15k startups, 2 lakh jobs will be created in the next 5 years: CM Pinarayi Vijayan

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Pinarayi Vijayan | Photo: Mathrubhumi

Kazhakoottam: Chief Minister Pinarayi Vijayan said that 15,000 startups will kickoff in the state within five years and two lakh jobs will be created in the field of innovative technology. His statement came during the inauguration of the 'Huddle Global 2022', a Global Virtual Summit for Startup Entrepreneurs. The two-day summit was organized by the Kerala Startup Mission (KSUM).

He also said that the state is planning to set up an Emerging Technologies startup hub in Thiruvananthapuram, similar to the Technology Innovation Zone established in Kochi.

"Since 2015, the startup sector in the state has attracted investments worth Rs 3200 crore. India ranks third in the world in this field," he said. The CM also pointed out that the state plays a pivotal role in the sector and has 55,000 startups.

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Minister P Rajeeve, who presided over the function, said that the role of the Kerala Startup Mission is important in strengthening the cordial relationship of the startup community in the state with global entrepreneurs.

At the same time, the Kerala Startup Mission has entered into a partnership with 'Google for Startups' to strengthen the startup environment in the state. Paul Rabindranath, Head of Google Startup Accelerator India, announced their partnership with KSUM during the launch of Huddle Global.

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