Title: ROLE OF KERALA STARTUP MISSION (KSUM) IN ACCELERATING
KERALA'S STARTUP ECOSYSTEM: A REVIEW ON BUSINESS
INCUBATION IN KERALA
Authors: Berry Holaday M. G., Derry Holaday M. G., N. Ajith Kumar
1Berry Holaday M. G., 2Derry Holaday M. G., 2N. Ajith Kumar
1. Assistant Professor, Department of Economics, Aquinas College,
Edacochin P.O., Dist. Ernakulam, Kerala, INDIA 2. Department of Economics, Aquinas College,
Edacochin P.O., Dist. Ernakulam, Kerala, INDIA
MLA 8 M. G., Berry Holaday, et al. "ROLE OF KERALA STARTUP MISSION (KSUM) IN ACCELERATING KERALA'S STARTUP ECOSYSTEM: A REVIEW ON BUSINESS INCUBATION IN KERALA." Int. j. of Social Science and Economic Research, vol. 4, no. 5, May 2019, pp. 3788-3801, ijsser.org/more2019.php?id=288. Accessed May 2019.
APA M. G., B., M. G., D., & Kumar, N. (2019, May). ROLE OF KERALA STARTUP MISSION (KSUM) IN ACCELERATING KERALA'S STARTUP ECOSYSTEM: A REVIEW ON BUSINESS INCUBATION IN KERALA. Int. j. of Social Science and Economic Research, 4(5), 3788-3801. Retrieved from ijsser.org/more2019.php?id=288
Chicago M. G., Berry Holaday, Derry Holaday M. G., and N. Ajith Kumar. "ROLE OF KERALA STARTUP MISSION (KSUM) IN ACCELERATING KERALA'S STARTUP ECOSYSTEM: A REVIEW ON BUSINESS INCUBATION IN KERALA." Int. j. of Social Science and Economic Research 4, no. 5 (May 2019), 3788-3801. Accessed May, 2019. ijsser.org/more2019.php?id=288.
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Works sited from Websites .
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Abstract: Kerala State is at the forefront of an eminent startup ecosystem. Kerala is blessed with brilliant
youth with exceptional ideas which can be potentially converted into brilliant products. But
strong intervention from government are extremely essential to mentor aspirant entrepreneurs
into successful startups. Continuous nurturing and support is a prerequisite for the success of
these budding business ventures. Incubators and their business incubation programs can induce
reverse migration and foster entrepreneurship and accelerate economic growth. Keeping this in
mind, Kerala the most developed state in India as per human development index have taken up
several steps in fostering startup ecosystem. Kerala startup mission is one of the key step in this
regard. This paper explores the startup ecosystem prevailing in Kerala and the interventions
made by Kerala government through Kerala startup mission in nurturing entrepreneurs and
develop successful startups. As a result of dedicated service Kerala Startup Mission could curate
over 1500 startups engaged of which many have been recognized globally for their innovation
and growth potential. This paper also highlights various program schemes and funds offered by
Kerala startup mission to assist and nurture budding entrepreneurs. This growing innovation
ecosystem resulted in attracting seasonal entrepreneurs as well as many of whom now migrated
back to Kerala to setup their startup. This reverse migration is one of the biggest outcome of the
changing Startup Ecosystem a deliberate consequence of mentoring, networking, education,
funding and incubation carried out by Kerala startup mission.
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