Replicate Kerala’s Startup Village : Union Minister
Centre will partner with angel funds to set up electronic development fund for start ups | By Yentha
On Dec 28, 2014

Kochi: Union IT Minister Ravi Shankar Prasad on his visit to Kerala’s Startup Village was impressed. He was quick to comment that one has to replicate the Kerala model in other states in India to boost entrepreneurship.

Minister also said that the central government will set up an electronic development fund for start-ups across the country.

“In order to promote entrepreneurship in IT, the central government has come up with the concept of electronic development fund with the government partnering with angel funds to fund start ups in IT, electronics and manufacturing,” the Minister said.

Hailing the Modi government’s ‘Digital India’ campaign as a revolutionary plan to bridge the gap between the digital haves and have-nots, Ravi Shankar Prasad said the entire profile of India will change in the next four to five years.

“We propose to connect 2,50,000 gram panchayats across the country with a national optical fibre network in the next three years. Kerala is doing very well in this. By the end of this financial year, all gram panchayats in the state will have the national optical fibre network. E-education, e-commerce and e-health will ride on that,” the Minister noted.  

He pointed out that 65 per cent of India’s population is under 35 years of age and 50 per cent is under 25. “I feel very happy coming to Startup Village and looking at young India explore new frontiers in IT. India has got 90 crore mobile phones and 300 crore internet connections. We have to make them more effective and more accessible and promote entrepreneurship in this field.”

Principal Secretary IT and Industries P H Kurian and Startup Village CEO Pranav Kumar Suresh, who were present on the occasion, briefed the Minister about the activities of the Startup Village and the growing startup ecosystem in Kerala.
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