International Journal of Social Science & Economic Research
Submit Paper

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.

References

[1]. Al-Mubaraki, H and Busler, M.(2011); The Development of Entrepreneurial Companies through Business Incubator Programs, International Journal of. Emerging Science, 1(2),pp.95-107
[2]. Audretsch, D. B. & Thurik, A. R. (2004); A model of the entrepreneurial economy, International Journal of Entrepreneurship Education, 2 (2), pp.143-166.
[3]. Chandra, A. and T. Fealey (2009); Business Incubation in the United States, China and Brazil: A Comparison of Role of Government, Incubator Funding and Financial Services, International Journal of Entrepreneurship, 13, pp.67-86.
[4]. Dariusz M. Trzmielak, David Gibson(2014); Business Incubation in the USA, International cases on innovation, knowledge and technology transfer, pp.1-22
[5]. Etzkowitz, H. (2003); Innovation in Innovation: the Triple Helix of university-industry government relations, Social Science Information, 42(3), pp.293-337.
[6]. Knopp, L. (2012); State of the Business Incubation Industry, NBIA Research Series, Athens, Ohio, National Business Incubation Association.
[7]. NBIA (2004); Incubation in Evolution: Strategies and Lessons Learned in four countries
[8]. OECD (2010); Technology Incubators, OECD Innovation Policy Platform.
[9]. Prakash B.A. (2018); Economics History of Kerala from 1800 to 1947, Part II Travancore, Change in Agriculture, Industry, Transport, Power and Education.
[10]. Robinson, D.F. (2010); The Co-evolution of Business Incubators and National Incubator Networks in Emerging Markets, Journal of Technology Management & Innovation 5(3), pp.1-14.
[11]. Sule Maina (2013); The role of entrepreneurship education on job creation among youths in Nigeria, International Letters of Social and Humanistic Sciences ,Vol. 15, pp, 87-96
Works sited from Websites
[12].
[13]. A new study that reveals 20 factors that predict startups failure Retrieved 5/2/2018 https://www.entrepreneur.com/article/308447
[14]. Kerala startup ecosystem report Retrieved on 2/5/2019 from https://startupmission.kerala.gov.in/ecosystem_reports_section
[15]. Mixed-use Incubator Handbook: A Start-up Guide for Incubator Developers https://www.infodev.org/infodev-files/resource/InfodevDocuments_733.pdf
[16]. National Sample Survey Report Retrieved on 12/4/2019 from http://www.mospi.gov.in/national-sample-survey-office-nsso
[17]. Science, Technology and Innovation Policy 2013, Government of India http://www.dst.gov.in/sites/default/files/STI%20Policy%202013-English.pdf
[18]. Welcome to NSTEDB, Technology Business Incubator Retrieved on 6/5/2019 http://www.nstedb.com/institutional/tbi-list.htm
[19]. Welcome to Kerala Startup Mission, Kerala Startup Ecosystem Retrieved on 2/5/2019 from https://startupmission.kerala.gov.in/ecosystem

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.