Startup Village’s milestone achievement of securing 1,000 applications in 15 months took on added shine on Independence Day this year as the state government announced the rollout of its flagship Student Entrepreneurship Policy to schools in the second phase.
In its second phase, the Student Entrepreneurship Policy, which is designed to encourage innovations by youngsters, will be extended to school-going students. Around 10,000 bright school students from classes VIII to XII will be chosen through an online examination and provided computers and other learning material to improve their technology skills as part of the new project.
“Young people are going to provide the strength for Kerala’s forward march, and our duty is to provide them the opportunities here at home,” the Chief Minister said, adding, “It is very clear that employment and growth opportunities around the world in the next fifty years are going to be based on technology.”
He declared that September 12, the anniversary of the Emerging Kerala meet, will be celebrated in the state as Entrepreneurship Day.
“Startup Village in Kalamassery has got more than 1,000 project proposals with novel ideas and concepts in just 15 months. This and the fact that Kerala today has 125 functional startups shows how widely the government’s policies have been embraced within the student community,” Chandy said.
Startup Village’s milestone was reached in exactly 479 days since the setting up of the incubator on April 11, 2012, as a public-private partnership between the Department of Science and Technology, Government of India; Technopark, Trivandrum; and technology firm MobME Wireless.
Nearly 80% of the incubating companies there are product startups which require nurturing and support in the initial stages because it will take them at least three years to mature and demonstrate explosive growth.
“Young people in India today have access to education on a par with global standards. This is the resource pool that is going to create knowledge, employment and wealth for the society and the nation in the future. We see this raw, creative energy at work in places like Startup Village. A charged, vibrant ecosystem like Startup Village will be a catalyst for change and it will put Kerala on the global stage,” said Kris Gopalakrishnan, Co-founder and Executive Vice Chairman of Infosys and the Chief Mentor of Startup Village.
“Now Kerala will seamlessly have a programme where young minds from 8th standard have opportunity to explore original thinking and learn computer programming languages in depth which will give them a great foundation to begin a startup from first year in college and have a successful company by their fourth year in college,” said Sanjay Vijayakumar, Chairman, Board of Governors, Startup Village.