone up to 233 in the first three months of 2023 …

Kerala Budget 2023-24: Govt to allocate ₹1,000 crore for ’Make in Kerala’
1 year, 10 months ago

Kerala Budget 2023-24: Govt to allocate ₹1,000 crore for ’Make in Kerala’

Live Mint  

Kerala Finance Minister KN Balagopal on 3 February presented the state Budget for fiscal 2023-24 in the State Assembly and allocated ₹1,000 crore for 'Make in Kerala'. Under 'Make in Kerala', the minister said that facilities and infrastructure will be developed to increase domestic production, as well as employment, entrepreneur, investment opportunities in Kerala. According to the report, Kerala imported …

Sustainable funding and the Indian start-up ecosystem
2 years ago

Sustainable funding and the Indian start-up ecosystem

Hindustan Times  

India saw a staggering jump of 15,400% in the number of start-ups in just six years, going from 471 in 2016 to 72,993 in 2022. Despite the advancements made, India's businesses still face enormous obstacles that must be overcome if India is to become the world's leading start-up destination. The start-up ecosystem needs to create solutions that help companies in …

India’s startup ecosystem should adapt to tight money conditions
2 years, 3 months ago

India’s startup ecosystem should adapt to tight money conditions

Live Mint  

India has emerged as the third largest startup ecosystem in the world, with 107 unicorns with a total valuation of $340.79 billion, as of 7 September 2022. The reason for such a ‘funding winter’ is to be traced to global macroeconomic developments, especially changing interest rate regimes between 2020 and 2022. The Fed also provided forward guidance on the future …

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal
2 years, 4 months ago

75,000 Startups Recognised In India So Far, This is Only Beginning: Goyal

News 18  

Commerce & Industry Minister Piyush Goyal on Wednesday said 75,000 startups have been recognised in India and the startup ecosystem here continues to be fuelled by innovation, enthusiasm and entrepreneurial spirit. India is now home to 75,000 startups in the 75th year of Independence and this is only the beginning,” Goyal said in a tweet on Wednesday. pic.twitter.com/Dh6sVxUnLU — Piyush …

Indian cities rise in global start-up ranks, China’s ecosystems slip
2 years, 6 months ago

Indian cities rise in global start-up ranks, China’s ecosystems slip

Live Mint  

Several Indian ecosystems have risen in the global start-up ecosystem rankings, most notably Delhi, according to a report. Delhi is 11 places higher than in 2021, entering the top 30 for the first time at 26, says a report by Startup Genome, a policy advisory and research organization for public and private organizations. The performance of Chinese startup hubs is …

Kerala to create over 15,000 startups, 2,00,000 jobs in five year: CM Vijayan
2 years, 10 months ago

Kerala to create over 15,000 startups, 2,00,000 jobs in five year: CM Vijayan

Live Mint  

Vijayan said various government initiatives such as IEDC, YIP, programmes for incubation and acceleration, corporate innovation and so on have made Kerala the best place to start and grow enterprises The Kerala government has aimed to create over 15,000 startups and 2,00,000 jobs in emerging technologies in the next five years, said Chief Minister Pinarayi Vijayan on Saturday. {{^adFree}} {{/adFree}} …

Central Govt Announces First-Ever Startup India 'Innovation Week'
2 years, 11 months ago

Central Govt Announces First-Ever Startup India 'Innovation Week'

News 18  

The Centre will organise the first-ever Startup India “Innovation Week” from Monday to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc under one platform to celebrate entrepreneurship and promote innovation, and to showcase the spread and depth of entrepreneurship across India, an official statement said. According to the Commerce and Industry Ministry statement, the …

‘Successful use of humanity, reliance on reasoning and public discussion’, key assets that will help Kerala as it looks ahead: Amartya Sen
3 years, 10 months ago

‘Successful use of humanity, reliance on reasoning and public discussion’, key assets that will help Kerala as it looks ahead: Amartya Sen

The Hindu  

If it is to pursue the future with the same success and more than in the past, Kerala needs to continue its reliance on humanity, reasoning and public discussion, central assets that the State will have use for in the days ahead, Amartya Sen, Nobel Laureate and University Professor, Harvard University, said. Addressing the concluding session of the online international …

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