The state government is also launching a new project that offers one hundred teams of five college students each a Startup Tool Box, which will have high-end computers, smartphones and other technology items required to create a startup company.
The fund will focus on Telecom and Internet sector and will investing once the initial close of $2 mn is received.
The company is seed funded by MobME and is among the first batch of incubatees at Startup Village.
The state now has an angel network, called the Mallu Angel Network, led by the likes of Kris Gopalakrishnan and Kerala's chief Minister Oommen Chandy.
2012 was a defining year for Indian startup ecosystem - apart from the launch of few ambitious startups, the ecosystem witnessed launches of several incubators and accelerators in India.
India is one of the countries where the average Internet speed is the lowest. Broadband penetration in India is at a pitiful 1.2 % and average Internet speed is barely 1 Mbps. Search giant Google launched 1 Gbps Internet connection in the US earlier this year.
Daily dose of tech news from around the world: Disney buys makers of Starwars Lucasfilm for $4 Billion. Acer delays Windows RT tablets. Sony’s TV Business: Like Chrysler? Or Oldsmobile?
The Government of Kerala has launched its student entrepreneurship scheme for universities, colleges and polytechnics in the state. As promised when we first wrote about the government's intention to give attendance and grace marks to student entrepreneurs, here is the first look at the new policy.
List of Incubators and Accelerators in India. How much equity do they take? Portfolio focus? THE List.
