Kerala govt starts programme to help student startups-: Over one lakh students graduate in engineering and non-engineering subjects in Kerala every year. Out of these, a significant number possess valuable entrepreneurial ideas, which however fail too see the light of day due to lack of necessary environment and support. In order to harness the potential of these students and direct it towards building a favourable entrepreneurial ecosystem and aid economic growth, the Kerala government has introduced special initiatives to promote student startup companies. As part of the initiative, the state government has decided to set aside one per cent of its annual budget allocation for the Student Entrepreneurship Programme. â??One per cent of what has been allotted to each department would amount to Rs 500 crore approximately. The decision has been taken following the interaction with five students who were sent to Silicon Valley from Kerala,â?? Chief Minister Oommen Chandy said. The students had the chance to visit many companies and meet CEOs. Government has given priority not just for the IT sector but also to traditional sectors. Six students who are ready to start new ventures in the traditional handloom sector were also invited for the interaction, which took place as part of the Kerala Cabinet meeting. Already, 1,000 business ideas have been received. -Inputs from PTI
Posted on: Fri, 24 Jan 2014 15:50:22 +0000
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