Startup India Conference - Kerala. Dr Jayasankar Prasad C Chief Executive Office, Kerala Start-Up Mission
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1 Startup India Conference - Kerala Dr Jayasankar Prasad C Chief Executive Office, Kerala Start-Up Mission
2 Outline of the Presentation Introduction State presentation Agenda Progress on Action Plan (compliance with labour laws, environment laws, etc.) Establishment of Hub/ Incubators Good practices Funding model for Startups Status of white and green categories of industries Future plans including reforms that will be taken up by the states CSR initiatives by industries within the state Summary Page 2
3 Introduction GOALS o o o 3000 technology startups by 2030 Creation of wealth through Knowledge creation Mindset change from Job seekers to Job creators Kerala IT Policy 2012 Page 3
4 Introduction - Ecosystem Evolution TBIC -A Centre supported by Technopark T-TBI INCUBATOR supported by DST, GoI T-TBI Under the Chairmanship of Hon CM, GoK 1 ST PPP Incubator Startup Village AWARDS: 1. Special Commendation on Golden Peacock Award 2013, 2. AABI Incubator of the year 2012, 3. 2 nd Best Emerging Incubator in 2011, and 4. India s Best Incubator 2007 T-TBI rebranded as KSUM, Nodal agency for implementing Start UP policy Page 4
5 Progress on Action Plan Kerala Technology Startup Policy 2014 and sub policies by other departments Covers the creation of infrastructure for incubation Human Capacity building through interventions at school and college level Provide funding and other incentives to startups Self certification regime being setup (green category industries) Online SWC system planned Support to Women Entrepreneurs 1% of the State s annual budget ear-marked for entrepreneurship development activities. Page 5
6 Start Up Ecosystem Hubs and Incubators Kannur University TBI Kannur Techno lodge KSUM Facility KEY accelerator NIT TBI (Hub) IIM K TBICV Kerala Technology Innovation Zone, (Hub) Bio Tech Incubator Fab Lab - 2 NRI TBI TBIC Kaloor NASSCOM 10K Warehouse (Hub) CUSAT TBI Amal Jyothi TBI Piravom Technolodge Kerala Start up Mission (Technopark Facility Hub ) Fab Lab -1 KSUM EY accelerator CET TBI Page 6
7 Good Practices Integrated approach Learn to code Raspberry PI distribution Innovation challenges IEDCs (Startup Boot Camps) Digital Fabrication & design thinking Policies Academic intervention Developing the elements of ecosystem Entrepreneurial capacity building Infrastructure creation Funding to start ups Student Entrepreneurship Policy Technology Startup Policy KTU entrepreneurship Policy Ecosystem building Page 7
8 Academic interventions Page 8
9 Start Up Ecosystem Ecosystem building Page 9
10 Startup Ecosystem- Infrastructure Page 10
11 Celebrating Youth Entrepreneurship Participation of over 4000 student entrepreneurs Annual meet for student/young entrepreneurs to Collaborate and Network Page 11
12 The Fair Deal An initiative by KSIDC to promote Women Entrepreneurship High status of Women in the state Male female ratio Education Employment Low birth rate Page 12
13 Startup Traditionally Promotion of innovative startup ideas in the traditional sector Power Loom Enterprise Creation Centre Innovative Enterprise promotion program in Handloom Handloom Business Incubator Page 13
14 Funding sources Seed fund Innovation support Patent support KSUM KSIDC Angel Seed Funding KFC Private Debt funding (collateral free) FIs Early angels (HNIs) Series A (VCs) Page 14
15 Funding Models Early Angel funding Soft loans /collateral free loans Convertible loans Performance linked Assistance Innovative idea grants Page 15
16 Future Plans Sector specific startup policies/guidelines/incentives District Industries centers to run as general purpose incubators Specialized incubators linked to IT and Industrial Parks Multi Domain & Multi Technology innovation Zone Kerala Startup Fund ( with SIDBI fund of funds, Federal Bank and KSIDC) Virtual platform connecting R&D /innovation to corporates/startups for commercialisation Self declaration for startup Registration Internal market creation for startups Page 16
17 Summary Ecosystem elements being built Events being organized (YES, WE, CAN) Innovation being promoted Funding being arranged International exposure given Policy support for formation and running Local market creation Academic incubators being promoted Entrepreneurship as part of curriculum and a career option Failure being accepted Entrepreneur Magazine -Incubator ranking Overall ranking (Top 25) 1. Startup Village (1) 2. Kerala Start Up Mission (2) 3. Amrita TBI (11) Electronic Incubators 1. Electronics Incubator (maker village (5) 2. NIT Calicut (8) Tech Enabled incubators 1. Amal Jyothi IC (15 ) 2. NRI TBI (21) Clean tech incubators 1. CET TBI (6) Page 17
18 Thank you
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