Work on the first phase of Kerala Technology Innovation Zone complex began at nearby Kinfra Hi-Tech Park Wednesday, giving a fillip to the Kerala Startup Missions plans to boost the startup ecosystem in India by bringing multiple technology incubators under one roof.
M Sivasankar, IT Secretary to the Kerala Government, who launched the project by performing the ground breaking ceremony at Kalamassery, said KTIZ would be developed as the largest startup ecosystem of the country and a global innovation hub.
"Once completed, Kerala Technology Innovation Zone will be the country's largest startup ecosystem.
Besides, the 13.2 acre-KTIZ complex would also serve as a global innovation incubator hub for different players in the technology space,"Sivasankar said.
Funded by Kerala Infrastructure Investment Fund Board, it would be the largest infrastructure project for a startup ecosystem in the state, a release said here.
The Kerala State Information Technology Infrastructure ltd the nodal agency to carry out all infrastructure work under the department of IT department, will be the Special Purpose Vehicle (SPV) for implementing this project, it said.
The incubator model of KTIZ would focus on ICT, electronics, IoT, robotics, biotech and other industries by creating individual verticals for each sector with dedicated infrastructure and research facilities.
"One of the major demands of a startup entrepreneur is to have every facility required to begin a startup without any hassles. This will be the apt solution for that," said KSUM CEO Saji Gopinath.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)